Business

Customs Intercept 553 Parcels of Cannabis Sativa in Seme

April 22, (THEWILL) – The Semé Command of Nigeria Customs Service said it intercepted 553 parcels of cannabis sativa worth N10 million with four suspects arrested alongside. The Customs Area Controller of Seme Customs, Comptroller Dera Nnadi disclosed...

NGX Confirms Listing of FG’s N1bn April Savings Bonds

April 22, (THEWILL) – The Nigerian Exchange Limited (NGX) has disclosed that the Federal Government has listed its April 2023 Savings Bonds worth ₦1.08bn on the nation’s bourse. The NGX which disclosed this in its weekly report on activities...

At Last, FG Concessions Onitsha Port

April 21, (THEWILL) – The federal government says it has successfully concessioned the Onitsha Port in Anambra state while discussions are ongoing for the concessioning of Baro and some other ports in the country. George Moghalu, managing director, National...

TCN Plunges Abia Into Indefinite Blackout

April 21, (THEWILL) – Most parts of Abia state have been thrown into unprecedented and indefinite darkness by the Market Operator, an arm of the Transmission Company of Nigeria (TCN). The incident, which occurred Friday morning (April 21), is...

Seplat Confirms Withdrawal of Immigration Lawsuit by FG

April 20, (THEWILL) - Seplat Energy disclosed on Thursday that the Nigerian government, through the Nigerian Immigration Service has called off the legal action launched against the company and some of its directors and officials. Seplat in a statement on...

Transcorp Confirms Otedola’s N5bn Share Acquisition

April 20, (THEWILL) - Transnational Corporation (Transcorp) Plc, has confirmed that Femi Otedola acquired a majority stake in the diversified investment company. Transcorp made the revelation in a corporate document filed with the Nigerian Exchange Limited (NGX) on Thursday, 20...

Access Holdings Plc Records Earnings Surge of 43% to N1.39trn

April 20, (THEWILL) - Access Holdings Plc has announced the release of its audited financial statements for the year ended 31st December 2022, showing a 43 percent surge in gross earnings to N1.39 trillion from N971.89 billion reported in...

Nigeria Did Not Default In Chinese Debt Obligations – DMO

April 20, (THEWILL) - The Debt Management Office (DMO) has debunked media reports that the Federal government has defaulted on its Chinese debt obligations. The DMO made the clarification on Wednesday, while reacting to media reports which suggested the default....

Electricity: Ibadan Tops In Estimated Billing Customers Amid Poor Supply

April 20, (THEWILL) - The Ibadan Electricity Distribution Company (IBEDC) has 1.3 million estimated billing customers – the highest in Nigeria, as the country grapples with perennially poor supply, according to data by the National Bureau of Statistics (NBS). Ibadan...

Anxiety As Nigeria Defaults In Debt Repayment To China

April 19, (THEWILL) – There is palpable anxiety among Nigerians following the revelation that the country has failed to service its debt to China which has accumulated to N110.31 billion in the last two years. According to a report by...