Business

August 05, (THEWILL) - Oil prices tumbled towards $70 a barrel on Thursday as more countries imposed fresh movement restrictions to counter a surge in COVID-19 cases. Japan is poised to expand emergency restrictions to more prefectures, while China, the world’s second-largest...

August 03, (THEWILL) - The Central Bank of Nigeria (CBN) on Tuesday issued new guidelines for the establishment and regulation of Payments Service Holding Companies (PSHCs) in Nigeria. The apex bank, in a circular issued by its Director, Payments System...

August 02, (THEWILL) - The Development Bank of Nigeria (DBN) has disbursed N215.1 billion in loans to about 136,000 Micro, Small and Medium Enterprises (MSMEs) in Nigeria. DBN, in a statement after Agusto and Co rated the bank ‘AAA’, said it...

August 02, (THEWILL) - The Honourable Commissioner for Economic Development and Ibom Deep Seaport in Akwa Ibom State, Akan Okonin, gives an insight into the development strides of the Udom Emmanuel administration in this interview with UDEME UTIP. Excerpts: Industrialisation...

August 01, (THEWILL) - For many years, Nigeria’s Aviation industry has witnessed a lot of changes, in terms of management, policy and regulation. The industry has also faced several challenges, just as experienced in other countries of the world, the...

August 01, (THEWILL) - The turbulence in the Nigerian foreign exchange (forex) space on July 27, 2021, has created ripples. The effects would reverberate through the second half of the year. The Central Bank of Nigeria (CBN) wielded the big...

July 31, (THEWILL) - The Nigerian Aviation Handling Company Plc, NAHCO Aviance, has again delighted its shareholders by paying a gross dividend of 12.50 kobo per ordinary share of 50 kobo each, amounting to N203 million. This was announced by...

July 30, (THEWILL) - The US Development Finance Corporation (DFC) has committed nearly $2 billion in financing for projects in Africa in the first half of 2021; and it also aims to close another $500 million or more by...

July 29, (THEWILL) - The Central Bank of Nigeria (CBN) has directed Deposit Money Banks (DMBs) to set up teller points in designated branches for the sale of Foreign Exchange (forex) to Nigerians. THEWILL reports that the directive followed CBN’s...

July 28, (THEWILL) - The total value of capital importation into Nigeria dropped by 54.06 percent to  $875.62 million in the second quarter of the year (Q2 2021)  from $1.91 billion in the preceding quarter. This also represented a contraction of 32.38 percent when...