Business

Update: Monetary Policy Rates Retained As CBN Stops Sale Of FOREX To Bureau De Change, Suspends Issuance of New Licences

July 27, (THEWILL) - The Central Bank of Nigeria (CBN) will no longer sell foreign exchange to Bureau De Change (BDC) operators in the country. Additionally, the apex bank has also discontinued the issuance of new licences to new entrants...

NETCO Posts N3.37bn Profit For 2020

July 25, (THEWILL) - The National Engineering and Technical Company (NETCO), a subsidiary of the Nigerian National Petroleum Corporation (NNPC), has reported a profit before tax of N 3.37 billion for the year ended Dec. 31, 2020. Mr Adeyemi Adetunji ,...

Dangote Cement Becomes Pacesetter in IFRS Taxonomy

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July 25, (THEWILL) - Dangote Cement has become the first Nigerian listed company to report its financial results using IFRS taxonomy. The highly capitalised firm announced that its financial information has been made available to investors in Xtensible Business Reporting Language...

NSC: Jime and The Task Ahead

July 25, (THEWILL) - For the ports economic regulator, it is indeed a new dawn. The local slogan is: “government come, government go” in what describes change in every bureaucratic setting of the public service. Over a month ago, Barr...

How Emission Tax is Killing Global Aviation Industry

July 25, (THEWILL) - The International Air Transport Association (IATA) has warned that the reliance on taxation as the solution for cutting aviation emissions in the European Union’s ‘Fit for 55’ proposal is counter-productive to the goal of sustainable aviation. IATA...

Pension: 63% Contributors Unhappy With Scheme – Survey

July 25, (THEWILL) - Notwithstanding the glowing encomiums passed on Nigeria’s reformed Contributory Pension Scheme (CPS) by experts and stakeholders, a recent survey by this newspaper has revealed that 63 percent of those contributing to the scheme are unhappy with...

CBN On Nigerian Banks: No Cause For Alarm At All

July 24, (THEWILL) - The Central Bank of Nigeria (CBN) has reiterated the resilience, safety and soundness of Nigerian Deposit Money Banks (DMBs) as well as other financial institutions under its supervision. The apex bank gave the assurance ahead of...

Bayelsa Markets Economic Potentials To Visiting South Korea Envoy

July 23, (THEWILL) – South Korea’s Ambassador to Nigeria, Mr. Kim Young-Chae, has said that Korean companies would invest in the agricultural sector and other areas to boost Bayelsa State's economy. The envoy stated this at an exhibition tagged: "Made...

US Launches WELTI Initiative For Business Women In Middle East, Africa 

July 22, (THEWILL) - US Deputy Assistant Secretary (DAS) of Commerce for Middle East and Africa Camille Richardson has launched the Women Empowered Leave Legacies through Trade and Investment (WELTI) Initiative. A Press Release issued by the United States Consulate...

Unilever Profits Nosedive

July 22, (THEWILL) - The British consumer goods group, Unilever, on Thursday posted a drop in first half net profit due to rising costs. Profit after tax dropped 5 percent to 3.12 billion euros ($3.68 billion) in the first six...