Business

Sub-Sahara: Economic Growth Drops to 3.1% in Nigeria, Others – World Bank

April 11, (THEWILL) – The World Bank has said that the growth rate in the economies of countries in Sub-Saharan Africa, including Nigeria, was sluggish in the first quarter of 2023. This fact is contained in the April 2023 edition...

Osinbajo Commissions CarbonVista Fund

April 10, (THEWILL) - Vice President Yemi Osinbajo has commissioned the CarbonVista Fund intended to solidify the agreement between the Nigeria Sovereign Investment Authority (NSIA) and Vitol S.A. The fund was commissioned on Monday, in the presence of Finance Minister,...

Retirement Benefits: PenCom Cautions Against Activities of Illegal Group

April 09, (THEWILL) - The National Pension Commission (PenCom) has warned members of the public against activities of an illegal group involved in unlawful activities concerning retired workers pension benefits. The group which goes by the name, Association of Pension...

Seplat: Court Vacates Own Order Sacking CEO Over Anti-Workers’ Conduct

April 09, (THEWILL) - The Federal High Court sitting in Lagos has vacated its interim order earlier restraining a Briton, Mr Roger Brown from parading himself as the Chief Executive Officer (CEO) of Seplat Energy Plc. Mr Brown, a...

Again, Fuel Subsidy Debacle And Nigeria’s Future

As an Albatross that it is, the controversial issue of removal or non-removal of fuel subsidy has once again come to the front burner of public discourse, heating up the Nigerian polity. As the nation inches to the date...

Group Decries Tampering With Public Facilities, Energy Theft, Debts In Abia

The South Eastern Zone of the Association of Electricity Consumers of Nigeria (AECN) has decried the rate of tampering with facilities that provide public power in Abia State, saying it is a key security threat. “Any serious threat to the...

More Nigerian Banks To Establish Offshore Subsidiaries

More Nigerian banks will soon commence effective offshore operations to actualise the licence granted them by the Central Bank of Nigeria (CBN) to establish offshore subsidiaries. Data from the CBN website showed that eight deposit money banks are licensed to...

Naira Among Worst Performing Currencies, Lose 10% Value in 2022 – World Bank

Nigeria’s local currency, Naira, lost 10.2 per cent of its value in 2022, emerging as fifth among Africa’s worst-performing currencies in 2022, a report by the World Bank has shown. In its latest Africa’s Pulse report for April 2023, the...

FMDQ Exchange Lists Dangote Industries N300bn Bonds

FMDQ Securities Exchange Limited has approved the listing of the Dangote Industries Funding PLC N187.58 billion Series 1 (Tranche A & B) and N112.42 billion Series 2 Senior Unsecured Bonds under its N300.00 billion Debt Issuance Programme on its...

NGX Re-Admits Sterling Bank As HoldingCo

The Nigerian Exchange Limited has re-admitted Sterling Bank Plc on its official trading list after the Tier 2 lender completed its ongoing transformation to a financial holdings company. As part of the processes for the transformation, trading in the shares...