Business

Danbatta Receives APPON Award, Assures of Broadband Support for e-Procurement

June 14, (THEWILL) - The Association of Public Procurement Practitioners of Nigeria (APPON) has conferred the Executive Vice Chairman and Chief Executive Officer of the Nigerian Communications Commission (NCC), Prof. Umar Danbatta, with the “Excellent Service Delivery and Accountability...

ExxonMobil Appoints New Vice Chairperson For Nigerian Affiliates

June 14, (THEWILL) - ExxonMobil has appointed Adesua Dozie as the new vice chairperson for its Nigerian affiliates Mobil Producing Nigeria Unlimited (MPN) and Esso Exploration and Production Nigeria Limited (EEPNL). The appointment takes effect from 12 June, ExxonMobil said...

TotalEnergies Announces Oil, Gas Discovery Offshore Nigeria

June 14, (THEWILL) - TotalEnergies announced Tuesday the discovery of Ntokon oil and gas on OML102 offshore Nigeria. The company, in a statement published on its website, said the well is located in shallow waters, 60 km off the southeast...

Access Bank Sets the Pace, Launches First Issuance of American Express Cards in Nigeria

June 14, (THEWILL) - In maintaining its leadership status as Nigeria’s most innovative bank, Access Bank (https://www.AccessBankPlc.com/) has unveiled two new consumer credit cards: the Access Bank American Express Gold Card and the Metal Platinum Card. These are the...

Nigeria Rakes in N709bn From VAT in Q1 2023 – NBS

June 14, (THEWILL) - The federal government generated N709.59 billion as Value Added Tax (VAT) in the first quarter of 2023, National Bureau of Statistics (NBS) on Tuesday. The bureau disclosed this in its “Sectoral Distribution of Value Added Tax”...

FIRS, LIRS Issue Public Notice on Joint Tax Audit, Investigation

The Federal Inland Revenue Service (FIRS) and the Lagos Internal Revenue Service (LIRS) have issued a public notice regarding the Memorandum of Understanding (MoU) signed by both agencies on February 6, to establish a Joint FIRS and LIRS Audit...

Nigeria Plans to Surpass OPEC Oil Quota

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says its focus is to exceed the Organisation of Petroleum Exporting Countries (OPEC)’s oil production quota of 1.74 million barrels per day (bpd). Its Chief Executive, Gbenga Komolafe, made the assertions shortly after...

Telecom Sector Contributes N2.5trn to Nigeria’s GDP

The Nigerian Communications Commission (NCC) has said that telecommunications and Information Services sector in Nigeria has, in the first quarter 2023, delivered a handsome N2.508 trillion in terms of financial value contribution to the nation’s gross domestic product (GDP),...

Equities Market Gained N67bn in Week of June 5-9

Equities market closed Friday with market capitalisation of N30.45 trillion as against N30.38 trillion recorded at the close of the first week’s day trading on Monday. The NGX All Share Index (ASI) also followed the same trend: 55,930.97 and...

Abuja Chamber Of Commerce To Host AfritradeB2B Conference

June 11, (THEWILL) - In line with the African Continental Free Trade Area (AFCFTA) framework to deepen economic integration and enhance business relationships in the continent, the Abuja Chamber of Commerce in conjunction with CMD Tourism and Trade Enterprises...