Business

Diaspora Remittance: CBN Approves Naira Payout To Recipients

July 13, (THEWILL) - The Central Bank of Nigeria (CBN) has approved Naira payouts for diaspora remittance with immediate effect, thus ending a ban that had been in place since 2020. In a circular dated July 10, 2023, and...

Naira Depreciates To N782.49/$ On I&E Window As NGX-ASI Drops 2.47%

July 12, (THEWILL) - The Naira dropped slightly Wednesday on the I&E window to N782.49/$ as against N788.42/$ on Tuesday – a depreciation of 0.8%. Total turnover also dropped to $68.10 million against $99.69 million on the...

Century Group Acquires FPSO Sendje Berge from BW Offshore

July 12, (THEWILL) - BW Offshore, the Norwegian service provider, has repored that it has closed the transaction for the sale of the floating production storage and offloading (FPSO) vessel Sendje Berge to a local FPSO owner and...

BW Offshore Sells Okwori FPSO

July 12, (THEWILL) - BW Offshore Limited, a global owner and operator of floating production storage and offloading vessels, has completed the sale of the FPSO Sendje Berge to a local FPSO owner and operator in...

NGX-ASI Hits Record High Since 2008, as Naira Sinks Lowest to N788.42/$

July 11, (THEWILL) - Nigeria equities market sustained its bullish sentiments as buying interests in DANGCEM (+9.3% from N360.70 share price), and BUACEMENT (+6.6% with N97 per share) which drove a 1.7% increase in the benchmark index – the...

Lagos Task Force Clears Traders From Oshodi Rail Tracks, Other Areas

July 11, (THEWILL) - The Lagos State Task Force says it has cleared traders from Oshodi rail tracks, under Apongbon Bridge and other areas, vowing to sustain the tempo. Spokesman of the Task Force, Mr. Gbadeyan Abdulraheem, said Chairman...

Alleged N13.5bn Debt: Ecobank Seeks Disapproval of Otudeko’s 4.8bn FBNH Shares As Stakeholders Kick

July 11, (THEWILL) - Four days after the acquisition of 4.8 billion shares of FBN Holdings (FBNH) Plc by Oba Otudeko Ecobank Nigeria has written FBNH, asking it not to recognise the new shares recently acquired by...

NGX RegCO, ICAN Sign MoU to Enhance Market Regulation, Investor Protection

July 10, (THEWILL) - In its bid to further enhance the effectiveness of regulation and investor protection in the Nigerian capital market, NGX Regulation Limited (NGX RegCo) signed a Memorandum of Understanding (MoU) with the Institute of Chartered Accountants...

Equities Market Soars, Hits 15-Year High As Naira Appreciates 4% to N744.07/S

July 10, (THEWILL) - Nigerian equities opened the week strong Monday as the benchmark index gained 2.48% to close at 64,603.69 points, the highest point since 17 March 2008, against 63,040.41 recorded last Friday. Market capitalisation rose to N35.1 trillion...

Investment Inflow Declines By 28% In Q1 2023

July 10, (THEWILL) - Total capital importation into Nigeria in Q1 2023 stood at US$1,132.65 million, lower than US$1,573.14 million recorded in Q1 2022, indicating a decrease of 28.00% the National Bureau of Statistics (NBS) stated in its...