Business

MTN Adopts NCC’s New Unified USSD Codes

The action is based on the Nigerian Communications Commission’s (NCC) approval of a Unified USSD codes for all mobile networks in Nigeria. And just in case you did not also know, from May 18, 2023, the only way to check...

Oil Rebounds on Fading Risk of US Debt Default

Oil prices rebounded on Friday from losses of more than 1% the previous day as investors turned cautiously optimistic over the fading risk of a U.S. debt default. Brent futures rose 59 cents, or 0.8%, to $76.45 a barrel...

China Weakness Spoils Risk Rally as US Futures Climb

Weakness in Chinese assets marred an otherwise positive day for markets as US equity futures and stocks across much of Asia pushed higher on encouraging signs from debt-ceiling talks in Washington. Hong Kong shares slid Friday in a decline...

New NDIC Board Chair Unveils Integrity Agenda

The newly appointed board chairman for the Nigerian Deposit Insurance Corporation, NDIC, Abdulhakeem Abdullateef, has said he would be prudent in the management of the agency’s resources. Mr Abdullateef disclosed this in a post in his verified Facebook account. The former...

Bank Lending to Oil Firms Hits N7tn – CBN

The combined bank lending to oil firms operating in the downstream and upstream subsectors of the Nigerian oil and gas industry was N6.62tn as of December 2022, according to data from the Central Bank of Nigeria. (CBN). While operators in...

Why And How Petrol Subsidy Must Go

For Nigeria to exit from the current fiscal crisis, create prosperity for its citizens and fulfill its obligations to them, we must end the decades-old drainpipe of petrol subsidy. There is no good time to do it. Postponing the...

Nigeria’s Active Mobile Subscriptions Declined To 225.8m In March – NCC

May 21, (THEWILL) - The Nigerian Communications Commission (NCC) has reported that telecommunication mobile services subscriptions in the country declined by 0.4 per cent to 225.8 million in March 2023 from the 226.8 million subscriptions recorded in the preceding...

Sanwo-Olu Commissions Innovation Lab Project

May 21, (THEWILL) - The Lagos State Governor, Babajide Sanwo-Olu, on Friday commissioned an innovation laboratory in Ikorodu. The innovation laboratory — SAIL (Senator Abiru Innovation Lab) was set up by Tokunbo Abiru, the Lagos East senator, and his wife,...

Over $50bn Oil Industry Projects Unveiled at NOGOF — Wabote

May 21, (THEWILL) - Oil and gas opportunities valued over $50 billion and projected to be developed within five years were showcased by international and indigenous companies at the 2023 Nigerian Oil and Gas Opportunity Fair (NOGOF) which ended...

Elumelu At 60: Journalists Hail Business Mogul’s Interventions In Nigeria’s Education Sector

May 21, (THEWILL) - A group of journalists has felicitated the Chairman of the United Bank for Africa (UBA), Tony Elumelu, on his diamond jubilee birthday anniversary, describing him as a selfless investor in Nigeria’s education sector. The group, under...