Business

SAN FRANCISCO, November 25, (THEWILL) - The Transmission Company of Nigeria (TCN) has stated that Nigeria requires nothing less than N1tn to effectively wheel electricity through the national grid. The Executive Director, Transmission Service Provider, TCN, Victor Adewumi, said this at...

SAN FRANCISCO, November 25, (THEWILL) - Prices of food items soared in October according to a report by National Bureau of Statistics (NBS) released on Wednesday. According to its selected food price watch for the month under review, the average price...

SAN FRANCISCO, November 25, (THEWILL) - The African Development Bank Group (AfDB) has approved the investment of $25 billion to develop agriculture in five African countries. Akinwumi Adesina, AfDB’s president, disclosed this at the virtual conference to mark the 10th anniversary...

BEVERLY HILLS, November 24, (THEWILL) - The Organisation of Petroleum Exporting Countries (OPEC) has predicted 6.2 million Barrel Per Day (BPD) growth in oil demand in 2021. The OPEC Secretary-General, Mohammad Barkindo, disclosed this in his address at the Crescent...

SAN FRANCISCO, November 23, (THEWILL) - It is no surprise that Nigeria has entered its second severe economic recession in five years since 2015. According to Dr. Yemi Kale, Chief Executive and Statistician-General of Nigeria's National Bureau of Statistics, Q3...

SAN FRANCISCO, November 23, (THEWILL) - The Nigerian Export Promotion Council (NEPC) has stated that it is working with relevant Ministries Departments and Agencies (MDAs) for payment of N124 billion backlog of claims under the Export Expansion Grant (EEG) scheme. Lawal...

SAN FRANCISCO, November 23, (THEWILL) - Africa’s largest economy has descended into its second recession in less than five years as oil production dropped to a four-year low. Nigeria’s GDP shrank 3.62% in the three months through September from a year...

SAN FRANCISCO, November 23, (THEWILL) - The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has declared the current recession, which the Nigerian economy recently slid into, will be exited soon. Ahmed made this known on Monday at the...

SAN FRANCISCO, November 22, (THEWILL) - Business experts have expressed confidence that the Lagos Free Zone (LFZ) has the capacity to contribute to Nigeria’s Gross Domestic Product (GDP) when fully developed. This was made known during a virtual Investor showcase...

SAN FRANCISCO, November 22, (THEWILL) - The United Kingdom Trade Envoy to Nigeria, Helen Grant has ranked the country’s economy as the fastest growing in Africa. Grant made this known during the Nigerian Diaspora Investment Summit (NDIS) organised by the...