Business

Revisiting NAMA’s Quest For COVID-19 Recovery Strategy

BEVERLY HILLS, May 30, (THEWILL) – ANTHONY AWUNOR looks at the Nigeria Airspace Management Agency’s approach to sustaining a long term COVID-19 recovery plan Globally, the aviation industry has been reported as one of the sectors that was hardest-hit by the...

TrustBanc Holdings  Quotes Maiden CP Series on FMDQ Exchange

BEVERLY HILLS, May 30, (THEWILL) – FMDQ Securities Exchange Limited, through its Board Listings and Markets Committee, has approved the quotation of the TrustBanc Holdings Limited ₦0.20 billion Series 1 Commercial Paper (CP) under its ₦10.00 billion CP Issuance Programme...

Investor Canvasses N900m For Restart of Sanitary Wares Production

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BEVERLY HILLS, May 30, (THEWILL) – For a complete overhaul and turn-around maintenance that would ensure commencement of operations at the defunct Quality Ceramics Limited at Ikot Ebom Itam, Itu local Government Area of Akwa  Ibom State, a stakeholder has said...

CBN Intervention Funds Boost Capacity for AfCFTA

...Spotlight on Roles of  BOI, SON BEVERLY HILLS, May 30, (THEWILL) – It has been established that the African Continental Free Trade Area (AfCFTA) agreement will unlock significant growth opportunities in Nigeria; then flow into the wider continental window.  However, the benefit...

NNPC Reports N39.85bn Surplus For February 2021

BEVERLY HILLS, May 28, (THEWILL) – Nigerian National Petroleum Corporation (NNPC) has declared ₦39.85 billion trading surplus for the month of February 2021 representing a massive 314.24 percent leap from the ₦9.62 billion surplus it recorded in January 2021. This is...

Amazon Acquires MGM For $8.45bn, Nearly $3bn Over Estimated Value

BEVERLY HILLS, May 26, (THEWILL) – Amazon said Wednesday that it struck a deal to acquire the historic movie studio, Metro Goldwyn Mayer (MGM), for $8.45 billion, bolstering its efforts to become a top player in Hollywood. The deal will give...

Kuda Bank Boosts $37m Financing Deal For Initial Investors

BEVERLY HILLS, May 26, (THEWILL) – Following the recent announcement of a $37 million Series A Financing Round, Kuda Bank, the Africa-focused challenger bank, says it is offering early investors an opportunity to exit their investment via a secondary sale. One...

ByteDance And TikTok Boss Quits

BEVERLY HILLS, May 25, (THEWILL) – Zhang Yiming, one of the co-founders of TikTok, has stepped down as CEO of ByteDance, the Parent company of popular app, TikTok. The move represents the biggest corporate upheaval at ByteDance since its launch in...

BREAKING: CBN Retains MPR At 11.5%

BEVERLY HILLS, May 25, (THEWILL) – The Monetary Policy Committee (MPC), of the Central Bank of Nigeria (CBN), has voted unanimously to retain the Monetary Policy Rate (MPR) at 11.5 percent. It also retained the Cash Reserve Ratio and Liquidity Ratio...

CBN Officially Devalues Naira By N31.25, Fixes Exchange Rate At N410.25 To $1

BEVERLY HILLS, May 25, (THEWILL) – The Central Bank of Nigeria (CBN) has officially made the NAFEX Investor and Exporter forex window rate of N410.25 as its official exchange rate to the dollar. It confirmed this new official rate on its...