Business

Nigeria’s Public Debt Per Citizen, LGA Hits N.3m, N90.5bn As Economic Woes Deepen

Nigeria’s current total public debt of N70 trillion Naira, if shared among the country’s estimated population of 220.2 million, places a debt burden of N317,850 on each citizen, according to data compiled by THEWILL. The 774 local government areas...

Ahead Of Spring Meetings, IMF Boss Wants Strong Policies To Boost Recovery

April 09, (THEWILL) - The Managing Director, International Monetary Fund (IMF), Kristalina Georgieva has called for strong policy action to secure a robust recovery, as global growth over the next five years is expected to languish at the slowest...

Benue Assembly Grants Approval For Govt To Key Into $18.2bn Debt Liabilities

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April 06, (THEWILL) - Benue State House of assembly has given approval for Benue state government to key into a proposal submitted by the Nigeria Governors Forum (NGF), to enable the Federal Ministry of Finance, Budget and National Planning...

Fuel Subsidy: Nigerian Govt Secures $800m World Bank Facility

April 05, (THEWILL) - Nigeria has secured a World Bank facility worth $800 million. The Minister of Finance, Budget and National Planning, Zainab Ahmed, disclosed this on Wednesday while briefing State House correspondents on the outcome of the Federal Executive...

Genesis Market: Popular Cybercrime Website Shut Down by British Police

April 05, (THEWILL) - One of the world's biggest criminal marketplaces used by online fraudsters to buy passwords has been closed down in a global law enforcement crackdown. Genesis Market sold login details, IP addresses and other data that made...

Cash App Founder Bob Lee Stabbed To Death In San Francisco

April 05, (THEWILL) - The founder of Cash App and Chief Product Officer of cryptocurrency company, MobileCoin, Bob Lee, has been stabbed to death. MobileCoin confirmed that on Tuesday, Lee was killed in a fatal stabbing in San Francisco,...

Nigeria’s Economic Growth To Remain Slow At 3% In 2023 – KPMG

April 05, (THEWILL) – Nigeria’s Gross Domestic Product (GDP) will grow at a slow pace of 3 percent in 2023, KPMG has said in its latest report. The report released on Tuesday, titled ‘Global Economic Outlook – H1 2023’,...

Nigeria’s Investment Inflow Dips to $468m, Lowest in Nine Years

April 05, (THEWILL) – Investment inflow to the Nigerian economy, via foreign direct investment (FDI), dropped to a nine-month low of $468 million in 2022 from $698 million a year earlier, the National Bureau of Statistics said...

NCC Recommends Authentication Measures to Secure WhatsApp

April 04, (THEWILL) - The Nigerian Communications Commission‘s Computer Security Incident Response Team (NCC-CSIRT) has recommended the measures to be adopted by the popular messaging app, WhatsApp to secure their facility. The NCC’s CSIRT is the telecom sector’s cyber security...

NCDMB Performs Groundbreaking of Pipe Manufacturing Plant In Bayelsa

April 04, (THEWILL) - In pursuit of its mandate to promote the country’s local content policy, the Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote has performed the groundbreaking ceremony of a pipe manufacturing...