Business

Recession: The Worst May Be Possibly Over – LCCI

SAN FRANCISCO, November 22, (THEWILL) - The Lagos Chamber of Commerce and Industry (LCCI) says the nation’s economic contraction of 3.62% of the third quarter against the 6.1% of the second quarter of the year may indicate that the...

Zenith Bank Shows Resilience As Gross Earnings Rises By 4% In Q3 2020

BEVERLY HILLS, November 20, (THEWILL) – Zenith Bank Plc has announced its unaudited results for the third quarter ended 30 September 2020 with gross earnings rising by 4% to ₦509 billion from ₦491 billion posted in the same period in...

Demutualisation: NSE’s Shares To Go Live On Stock Market

Ask ZiVA 728x90 Ads
SAN FRANCISCO, November 20, (THEWILL) - Members of the Nigerian Stock Exchange (NSE) have given approval for the listing of the Nigerian Exchange Group Plc (NGXG) on the exchange market once the demutualisation process is completed. Following the conversion and...

Dangote Seeks 1% Tax On Business Profits For Health Sector Funding

BEVERLY HILLS, November 19, (THEWILL) - Africa’s richest man, Aliko Dangote, has called on the private sector to contribute 1 percent of their profits to fund the country’s health sector. He stated that the fund, which is distinct from corporate...

Manufacturing Purchasing Managers’ Index Records Expansion After Declines

SAN FRANCISCO, November 19, (THEWILL) - The Manufacturing Purchasing Managers’ Index (PMI) for November 2020 recorded an expansion after six consecutive months of contractions from May to October 2020. This was contained in the PMI Report for November released by Central...

OPEC Pledges Full Compliance With Agreed Oil Production Curtailment Plan

SAN FRANCISCO, November 18, (THEWILL) - The Organisation of Petroleum Exporting Countries (OPEC) has restated its commitment to full conformity with crude oil production curtailment plan agreed to by members in April. At the 24th meeting of the Joint Ministerial Monitoring...

Nigeria’s Oil Revenue To Plummet As UK Set To Ban Petrol Vehicles By 2030

SAN FRANCISCO, November 18, (THEWILL) - Nigeria’s oil revenue would experience a drop as UK Prime Minister Boris Johnson has declared that new cars and vans powered by petrol and diesel will not be sold in the UK from 2030. According...

Nestle, Dangote Top Losers as Nigerian Stocks Lose N279b

SAN FRANCISCO, November 17, (THEWILL) - Nigerian Stock Exchange closed southward on Tuesday for the second consecutive day, with market capitalisation shedding N279 billion. Market capitalisation closed at N17.892 trillion against N18.171 trillion on Monday. All-Share Index lost 531.25 points or 1.53%...

Belgium Confers Highest National Honour On Tony Elumelu

SAN FRANCISCO, November 17, (THEWILL) - The Kingdom of Belgium has conferred the country’s highest national honour on Africa’s leading investor and philanthropist, Tony O. Elumelu, CON. The honour, Officer in the Order of Leopold, is the country’s oldest and...

BOFIA: CBN, NDIC To Set Up Fund For Struggling Banks

SAN FRANCISCO, November 17, (THEWILL) - The Central Bank of Nigeria (CBN) and Nigeria Deposit Insurance Corporation (NDIC) have been empowered to establish a banking sector resolution fund to save struggling banks. This was contained in the newly signed Banks and...