Business

Covid-19: CBN Disburses N10bn Intervention Funds To Kano

BEVERLY HILLS, January 19, (THEWILL) - The Central Bank of Nigeria, CBN, disbursed a total of N10 billion to Kano business firms affected by the pandemic, as part of the Bank’s intervention initiative to save the economy. The disbursements...

Buhari To Inaugurate National Oil, Gas Centre In Lagos

BEVERLY HILLS, January 19, (THEWILL) - President Muhammadu Buhari will on Thursday inaugurate the National Oil and Gas Excellence Centre (NOGEC), Lagos. The event, which is meant to boost Nigeria’s oil and gas operations will hold virtually. The Director of Department...

Why FIRS Generated N4.9trn Tax Revenue In 2020 Despite Covid-19 – Nami

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BEVERLY HILLS, January 19, (THEWILL) - The Federal Inland Revenue Service (FIRS) collected N4, 952, 243,711,728.37 in total tax revenue in the year 2020, the Executive Chairman of the Service, Mr. Muhammad Nami, has disclosed. The amount, which represents approximately...

Why MPC Will Sustain Hold On Rates This Week – Experts

- As FG Auctions N150bn Bond BEVERLY HILLS, January 17, (THEWILL) - Ahead of the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) first meeting in 2021, scheduled for this week, experts have predicted that the Committee will decide to...

Aviation Stakeholders Lament Poor Communication Between Pilots, Air Traffic Controllers

BEVERLY HILLS, January 17, (THEWILL) - Poor communication between the cockpit and the control tower, loss of situational awareness, lack of training, poor facilities, fatigue, flight crew judgment and maintenance personnel are some of the human errors in judgment and...

Why We Launched Parallel Exchange Rate Platform – ABCON President

BEVERLY HILLS, January 17, (THEWILL) - The exchange rate platform recently introduced by the Association of Bureau De Change Operators of Nigeria (ABCON) aims to counter the negative impact of speculative rates published by popular online platform, Aboki Forex (Aboki.fx),...

Abia, Kwara, Kebbi Paid More For Petrol In December – NBS

BEVERLY HILLS, January 16, (THEWILL) - Residents of three states – Abia, Kwara and Kebi - paid more for premium motor spirit (petrol) in December, National Bureau of Statistics (NBS) has said. Average price paid by consumers for the commodity...

Three Airlines Set To Begin Domestic Operation

.... As Aviation Experts Advise On Merger Option BEVERLY HILLS, January 16, (THEWILL) - At least three new entrants into Nigeria's aviation industry, Green Africa Airways, United Nigeria Airline and Nigerian Eagle are set to commence full commercial operation soon. While...

Shell Sells OML 17 Stakes To Elumelu’s TNOG For $533m

BEVERLY HILL, January 15, (THEWILL) - The Shell Petroleum Development Company of Nigeria Limited (SPDC) on Friday announced the completion of the sale of its shares in Oil Mining Lease (OML) 17 to TNOG Oil and Gas Limited. A statement by...

Equity Market: Buying Pressure On Mid-cap Stocks Spurs N19 billion Gain

BEVERLY HILL, January 15, (THEWILL) - Buying pressure on mid-cap stocks comprising Flour Mills, Presco, Nigerian Breweries and UACN, as well as MTNN, Nigeria’s second most capitalised company, led the Nigerian stock market to a further gain on Friday as...