Business

COVID-19: LCCI Reviews State of Economy, Wants Land Border Opened

SAN FRANCISCO, October 07, (THEWILL) - The Lagos Chamber of Commerce and Industry (LCCI) has advised policy makers on the formulation and implementation of policies to facilitate sustainability as business operators grapple with the devastating impact of the COVID-19 pandemic. Mrs...

States’ IGR Drops By 11.7% in H1 2020 – NBS

BEVERLY HILLS, October 06, (THEWILL) - The internally generated revenue (IGR) by the 36 states of Nigeria and the Federal Capital Territory (FCT) dropped by 11.7% in the first half (H1) of the year. A report on Tuesday by the National...

Jaiz Bank Plans N13b Private Placement On NSE

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BEVERLY HILLS, October 06, (THEWILL) - Jaiz Bank Plc, Nigeria’ non -interest bank, has unveiled plans to raise new equity funds of about N13 billion through a private placement as the bank seeks to deepen its growing balance sheet. Jaiz Bank...

Nigeria Set To Launch West Africa’s First Exchange-Traded Derivatives

BEVERLY HILLS, October 06, (THEWILL) - The Nigerian stock market is set to witness the launch of West Africa’s first Exchange Traded Derivatives (ETDs) on the Nigerian Stock Exchange (NSE). THEWILL recalls that capital market regulator, Securities and Exchange Commission (SEC),...

Exchange Closes At 5,984 Deals On Monday

The Nigerian Stock Exchange (NSE) closed at 5,984 deals on Monday, October 5, 2020; higher than the 4,553 deals it closed with on Friday, October 2, 2020 In the same vein, thee volume of transactions reached 603.9 million units at...

Makinde Signs MoU With Shell Nigeria

BEVERLY HILLS, October 05, (THEWILL) - The Oyo State Commissioner for Energy and Mineral Resources, Seun Ashamu said the state government has signed a Memorandum of Understanding (MoU) with Shell Nigeria Gas (SNG), to attract investments and boost its economy. The...

Nigeria’s External Reserves Hit $35.72bn

BEVERLY HILLS, October 04, (THEWILL) – Nigeria’s foreign reserves stood at $35.723bn as of September 29. According to the Central Bank of Nigeria (CBN), the reserves, which had continued to rise and fall in recent weeks, stood at $35.67bn as...

NSIA, CDC Sign MoU To Upscale Investment In Nigeria

BEVERLY HILLS, October 03, (THEWILL) - The Nigeria Sovereign Investment Authority (NSIA) has signed a Memorandum of Understanding (MoU) with CDC Group, the UK’s publicly owned impact investor. The MoU is to facilitate long-term inclusive growth and encourage private capital to...

NSE Set To Host Webinar On Impact Of Pandemic On Financial Market

BEVERLY HILLS, October 02, (THEWILL) - The Nigerian Stock Exchange (NSE) is set to host financial industry leaders in an upcoming webinar to discuss the impact of the pandemic on the Nigerian financial market. In a press release made available on...

Fitch Revises Nigeria’s Outlook From Negative To Stable

BEVERLY HILLS, October 02, (THEWILL) - Fitch Ratings has revised the outlook on Nigeria’s long-term foreign-currency Issuer Default Rating to stable from negative. The international rating firm disclosed this in its report where it affirmed the IDR at ‘B’. Entitled ‘Fitch revises...