Business

Resolving the Forex Challenge of Manufacturing Companies

August 22, (THEWILL) - JOSEPH ABANG highlights the imperative of meeting the forex needs of manufacturing companies amid changing monetary policies of the Central Bank of Nigeria (CBN) There is a peculiar challenge facing Nigeria’s economy. It is crystal clear. The...

Petroleum Industry Act: Dispensing Cash, Controversy, Amid Uncertainties

August 22, (THEWILL) - The Petroleum Industry Bill (PIB) recently signed into law, has triggered mixed reactions among stakeholders who are directly or indirectly affected by the legislation.  They point to the rain of cash and web of controversy they...

CBN Hammers Microfinance Banks Encroaching On ‘Wholesale Banking’

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August 21, (THEWILL) - The Central Bank of Nigeria (CBN) says it will sanction microfinance banks (MfBs) found to be engaged in activities that are beyond their mandate of non-wholesale banking. The CBN explained in a circular to all MfBs...

FirstBank Unveils FirstMobile App

August 18, (THEWILL) - In line with its commitment to offer convenient banking services to customers, FirstBank, Nigeria’s most valuable banking brand has again reassures customers of quality services with its value-added products - FirstMobile. FirstMobile is the official mobile...

Sterling Bank Reports N5.7bn PAT in H1 2021

August 18, (THEWILL) - Despite the prevailing difficult macro-economic environment, Sterling Bank Plc, , has reported a profit after tax (PAT) of N5.691 billion for the first half of 2021. This was achieved on gross earnings of N68.609 billion for the...

VAT: CITN Reacts To Rivers Court Judgment

August 18, (THEWILL) - The Chartered Institute of Taxation of Nigeria (CITN) has reacted to the recent judgment of the Federal High Court, Port Harcourt, declaring as unconstitutional the collection of the Value Added Tax (VAT) by the Federal Government...

AMCON Debunks Take-Over Bid Of Dangote Refinery

August 18, (THEWILL) - The Assets Management Corporation of Nigeria (AMCON) has declared as false a recent newspaper publication that it mulls taking over the Dangote Refinery over debts owed by the Dangote Group to banks. Leadership reports that some online...

Statistics Bureau Says Nigeria’s Inflation Dropped By 0.37% In July

August 17, (THEWILL) - The Consumer Price Index (CPI), which measures inflation dropped to 17.38 per cent (year-on-year) in July, compared to 17.75 per cent in the preceding month, the National Bureau of Statistics (NBS) said on Tuesday. This represents a...

Making A Retreat From The Equity Market

August 16, (THEWILL) - Lack of benefits is forcing many companies to have a second thought concerning listing on the Nigerian Exchange, writes MIKE UZOR Nigerian Exchange’s (NGX) two delisting windows have become busy of late. On the one hand, the...

Assessing $126bn Loss In Global Aviation Industry

August 15, (THEWILL) - The aviation industry witnessed the worst fortune in 2020 across the globe. ANTHONY AWUNOR x-rays the unusual development which led to the huge losses suffered by operators and other stakeholders in terms of money and business...