Business

Global Financial Crisis: Chinese Leader Fingers ‘Excess Chase Of Profit’ At World Economic Forum

BEVERLY HILLS, January 25, (THEWILL) - China’s President, Xi Jinping, has blamed what he called excess chase of profit by financial players and a great failure of appropriate regulation for the global financial crisis that has plagued the world...

Budget Funding: Stakeholders Endorse Planned Sale Of National Assets

BEVERLY HILLS, January 24, (THEWILL) - As the debate on how best the federal government can finance the funding gap in the 2021 budget, without creating more economic problems than it plans to solve rages, some stakeholders in both...

Unilever Nigeria Posts N1.59bn Loss In 2020

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- As Stakeholders Bemoan Gloomy Outlook BEVERLY HILLS, January 24, (THEWILL) - Unilever Nigeria Plc, a leading consumer goods company, recorded N1.59 billion post-tax loss in 2020, representing 62.3 per cent lower than the N4.22 billion reported in the preceding...

Telecom: 53,460 3G, 4G BTS Deployed In Nigeria – NCC

BEVERLY HILLS, January 23, (THEWILL) - The Nigerian Communications Commission (NCC) has said that a total of 53,460 third-generation (3G) and fourth-generation (4G) base transceiver stations (BTS) have been deployed in Nigeria in the last five years. Prof. Umar Danbatta, Executive...

CBN Bars Exporters With Unrepatriated Export Proceeds From All Banking Services

BEVERLY HILLS, January 23, (THEWILL) - The Central Bank of Nigeria (CBN) has instructed that all exporters with unrepatriated export proceeds should be barred from accessing all banking services by 31st January 2021. The CBN gave the directive in a circular...

Equity Market Maintains Bullish Trend As Investors Lose N51bn

BEVERLY HILLS, January 22, (THEWILL) - The divergence in the Nigerian Stock Exchange (NSE) settled on Friday on a negative note as the NSE-ASI depreciated by -0.24 per cent to close at 41,001.99 basis points as against -0.12 per...

Diaspora Remittances: CBN Vows To Sanction Errant Operators

BEVERLY HILLS, January 22, (THEWILL) - The Central Bank of Nigeria (CBN) has vowed to sanction international money transfer operators (IMTOs) still paying diaspora remittances in the local currency, Naira. The bank had in December 2020 directed that IMTOs and...

FG, CBN Unveil Job Exit Strategies For N-Power Beneficiaries

BEVERLY HILLS, January 21, (THEWILL) - Former beneficiaries of the N-Power scheme can now access job opportunities created for members of the scheme, the federal government has announced. Minister of Humanitarian Affairs, Disaster Management and Social Development, Hajiya Sadiya Umar Farouq,...

Buhari Re-Appoints Hadiza Usman As NPA MD, Approves Board Members For NPA, TCN

BEVERLY HILLS, January 21, (THEWILL) - President Muhammadu Buhari on Thursday, approved the re-appointment of Hadiza Bala Usman as Managing Director of Nigerian Ports Authority (NPA), for an additional five-year tenure. A statement by Special Assistant to the President on...

Allocation: FG, States, LGs Share N619.3bn For Dec. 2020

BEVERLY HILLS, January 21, (THEWILL) - The Federal Government, States and Local Government Councils (LGCs) have shared N619.343 billion as federal allocation for December 2020. Director of Information, Ministry of Finance, Budget and National Planning, Hassan Dodo, who made this...