Business

MAN Condemns Invasion of Dangote Cement Plant by Kogi State Govt

The Manufacturers Association of Nigeria (MAN) has strongly condemned the invasion of Dangote Cement Plant on Wednesday by the state’s security outfit, the Vigilantes, on the order of the State Governor Yahaya Bello, noting that such action will discourage...

Zenith Bank: Investors Predict Robust Growth in Q3

As Nigeria’s deposit money banks finalise the process of publishing their third quarter reports, investors are confident that Zenith Bank Plc will report an impressive result that would confirm its industry leadership status. The assertions are based on...

African Airlines Record 69.5% Rise in Passenger Traffic

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A new data released by the International Air Transport Association (IATA) has shown that airlines experienced a 69.5 per cent rise in August as measured in Revenue Passenger Kilometers (RPKs) versus a year ago. The report showed that while there...

2023 Budget: Revenue Challenge Thickens, Puts Private Sector on Edge

The 2023 budget estimate of N20.51 trillion presented to a joint session of the National Assembly by President Muhammadu Buhari on Friday, October 7, 2022 showcased a spending plan that would be confronted with revenue challenges. It also puts...

Glo Unveils Banking Payment Platform

October 7 (THEWILL) - Globacom has unveiled a banking payment service platform called MoneyMaster PSB, to serve the unbanked and underbanked in Nigeria. In a statement on Friday, Glo said the PSB commenced commercial operations on May 30, 2022, while MoneyMaster...

Disbursement To Real Sector Hits N2.1trn – CBN

October 06, (THEWILL) - On Thursday, the Central Bank of Nigeria (CBN) said cumulative disbursements under the Real Sector Support Facility (RSSF) currently stand at N2.1 trillion. CBN spokesman, Osita Nwanisobi, made the disclosure at the ongoing 17th Abuja International Trade...

NCDMB Begins Customer Service Week in Grand Style

October 6, (THEWILL) – It was a blaze of colour at the Nigerian Content Tower, Swali, Yenagoa, Bayelsa State as Management and staff of the Nigerian Content Development and Monitoring Board (NCDMB), marked Day 1 of Customer Service Week...

MENA Economies Grow By 5.5% But Benefits Are Uneven

October 6, (THEWILL) – The economies of the Middle East and North Africa (MENA) region are expected to grow by 5.5% this year —the fastest rate since 2016—followed by a slowing of growth to 3.5% in 2023. Yet this...

Mark Zuckerberg Makes N437bn, Amid Nigerian Govt. Lawsuit Against Meta Platforms

October 5, (THEWILL) – Reports say that Mark Zuckerberg’s wealth grew on Tuesday, October 4, 2022 by 2.08 percent amid a faceoff between his company, Meta Platforms and the Nigerian government over unapproved advertisements targeting Nigerian audiences. Zuckerberg’s net...

Russian Invasion of Ukraine Impedes Post-Pandemic Economic Recovery in Emerging Europe and Central Asia

October 4, (THEWILL) – The ongoing war in Ukraine has dimmed prospects of a post-pandemic economic recovery for emerging and developing economies in the Europe and Central Asia region, says the World Bank’s Economic Update for the region, released...