Business

Tax: Anambra Sends Demand Notices To Residents Via Text Messages

April 24, (THEWILL) - The Anambra Internal Revenue Service (AIRS), says it has sent tax demand notices to state indigenes and residents through text messages. The head, public relations unit, Personal income tax of the Service, Sylvia Ngige, disclosed this...

Basic Food Items Record 40% Hike – NBS

April 24, (THEWILL) - The National Bureau of Statistics (NBS), has said that prices of some basic food items in Nigeria increased by 40 percent as of February 2022 year-on-year. According to the statistics bureau, the average...

Africa Must Prepare For Inevitability Of Global Food Crisis – Adesina

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April 24, (THEWILL) - President of the African Development Bank Group (AfDB), Mr Akinwumi Adesina, has said that Africa must prepare for the inevitability of a global food crisis. He was speaking about Africa’s priorities as a guest at the Atlantic...

World Bank, IMF To Expedite Execution Of G20 Debt Relief For Nigeria, Others

April 24, (THEWILL) -  The World Bank and the International Monetary Fund (IMF), have disclosed plans to fast track the implementation of the G20 debt relief scheme. The announcement was made at the 2022 Spring Meetings of the World Bank-IMF in...

Cooking Gas Price Rises By 83% In One Year – NBS 

April 22, (THEWILL) - The average retail price of Liquefied Petroleum Gas (LPG) also known as cooking gas, increased by 83.62 percent from N2057.71 in March 2021, the National Bureau of Statistics (NBS), disclosed in its report released on Friday. According...

CBN Won’t Float Naira – Emefiele

April 22, (THEWILL) - The Central Bank of Nigeria (CBN) says it cannot float the naira to avoid an exchange rate spiral. “Let me say that Nigeria is on a managed float. What that also means is that we cannot...

Emefiele Reiterates Commitment To Effective Forex Demand Management

April 22, (THEWILL) - The Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele, has reiterated the bank’s commitment to effective management of foreign exchange (forex) demand, to ensure appropriate allocation to priority areas that would support the growth...

Local Content @ 12: Capacity Building Remains Game-Changer

On April 22, 2010, Dr Goodluck Jonathan, then Nigeria’s Acting President, signed into law the Local Content Bill 2010 (now Act), a piece of legislation designed to increase participation of Nigerian ventures and workforce in the oil and gas...

Govt Financial Pressure Could Endanger Nigerian Banks – IMF

April 20, (THEWILL) - The International Monetary Fund has raised concerns about a potential “doom loop” for Nigeria and other emerging economies, noting that government financial pressure could endanger the over-stretched banks and squeeze them even further. The Washington-based lender has,...

Access Bank Excites Businesses With Online Account Opening Platform

April 19, (THEWILL) - Nigeria’s largest lender in the SME space, Access Bank Plc, has unveiled an online account opening platform for unregistered businesses. The online account opening platform is a paperless and seamless digital process, which allows customers to register...