Business

Construction of Ondo Oil, Gas Park to Start, NCDMB Assures Govt, Investors

July 25, (THEWILL) - The Nigerian Content Development and Monitoring Board (NCDMB) has assured that the actual construction of a low-cost manufacturing hub for equipment components and spare parts used in the oil and gas industry will start in...

IMF Raises Global Growth Forecast, Retains Nigeria’s At 3.2%

July 25, (THEWILL) - The International Monetary Fund on Tuesday raised its growth forecast for the global economy, turning slightly more positive despite slowing momentum from China. In the latest update to its World Economic Outlook, the IMF raised...

Subsidy Palliatives: Partner with DBN, Others to Support SMEs – Expert

July 25, (THEWILL) - The managing director/chief business officer, Optimus by Afrinvest, the digital platform powered by Afrinvest (West Africa) Limited, Mr Ayodeji Ebo, has advised the Nigerian government to rethink its plan of distributing N500 billion subsidy...

Equities Market Gains N145bn as Naira Slumps 1.9% on I&E Window

July 24, (THEWILL) - The Nigerian equities market opened the week positively on Monday as demand for STANBIC (+10.0% from N68.95 share price), and FBNH (+9.8% shifting from a share price of N21.80 ) drove the All-Share Index higher...

Avanti Communications Cements Market-Leading Position in Sub-Saharan Africa

July 24, (THEWILL) - Avanti Communications has been named the market-leading high-throughput satellite capacity partner in sub-Saharan Africa for the second year running. The results, from the 20th edition of the NSR Satellite Capacity Supply & Demand Analysis reports...

H1 2023: Foreign Transactions on NGX Rise to N145.1bn

July 24, (THEWILL) - Amid the bounce of a new administration and raft of changes in government policies, total foreign transactions performed by investors at the floor of the Nigerian Exchange Limited (NGX) grew to N145.08 billion in the...

Nigerian Petroleum Agency Unveils Four Additional Regulations

July 24, (THEWILL) - The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) on Sunday said it has introduced four additional regulations that will govern the activities of the midstream and downstream sectors of the Nigerian petroleum industry. The agency...

NASENI, AFIT Strengthen Ties on AAVDI, Made-in- Nigeria Helicopter

The Executive Vice Chairman/Chief Executive Officer, National Agency for Science and Engineering (NASENI) Dr. Bashir Gwandu has called for stronger collaboration with the Air Force Institute of Technology (AFIT), Kaduna, Kaduna State for the smooth take-off of the permanent...

NAICOM Intensifying Efforts to Meet Oil, Gas Industry Needs – Commissioner

The National Insurance Commission (NAICOM), says it has intensified its ongoing drive to facilitate platforms that address the demand-supply gap in the oil and gas Industry. The Commissioner For Insurance, NAICOM, Mr Sunday Thomas, said this while delivering a...

NGX All-Share Index Ends Week Strong, Gains 3.89%, as Naira Shrinks Marginally to N777.82

Closing the week, the Nigerian equities ended on a positive note as the All-Share Index closed 1.68% stronger to settle at 65,003.39 points as against 63,930.72 points the previous day. Market capitalisation rose to N35.39 trillion from N34.81 trillion...