Business

MTN’s Public Offer Oversubscribed By 139.3% As 126,720 Investors Acquire 661.25 Million Shares

February 01, (THEWILL) - The Series 1 offer for sale of 575 million shares held by the MTN Group in MTN Nigeria (the Offer), to Nigerian investors has been successfully completed. The Offer, implemented by way of a bookbuild to qualified...

SMEConnect Portal: How FirstBank Helps SMEs Thrive In Nigeria 

January 31, (THEWILL) - Small Medium Enterprises (SME) are the ultimate drivers of the economy, and when they are under-utilised and not given the much-needed support to thrive, it has an overriding effect on the overall growth and development...

NETCO Empowers 13 Youths In Iruland

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January 30, (THEWILL) - The National Engineering and Technical Company (NETCO, a subsidiary of the Nigerian National Petroleum Company (NNPC) Ltd,  has reiterated its commitment to empowering youths in its host community with vocational skills to enable them contribute to...

2023 General Election Will Increase Foreign Portfolio Outflows – Olubi

January 30, (THEWILL) - The Managing Director, Morgan Capital Securities Limited and an economic analyst, Mr Rotimi Olubi, has said that the 2023 general election will increase foreign portfolio outflows and cause investors to remain on the sidelines. Olubi said...

BEDC Commends Illah Community For Arresting Vandals

January 30, (THEWILL) - The Management of BEDC Electricity Plc. (BEDC) has commended Illah Community in Oshimili North Local Government Area of Delta State for its role in the arrest of electricity vandals, describing the rising cases of vandalism...

Domestic Airlines Struggle For Survival Amid Low Patronage, Cheap Airfares 

January 30, (THEWILL) - Despite numerous challenges, domestic airlines in Nigeria seem to be growing. As at 2021, there were about 10 to 12 aircraft on wet-lease to fill in the gap of the demands of the system then. A...

Anambra Airport: Air Peace, United Nigeria Passengers Pay N120m Taxes 

January 30, (THEWILL) - Passengers of two major air transport companies, Air Peace Airline and United Nigeria Airline paid a total of not less than N120 million tax and charges in using the new Anambra Airport in one month....

Chinese Group To Establish First BIV Aluminium Factory In Lagos

January 28, (THEWILL) - A group of Chinese business investors are in the country to establish a world-class first BIV aluminium factory in Lagos to help curb the high rate of fake aluminium products. According to the promoters...

CBN Retains Monetary Policy Rate At 11.5%

January 25, (THEWILL) - The monetary policy committee of the Central Bank of Nigeria (CBN), has voted to retain the monetary policy rate (MPR), which measures interest rate at 11.5 percent. The monetary policy rate is the baseline interest rate in...

Dangote Maintains Rank As Forbes’ Richest Man In Africa

January 25, (THEWILL) - For the 11th year in a row, the president of Dangote Industries Limited, Aliko Dangote, has topped the 2022 list of Africa’s richest persons, Forbes magazine said in a report. Dangote’s wealth jumped from $12.1 billion...