Business

NNPC Reduces Loss In 2019 Audited Financial Statement By 99.7%

SAN FRANCISCO, October 15, (THEWILL) – Five months after publishing its 2018 Audited Financial Statement, the Nigerian National Petroleum Corporation (NNPC) has released its 2019 Audited Financial Statement. A statement by the Corporation’s spokesman, Dr. Kennie Obateru, quoted the NNPC...

Nigeria’s Inflation Rate Increases To 13.71%

SAN FRANCISCO, October 15, (THEWILL) – The Nigerian inflation rate has risen to 13.71% (year-on-year) in September 2020 indicating 0.49% point higher than 13.22% recorded in August 2020. This was revealed in the Consumer Price Index (CPI) report, released by...

Stockbrokers Prepare Roadmap For Economic Revival

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SAN FRANCISCO, October 14, (THEWILL) - Stockbrokers in Nigeria are set to prepare a roadmap on how the federal government can leverage the capital market to put Nigeria’s dwindling economy on sound footing. The brokers, who are doing this in...

W’Bank Predicts Subdued 0.3% 2021 GDP Growth For Nigeria

SAN FRANCISCO, October 14, (THEWILL) – The World Bank has projected a subdued growth of 0.3 per cent for Nigeria in 2021 as it also anticipated that Nigeria’s Gross Domestic Product (GDP) will contract by 4.1 per cent in...

G20 Finance Ministers, Central Bank Governors Hold Virtual Meeting

BEVERLY HILLS, October 14, (THEWILL) – G20 Finance Ministers and Central Bank Governors will hold a virtual meeting on Wednesday. Today’s meeting under the Saudi presidency will discuss how to support rapid, sustainable global economic recovery. The meeting will also focus on...

NITDA Set To Strengthen Data Protection With New Bill

SAN FRANCISCO, October 13, (THEWILL) - The National Info Technology Development Agency (NITDA), has stated its intent to send a new Bill on Data Protection to the National Assembly which when passed into law, would ensure stringent protection of personal...

DPR Restates Belief In Oil Reserve, FDI Inflow

SAN FRANCISCO, October 13, (THEWILL) - The Department of Petroleum Resources (DPR) has restated its belief in a brighter future for Nigeria’s oil and gas industry and increased Foreign Direct Investments (FDIs) to the country. Speaking recently at the Society of...

CBN Orders Banks To Comply With Swift Universal Confirmation

BEVERLY HILLS, October 12, (THEWILL) – The Central Bank of Nigeria (CBN) has ordered all deposit money banks (DMB) in the country to ensure full compliance with the Swift Universal Confirmation requirement. The apex bank, in a release said such...

Onyema, Ohiha, Others Highlight Opportunities In Fixed Income Market

SAN FRANCISCO, October 09, (THEWILL) - The Nigerian Stock Exchange (NSE) has concluded a two-day webinar on fixed income in line with its commitment to further enhance the capacity of capital market players across available asset classes. The...

Nigeria’s Economy To Shrink By 4.1% – World Bank

BEVERLY HILLS, October 09, (THEWILL) - The World Bank has projected that sub-Sahara Africa’s real GDP would contract by 3.3 per cent this year, after expanding by 2.4 per cent in 2019. The bank made this known in its ‘Africa’s...