Business

Dangote Refinery Presents Growth Opportunities For Nigerian Economy – LCCI

With just a few days to the inauguration of Dangote Refinery, the Lagos Chamber of Commerce and Industry (LCCI) has lauded the efforts of its visioner, Aliko Dangote, and the Federal Government of Nigeria (FGN)’s support in berthing the...

PH Refinery: Buhari Fails on Q1 Delivery Target

President Muhammadu Buhari has failed to meet the deadline for the rehabilitation of the Port Harcourt Refinery which was set for the first quarter of 2023. The President had, through multiple sources promised, reassuringly, that the rehabilitation of the...

Cadbury Nigeria: FY 2022 Results Mirror Growth That Excites Shareholders

Cadbury Nigeria’s full year in 2022 shows a growth trajectory that would impress the shareholders who have waited long for a return to the good old days. After a stint at the low rungs of corporate stairs, the...

Misplaced Reactions to NASS Approval of N22.7trn Ways And Means Loan

The approval given recently by the National Assembly on the Ways and Means Finance, which has lingered since 2022 when it was submitted by the Executive, has generated some controversies. The approval was stood down, we were told, because the...

Telcos To Disconnect Banks Over N120bn USSD Debt

May 13, (THEWILL) – The Association of Licenced Telecommunications Operators of Nigeria (ALTON), has announced plans to disconnect Deposit Money Banks (DMBs) if they fail to pay the debt owed to operators for Unstructured Supplementary Service Data (USSD) services,...

Otedola Offloads 2.8m Geregu Power Shares

May 11, (THEWILL) – The chairman of Geregu Power Plc, Femi Otedola, has sold 2.8 million units of his shares in the power generation company, where he is holding the majority stake. According to data from the Nigerian Exchange, Otedola...

Immigration Boss Blames CBN For Scarcity Of Passport Booklets

May 11, (THEWILL) – The Nigeria Immigration Service (NIS) has blamed the Central Bank of Nigeria (CBN) for the scarcity of international passport booklets in the country. The Comptroller-General (C-G) of NIS, Idris Jere, complained that the foreign exchange (forex)...

China’s Trade Surplus Soars To $90.21bn In April

May 11, (THEWILL) – China’s trade surplus rose to $90.21 billion in April, according to data by CNY News published Tuesday. The news outlet, which also publishes the USD/CNY exchange rate, stated that the rise in China’s trade figures...

Otedola-Elumelu Feud Deepens Amid Stunning Revelations

May 10, (THEWILL) – What began like a humming narrative has snowballed into a stunning explosive as facts have emerged that the recent feud between Nigeria’s business tycoons, Femi Otedola, executive chairman, Geregu Power Plc,  and Tony Elumelu, chairman,...

UPDATED: Export Proceed Repatriation Rose 40% to $5.6bn in 2022 – CBN

May 09, (THEWILL) - The Central Bank of Nigeria (CBN) has said that proceeds of non-oil exports repatriated under the RT200 programme increased by 40 percent to $5.6 billion in 2022 as against $3.0 billion in 2021. This was...