Business

Nigeria’s Manufacturing Activity Rises Again In June, Amid Slide In Business Confidence

July 03, (THEWILL) - Nigeria lengthened the run of growth in its factory output to three months in a row in June as manufacturers raced to increase goods in stock to beat potential spikes in inflation, according to Stanbic...

NGX, CIS, Stakeholders Honour Subomi Balogun

...Describes him as a market colossus Nigerian Exchange Limited (NGX), Chartered Institute of Stockbrokers (CIS) and other market stakeholders on Monday held a mock-trading session and Closing Gong Ceremony in honour of late Otunba Subomi Balogun, FCS, CON, the founder...

Equities Market Soars, Gains N534bn As Naira Rises 3.7% to NGN741.50/USD

July 03, (THEWILL) - The Nigerian equities market picked up from where it left off last week, closing higher on gains in MTNN (+1.7% from N13.762 share price), STANBIC (+9.3% against share price of N59), and ACCESSCORP (+9.9% from...

Again, Zenith Retains Nigeria’s Number One Bank Ranking

July 03, (THEWILL) - Again, Zenith Bank Plc has retained its ranking as the number one bank in Nigeria, by Tier-1 Capital, in the 2023 Top 1000 World Banks’ Rankings, published by The Banker Magazine. For the fourteenth...

NPA Begins Overtime Cargo Evacuation to Decongest Port

The Nigerian Ports Authority (NPA) has begun the evacuation of overtime cargoes to help decongest the port. The General Manager, Corporate and Strategic Communications of NPA, Josephine Moltok, announced this through a statement in Lagos. Moltok said the decongestion of...

Petrol: Be Prepared To Pay N700/litre From July – IPMAN

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has told Nigerians to be prepared to begin to pay N700 per litre of petrol from July, 2023. IPMAN’s National Controller Operations, Mr. Mike Osatuyi, who disclosed this to newsmen further added...

Naira Depreciates Marginally By 0.9% To N769.25/$ At I&E Window

The naira depreciated by 0.9% to NGN769.25/USD at the I&E window as against N763 on Tuesday (before the two-day public holiday to commemorate the Muslim festival of Eid-el-Kabir). Turnover rose 9% to close at $263.45 against $245.65 on Tuesday. Nigeria’s...

NEXIM Partners Fidelity Bank, Sapphital to Grow Nigeria’s Export Sector

In efforts to boost Nigeria’s foreign exchange earnings, the Nigerian Export-Import Bank (NEXIM), has announced a strategic partnership with Fidelity Bank Plc and Sapphital Learning Ltd. The partnership will help improve the skills and performance of export businesses in Nigeria...

SPECIAL REPORT: Revealed: Why Volkswagen Pulled Out Of Nigeria

West Africa's Largest Market Shut out of VW's Ambitious Plans for SSA German Automaker Lists Conditions for Return As Nigerians continue to wonder why Volkswagen, the leading German automaker, pulled out its operations from the country despite the popularity...

Naira Floating: Nigeria to Earn N160bn, Spend N603bn More on Agric Export, Import in H2 2023

Based on data by the National Bureau of Statistics (NBS), Nigerian farmers will earn an additional estimated N160.3 billion from agricultural exports in the second half of the year as a result of the depreciation of the Naira in...