Business

World Bank Predicts Decline In Global Economic Prospects

January 11, (THEWILL) - After a strong rebound in 2021, the global economy will experience “a pronounced slowdown” this year amid fresh threats from Covid-19 variants and a rise in inflation, debt, and income inequality, the World Bank has warned. In...

Cloud-Based Technology Critical To Economic Recovery – Williams

January 09, (THEWILL) - Cloud-based technology has been described as a critical tool for economic recovery. According to Microsoft Country Manager for Nigeria, Ola Williams, cloud-based technology will play a critical role in enabling inclusive economic recovery, with SMBs able to...

BUA Foods Lists 18bn Ordinary Shares on NGX Main Board

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January 09, (THEWILL) - The Nigerian Exchange Limited (NGX) has announced the listing by introduction of BUA Foods Plc on the Main Board of The Exchange on Wednesday, 5 January 2022. A total of 18 billion ordinary shares of BUA...

FCMB Partners Ogun On Subscribers’ Loan For Housing Schemes    

January 09, (THEWILL) - First City Monument Bank has concluded plans to partner with the Ogun State Government to provide loans for interested subscribers in the state’s housing schemes. The Group Chief Executive of the bank, Mr  Ladi Balogun, disclosed this when...

ABCON Asks CBN To De-risk BDCs Operations

January 09, (THEWILL) - The Association of Bureaux De Change Operators of Nigeria (ABCON), an umbrella body for over 5,3000 Central Bank of Nigeria (CBN)-licenced Bureaux De Change (BDCs) has advised the apex bank to de-risk BDCs operations to allow...

New Airlines, Aircraft Deals, Concession to Shape Aviation in 2022

January 09, (THEWILL) - 2021 was an eventful year in the aviation sector. In this report, ANTHONY AWUNOR previews industry activities that will shape 2022 From all indications, 2022 will be quite exciting for aviation in Nigeria, with  expected new entrants in...

2022 Budget: Doubts Over Capacity to Lift Economy

January 09, (THEWILL) - President Muhammadu Buhari on December 31, 2021 signed into law the 2022 budget of N17.12 trillion passed by the National Assembly. The lawmakers had jerked up the budget by N731 billion from the N16.39 trillion originally...

FG Imposes N10 Tax On Soft Drinks, Carbonated Beverages

January 05, (THEWILL) - The Federal Government has announced an additional N10 excise duty tax on per litre of all non-alcoholic, carbonated and sweetened beverages. Minister of Finance, Budget and National Planning, Zainab Ahmed, said the tax was introduced by the...

CBN’s Intervention In Best Interest Of Stakeholders – FirstBank MD/CEO

January 05, (THEWILL) - The Managing Director/Chief Executive Officer of First Bank Nigeria Limited, Dr Adesola Adeduntan, has said that the intervention of the Central Bank of Nigeria (CBN) in FirstBank is in the best interest of the bank’s stakeholders...

Ogun Will Assume Oil Producing Status Soon – Gov. Abiodun

January 02, (THEWILL) - Governor Dapo Abiodun of Ogun State has stated that his administration is working towards ensuring that the state takes advantage of its oil rich deposit and becomes an oil producing state. Abiodun disclosed this during the...