Business

Nigerian Breweries Plc: Directors’ Pay Climbs to N685m Amid 27% Profit Slump

The remunerations of Nigerian Breweries Plc directors rose to N684.9 million in 2022, from N612.1 million the corporate governance chiefs collectively received in the previous year. This represents a 12 percent rise in a year the company suffered a...

CFAO, Sinotruk Howo Sign Sales Distribution Deal

March 17, (THEWILL) - CFAO Equipment in Nigeria has signed up as the official co-distributor of Sinotruk Howo, a brand of heavy-duty trucks, manufactured by the China National Heavy-Duty Truck Group Co. Ltd. (CNHTC). The partnership, which was sealed...

Group Decries Media Attacks, Faults Allegations Against Seplat, CEO

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March 16, (THEWILL) - A Non-Governmental Organisation (NGO), Empower Nigeria, has decried the spate of media attacks and image-smudging comments against the Chief Executive Officer, Seplat Energy Plc, Mr Roger Brown, bordering on claims of engaging in anti-Nigerian workers’...

Nigeria Spent N71.5bn on Palm Oil Imports in 2022

Nigeria spent N71.5 billion on the importation of palm oil in 2022, according to the National Bureau of Statistics (NBS). This was 28 percent lower than N98.7 billion recorded in the previous year. Palm oil falls under the nation’s foreign...

Nigeria’s Inflation Rate Soars Higher to 21.91% in February

March 15, (THEWILL) - Nigeria’s inflation rate inched further north hitting 21.91percent in February 2023 against 21.81 percent earlier in January, the National Bureau of Statistics (NBS) said Wednesday. This represents an increase of 0.09 points when compared...

Cash Crunch: Expert Predicts Drop in Q1 Nominal GDP

March 15, (THEWILL) - Former CEO, National Bureau of Statistics (NBS) and Statistician-General of Nigeria, Dr Yemi Kale, has predicted that Nigeria’s nominal Gross Domestic Product (GDP) in first quarter (Q1) of 2023 will drop by as much...

Eroton Remains Operator of OML-18, Says Management

March 15, (THEWILL) - Eroton Exploration and Production Company Limited has reiterated that it remains the Operator of OML-18 in line with the provisions of the JOA, adding that any dispute whatsoever between the parties are reserved exclusively...

CBN Debunks Fake News Entitled ‘Re- Emefiele Launches Fresh Plot Against President-elect Tinubu’

March 13, (THEWILL) - The Central Bank of Nigeria (CBN) has debunked a story published in The Nation newspaper on Monday, March 13, 2023 alleging that the CBN Governor, Mr Godwin Emefiele had launched fresh plot against Bola Ahmed...

Politics, Economics And Nigeria’s Trudging Economy

The Supreme Court ruling on Friday, March3, 2023 that all redesigned Naira notes and the old ones will remain legal tender and in circulation till December 31, 2023 climaxed the lingering titanic struggle between political power brokers and managers...

Imo Economy Under Threat as NLC Embarks on Strike

– Condemns Govt-Sponsored Disruption of its Election The bad state of Imo economy which has suffered tremendous set-back over insecurity attacks is set to worsen as the Nigeria Labour Congress (NLC) in the state has embarked on strike. The state...