Business

FG, Transcorp’s Afam Plant Deal To Add 966MW To Power Sector

BEVERLY HILLS, November 06, (THEWILL) -The Federal Government has revealed that the share sale and purchase agreement with Transcorp Power Consortium in relation to Afam Power Plc and Afam III Fast Power Ltd will add 966MW to the national...

GTBank Receives Approval-In-Principle To Operate As Financial Holding Company

BEVERLY HILLS, November 06, (THEWILL) - Guaranty Trust Bank (GTBank) Plc announced that it has obtained an approval-in-principle from the Central bank of Nigeria (CBN) to now operate as a financial holding company. This disclosure was made by the Board...

Nigeria Is Africa’s Highest Importer of Used Vehicles From US – UNEP

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SAN FRANCISCO, November 05, (THEWILL) - The United Nations Environment Programme (UNEP), has ranked Nigeria as Africa’s highest importer of used vehicles from the United States, and the third in the world, in its latest report. The other countries which topped...

Petroleum Products From Dangote Refinery To Go On Sale In Final Quarter of 2021

SAN FRANCISCO, November 05, (THEWILL) - Dangote Group has revealed that refined petroleum products from its refinery, currently under construction, will hit the market by the last quarter of 2021. The Executive Director, Strategy, Capital Projects and Portfolio Development, Dangote...

Afreximbank Inaugurates $1.5bn Facility For Africa’s Post COVID-19 Recovery

SAN FRANCISCO, November 05, (THEWILL) - The African Export-Import Bank (Afreximbank) has inaugurated a 1.5 billion-dollar collaborative COVID-19 Pandemic Response Facility (COPREFA) to support African economies with rapid financial assistance to reduce the impact of COVID-19. The collaborators are the...

Business Conditions Improve Amid Strengthening Demand

SAN FRANCISCO, November 04, (THEWILL) - The Nigerian private sector experienced a positive start to the final quarter of 2020 with output and new orders both rising at a robust and accelerated pace. Firms continued to expand purchasing activity and employment...

FEC Approves N87.5bn Contracts For Roads

SAN FRANCISCO, November 04, (THEWILL) - The Federal Executive Council has approved N87.538bn for the construction of some roads in parts of the country. This was disclosed to newsmen on Wednesday, at the end of the meeting of the Council presided...

Nigeria Plans To Borrow N6tn In 2021 – Finance Minister

SAN FRANCISCO, November 04, (THEWILL) - The Minister of Finance, Budget and National Planning, Zainab Ahmed, has said Nigeria’s total public debt will hit N38tn by December 2021. Ahmed said this in her presentation to the Senate Committee on Local and...

Traders Prepare For U.S Presidential Election Cycle Theory As Votes Begin

SAN FRANCISCO, November 03, (THEWILL) - Stockbrokers and traders are getting set to see a fulfillment or otherwise of the U.S Presidential Election Cycle Theory as voting commences in America. The U.S Presidential Election Cycle Theory, developed...

FG Earns ₦424.71b From VAT In Q3, 2020

SAN FRANCISCO, November 03, (THEWILL) - The Federal Government said it generated a total sum of N424.71 billion from Value Added Tax (VAT) in the third quarter of the year (Q3 2020) compared to N327.20 billion in Q2 as...