Business

Boat Mishaps: NIWA Boss Urges Operators To Adhere To Safety Guidelines

BEVERLY HILLS, August 22, (THEWILL) - Dr. George Moghalu, Managing Director of the National Inland Waterways Authority (NIWA), has urged boat operators in the country to adhere strictly to safety guidelines or risk sanctions. This is contained in a press...

Stock Market: Breweries Lead Gainers List, As Market Closes For The Week

SAN FRANCISCO, August 21, (THEWILL) - The Nigerian stock market closed at 3,194 deals on Friday, August 21, 2020, higher than the 3,055 deals it closed with on Thursday, August 20, 2020, while the volume reached 158.6 million units...

Prices Of Coca-Cola, Others To Go Up As Customs Propose Excise Duty On Soft Drinks

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BEVERLY HILLS, August 21, (THEWILL) - The Nigeria Customs Service (NCS) is proposing to collect excise duty on soft drinks, abolished in 1993 by the interim national government. Appearing before a Joint Committee of the Senate on Finance and National Planning,...

Airtel Africa Enters Strategic Partnership With MoneyGram

BEVERLY HILLS, August 21, (THEWILL) - Airtel Africa plc, a leading provider of telecommunications and mobile money services, with a presence in 14 countries across Africa has announced a strategic partnership with MoneyGram, a global leader in cross-border P2P...

SEC Strengthens Clampdown On Illegal Capital Market Operators

BEVERLY HILLS, August 21, (THEWILL) - The Securities and Exchange Commission (SEC), has moved to strengthen its enforcement and clampdown on illegal capital market operators in the country. Speaking at the first 2020 Capital Market Committee (CMC) meeting in Lagos,...

Equities Market Index Maintain Upbeat, Gains 0.13%

BEVERLY HILLS, August 20, (THEWILL) - The Nigerian Stock Exchange (NSE) equities market gained for the third straight session this week, as the All-Share Index (ASI) advanced by 0.13 per cent on bargain hunting. The ASI increased by 33.28 basis...

Citigroup Appoints Ireti Samuel-Ogbu As Head For Nigeria

BEVERLY HILLS, August 20, (THEWILL) - Citigroup Inc. has appointed Ireti Samuel-Ogbu as its Nigerian country officer. She becomes the first time woman to be appointed to the lender’s top post after 36 years of operating in Africa’s largest economy. Samuel-Ogbu,...

Apple Makes History As First American Company Valued At $2trn

BEVERLY HILLS, August 20, (THEWILL) - Apple has become the first American company to be valued at $2 trillion as it crossed the $2 trillion dollar mark on Wednesday after being the first in the world to cross the...

MTN Appoints Ralph Mupita As New Group CEO From September

BEVERLY HILLS, August 19, (THEWILL) -  MTN Group Limited has appointed Ralph Mupita as Chief Executive Officer, to pilot the company’s operations in Africa is in line with the company’s policy of appointing internal candidates. According to a statement by...

GSI: Banks Recover N50m In Nine Days From Debtors’ External Accounts

BEVERLY HILLS, August 19, (THEWILL) - Nigerian banks recovered N50.32 million within nine days from debtors after the financial institutions began the Global Standing Instruction (GSI) which enables banks to retrieve their loans from debtors' accounts in other banks. The...