Business

CBN’s COVID-19 Fiscal, Monetary Policies Have Been Beneficial – Nnamdi Okonkwo

SAN FRANCISCO, December 13, (THEWILL) - Nnamdi Okonkwo, the outgoing Managing Director/Chief Executive Officer of Fidelity Bank has revealed that the banking industry has been positively impacted by the fiscal and monetary actions taken by the Central Bank of...

Nigeria’s Oil Exports Rose By 56% In Q3 2020

SAN FRANCISCO, December 13, (THEWILL) - Nigeria more than doubled its crude oil exports in the third quarter of 2020 to N2.42tn according to data obtained from the National Bureau of Statistics (NBS). After months of struggling to find buyers...

Nigerian Equity Market Drops By 2.5% This Week

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BEVERLY HILLS, December 12, (THEWILL) - After enjoying bullish trend last week, the Nigerian equity market declined 2.5% this week, thanks to losses by Dangote Cement, WAPCO, and Zenith Bank. The All-Share Index shed 2.5% w/w to settle at 34,250.74...

Ferrari CEO, Louis Camilleri, Resigns

SAN FRANCISCO, December 12, (THEWILL) – Louis Camilleri has resigned his position as Chief Executive Officer of Ferrari. Camilleri stunned Ferrari and the automobile racing community by resigning after less than two and a half years in the role. The...

CBN Releases New Categorisation For Payment System

SAN FRANCISCO, December 11, (THEWILL) - The Central Bank of Nigeria (CBN), in line with its commitment to promote a strong and credible payment system, has approved new license categorisations for the payments system. A circular signed by the Director,...

CBN Boosts Market Liquidity with N4.1trn Special Bills

SAN FRANCISCO, December 11, (THEWILL) - The Central Bank of Nigeria (CBN), has sold N4.1 trillion worth of the instrument in the money market following last week’s introduction of 90-day special bills. The instrument is expected to avail the monetary authority...

Naira Maintains Stability, Exchanges For N474/$

SAN FRANCISCO, December 11, (THEWILL) - The Naira exchanged to the Dollar in the parallel market at N474/$ on Thursday. The naira which recorded slight improvement in recent days maintained stability as it closed at the Importer & Exporter forex window...

France Fines Google, Amazon €135m Over Advertising Cookies

SAN FRANCISCO, December 10, (THEWILL) - France's CNIL data privacy watchdog said on Thursday it had fined two Google units a total of €100 million and an Amazon subsidiary €35 million over advertising cookies. The regulator said the fines were...

Workers Picket Oil Firm Over Salary Arrears

SAN FRANCISCO, December 09, (THEWILL) - Local workers at OML 42 oil mining communities in Delta State have staged a peaceful protest in Warri, demanding for their four years salaries and emoluments. As early as 8am, Tuesday, the protesters numbering...

Nigeria’s Earnings From Crude Oil Rebound By 116% – OPEC

SAN FRANCISCO, December 08, (THEWILL) - The Organisation of Petroleum Exporting Countries, OPEC, has disclosed that the Federal Government’s earnings from the export of crude oil has recorded a rebound of 116 per cent. OPEC said the 116 per cent rebound...