Business

NLC, TUC Agree To Suspend Industrial Action In Imo State

May 09, (THEWILL) – The national leadership of the Nigerian Labour Congress (NLC) and the Trade Union Congress (TUC) have jointly agreed to suspend their ongoing industrial action in Imo State, to pave the way for a peaceful...

FG Reopens Abuja Airport Runway After Max Air Plane Incident

May 09, (THEWILL) – The Minister of Aviation, Hadi Sirika, has confirmed that the Nnamdi Azikiwe Airport has been reopened for operations hours after an aircraft belonging to Max Air crash-landed on Sunday afternoon. The minister disclosed this in...

Saudi Aramco’s Q1 Profit Slips By 19% to $31.9bn

May 09, (THEWILL) – Saudi oil giant Aramco on Tuesday reported a first-quarter net income of $31.9 billion, down by 19% from the first quarter of 2022 as macroeconomic concerns dragged down oil prices between January and March...

Oil Prices Dip Ahead Of U.S. Inflation Data

May 09, (THEWILL) – Crude oil prices began Tuesday trade with a dip as traders brace up for the April inflation data, to be released on Wednesday, according to report by Oil Price.com The online oil business platform said...

CBN Gives Nod To Dollar-Denominated Loans By Foreign Banks

May 09, (THEWILL) – To improve forex liquidity, the Central Bank of Nigeria (CBN) has authorised foreign banks’ representatives in Nigeria to lend in dollars. To actualise this, the apex bank authorised the banks to work with their...

Otedola Allegedly Accuses Elumelu Of Backstabbing Him

May 09, (THEWILL) – Nigerian businessman Femi Otedola has allegedly accused the chairman of Transnational Corporation of Nigeria (Transcorp), Tony Elumelu, of backstabbing him repeatedly at his most vulnerable moments in business. Mr Otedola reportedly made the revelation in...

Max Air: Safety Agency Commences Investigation Into Abuja Airport Incident

May 09, (THEWILL) – The Nigerian Safety Investigation Bureau (NSIB) has commenced investigation into a serious incident involving a B737-400 with Nationality and Registration Marks 5N-MBD operated by Max Air, which occurred around 14:57 (Local Time) on May...

FMDQ Commemorates Quotation of Greenwich Merchant Bank’s Commercial Papers

May 08, (THEWILL) – FMDQ Securities Exchange Limited has announced the approval for the quotation of the Greenwich Merchant Bank Limited ₦12.20 billion Series 1 and Series 2 Commercial Papers (“CPs”) under its ₦100.00 billion CP Issuance Programme on...

African Airlines Record Cargo Volume Decline by 6.2% in March

African airlines saw cargo volumes decrease by 6.2% in March 2023 compared to March 2022. This was an improvement in performance compared to the previous month. While Africa to Asia routes experienced significant cargo demand growth in March, capacity...

Nigeria: Food Prices Maintain Upward Trend – NBS

Selected Food Price Watch for March 2023 shows that the average price of 1kg of Beef (boneless) stood at N2,479.61 in March 2023. This indicates a rise in price by 25.05% on a year-on-year basis from the price recorded...