Business

Afreximbank Closes Successful $1.3 Billion Bond

BEVERLY HILLS, May 18, (THEWILL) - The African Export-Import Bank (Afreximbank) has closed a US$1.3 billion dual tenor bond issuance, being its largest-ever transaction in the international debt capital markets. Afreximbank, in a statement released on Tuesday, said it printed...

Declining Oil Revenue: Time for Purposeful Agric Sector Reforms

BEVERLY HILLS, May 16, (THEWILL) - The challenges arising from Nigeria’s over-dependence on oil have brought to the fore the urgent need to diversify the economy through agriculture as the nation’s revenue challenge worsens. The talks about agriculture sector...

Cape Town Treaty: Nigeria’s Exclusion from Benefits Worries Experts

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BEVERLY HILLS, May 16, (THEWILL) - Experts and stakeholders in the aviation industry have explained Nigeria’s exclusion from the benefits of the Cape Town Convention, a treaty that offers tremendous operational and financial benefits to member operators. They advise...

FMDQ Exchange Admits Coronation Merchant Bank’s Commercial Papers

BEVERLY HILLS, May 11, (THEWILL) - FMDQ Securities Exchange Limited has approved the quotation of the Coronation Merchant Bank Limited ₦0.71 billion Commercial Papers (CP). The CPs consist of Series 13 and ₦14.13 billion Series 14 Commercial Papers (CPs) in March...

Mutual Funds Record N1.6tn Asset In 2020

BEVERLY HILLS, May 10, (THEWILL) - The Mutual Fund Industry made a progressive impact on the economy in 2020, garnering a total asset of N1.6 trillion, a 50 percent increment from the previous year. The growth recorded is only 14 per...

COVID-19 Tests:  Air Travellers Bemoan Exorbitant Charges

...Fake Certificates on The Rise BEVERLY HILLS, May 10, (THEWILL) - Travellers on international flights are lamenting the exorbitant cost of COVID-19 tests at the nation’s airports as fake test certificates are said to be in circulation, thereby defeating the...

IGR, Taxation: Plateau Embarks On Learning Curve

BEVERLY HILLS, May 10, (THEWILL) - Plateau State governor, Simon Lalong, recently signed the Plateau State Revenue (Consolidation) Law, after which he led the government officials into the academics of the enabling law and the ‘public sector strategic engagement...

Forex Scarcity As Vampire Sucking Economy Dry

BEVERLY HILLS, May 10, (THEWILL) - The persistent scarcity of foreign exchange in the country is largely responsible for the multiple exchange windows, an anomaly that is impacting severely on the economy.  The foreign exchange channels include the official, investors...

Access Bank South Africa Is Born

BEVERLY HILLS, May 05, (THEWILL) - Following the completion of all regulatory procedures, South Africa’s Grobank Limited has been officially renamed Access Bank South Africa Limited. The deal was finalised after Access Bank’s acquisition of controlling shares in the former...

FG’s Borrowing Spree Signals Rally in Low Interest Environment

...As Stock Market Gets Set For Bearish Trend BEVERLY HILLS, May 02, (THEWILL) – The yawning appetite of the Federal Government for borrowing will most likely ignite a rally in the low interest environment in the year. This will also...