Business

IPMAN Dares Soludo Over Planned Demolition of Filling Stations in Anambra

June 19, (THEWILL) - Independent Petroleum Marketers Association of Nigeria (IPMAN), Enugu Depot has threatened to shut down all filling stations in Anambra state if Governor Chukwuma Soludo fails to pay adequate compensation to the members for the...

Investors Lose N106bn On Profit-Taking As ASI Declines By 33bps

After experiencing a bullish start to the week, the Nigerian equity market concluded the week in the north zone as of Friday, June 16. However, profit-taking activities observed in prominent stocks led to a decline in the market. The benchmark...

43 Non-eligible Items Remain Banned From I&E Window – CBN

The Central Bank of Nigeria on Friday said that the 43 items restricted from accessing Foreign Exchange from the official window remain banned from the Investors and Exporters (I&E) window. This means the restriction of foreign exchange allocation for the...

Danbatta Woos Investors at GITEX Africa on Nigeria’s Broadband Future

The Executive Vice Chairman (EVC) of the Nigerian Communications Commission (NCC), Prof. Umar Danbatta, has invited international telecom companies and potential investors to take advantage of the opportunities presented by Nigeria’s population of over 200 million people to invest...

NNPCL no Longer Sole Supplier of Petrol

The Nigerian National Petroleum Company Limited (NNPCL) has said it is no longer the sole supplier of petroleum products in the country. The NNPCL posted this via its verified Twitter handle on Thursday. The announcement came after the Nigerian regulatory agency...

Sanwo-Olu, SEC, NGX, IFC Renews Call For Gender-Focused Initiatives

The Governor, Lagos State, Mr Babajide Sanwo-Olu, the Securities and Exchange Commission (SEC), Nigerian Exchange Limited (NGX) and the International Finance Corporation (IFC) have all renewed calls for more gender-focused initiatives that will create increased opportunities for women in...

Guinea Insurance Plc: Five Years Of Profit Drought Worries Investors

Some investors in Nigerian quoted firms have expressed worry over the stream of losses that has trailed the business of Guinea Insurance Plc in the last five years. A study of the firm’s financial statements showed that it has recorded...

Expert Outlines Gains of CBN’s Exchange Rate Unification

The Director/CEO of Centre for the Promotion of Private Enterprise (CPPE), Dr Muda Yusuf, has commended the bold economic decisions of the newly inaugurated Bola Ahmed Tinubu administration, especially the unification of the Central Bank of Nigeria (CBN) exchange...

Nigeria Air: Multi-billion Naira Carrier Project Dogged by Rot, Scam, Impunity

It is no longer news that former President Muhammadu Buhari left office on May 29, 2023, after eight years, without delivering the national carrier or flag carrier, as some persons describe it, Nigeria Air. The carrier was among his...

CBN’s Naira Float Policy: Daily Market Turnover Rises 444% To $311m On I&E Window

June 17, (THEWILL) – Daily market turnover rose to $311.82 million Friday at the I&E forex window - two days after the Central Bank of Nigeria (CBN) announced the Naira floating policy, This represents a 444 percent surge from...