Business

April 02, (THEWILL) - Dissatisfied with certain parts of the Judgment relating to the court judgement on Arik Air, the Asset Management Corporation of Nigeria (AMCON) has revealed that it would appeal the ruling. This is just as the asset...

The real sector development initiatives of the Central Bank of Nigeria (CBN) were introduced to stimulate and sustain growth in key sectors of the economy, revive moribund sectors, empower the youth population, explore the untapped potential in various economic...

Regrettably, for the umpteenth time, a critical driver of the hyper-inflationary trend in Nigeria has been identified as the ever-rising price and shortage of food. Year after year the consumer price index (CPI) records an uptick mainly due to...

Multinational oil company, Oando Plc, is to delist from the Nigerian Exchange Limited 31 years after it was listed as a public company in February 1992. This follows plans by its core investor, Ocean and Oil Development Partners Limited (OODP),...

The Nigeria Deposit Insurance Corporation (NDIC) has urged the banking public that the safest place to keep their money is the formal banking system. This is because the NDIC protects their bank deposits. The Managing NDIC, Mr Bello Hassan...

The Cross River State government has kicked off the payment of rents and royalties to cocoa estate landlord communities in the state. The special adviser to the governor on Cocoa Development and Control, Ntufam Dr Oscar Ofuka, disclosed this during...

First Bank of Nigeria Limited, Nigeria’s premier financial services institution, has announced a phased corporate name change of its subsidiaries in the United Kingdom and Sub-Saharan Africa. FBNBank UK, FBNBank Sierra Leone, FBNBank Gambia and FBNBank DRC are the...

Following an aggressive diversification course championed by the Central Bank of Nigeria (CBN), the country earned a total of $22.6 billion (N8.8 trillion) from non-oil exports between 2019 and 2022, data by the National Bureau of Statistics (NBS) have...

April 01, (THEWILL) - United has announced its $5 million investment in carbon capture technology company, Svante. While United operates one of the most comprehensive global route network among North American carriers, Svante offers companies in emission-intensive industries, a...

March 31, (THEWILL) – The World Bank Group’s Board of Executive Directors has announced Ajay Banga, a US national, as sole nominee for the position of the next President of the bank. US President, Joe Biden, had in February,...