Business

Why And How Petrol Subsidy Must Go

For Nigeria to exit from the current fiscal crisis, create prosperity for its citizens and fulfill its obligations to them, we must end the decades-old drainpipe of petrol subsidy. There is no good time to do it. Postponing the...

Nigeria’s Active Mobile Subscriptions Declined To 225.8m In March – NCC

May 21, (THEWILL) - The Nigerian Communications Commission (NCC) has reported that telecommunication mobile services subscriptions in the country declined by 0.4 per cent to 225.8 million in March 2023 from the 226.8 million subscriptions recorded in the preceding...

Sanwo-Olu Commissions Innovation Lab Project

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May 21, (THEWILL) - The Lagos State Governor, Babajide Sanwo-Olu, on Friday commissioned an innovation laboratory in Ikorodu. The innovation laboratory — SAIL (Senator Abiru Innovation Lab) was set up by Tokunbo Abiru, the Lagos East senator, and his wife,...

Over $50bn Oil Industry Projects Unveiled at NOGOF — Wabote

May 21, (THEWILL) - Oil and gas opportunities valued over $50 billion and projected to be developed within five years were showcased by international and indigenous companies at the 2023 Nigerian Oil and Gas Opportunity Fair (NOGOF) which ended...

Elumelu At 60: Journalists Hail Business Mogul’s Interventions In Nigeria’s Education Sector

May 21, (THEWILL) - A group of journalists has felicitated the Chairman of the United Bank for Africa (UBA), Tony Elumelu, on his diamond jubilee birthday anniversary, describing him as a selfless investor in Nigeria’s education sector. The group, under...

RT 200: CBN Revises Operating Guidelines For Rebate Scheme

May 18, (THEWILL) - The Central Bank of Nigeria (CBN) has modified the operating guidelines for the RT200 Non-Oil Export Rebate scheme as contained in its earlier circular of February 25, 2023. The Bank said in a circular released Thursday...

NPC Spends N200bn for 2023 Census Preparation – Official

May 18, (THEWILL) - The National Population Commission (NPC) says it has spent about N200 billion to prepare for the 2023 population and housing census. This is part of the N800 billion expected from the federal government as the total...

Policy Expert Wants More of Banks’ Funds Sterilised

May 18, (THEWILL) - A member of the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC), Edward Adamu, has said that the sterilisation of banks’ funds under the Cash Reserve Ratio (CRR) policy of the CBN should be...

Post-pandemic World Economy Yet to Recover From COVID-19 — UN

May 18, (THEWILL) - Prospects for a robust global economic recovery remain dim as the lingering effects of the COVID-19 pandemic carry on, according to the UN’s latest World Economic Situation and Prospects report released Tuesday.. Risks of a prolonged...

Algeria’s LNG Exports Rise As Europe Moves To Replace Russian Gas

May 18, (THEWILL) - Algeria’s exports of liquefied natural gas (LNG) rose in the first quarter of 2023 compared to the same period of 2022, and the North African producer booked the highest LNG export growth rate among the...