Business

BEVERLY HILLS, August 15, (THEWILL) - The unemployment rate in Edo State has dropped from 25.1 per cent in the 3rd quarter of 2018 to 19 per cent in the second quarter of 2020, new data released from Nigeria...

BEVERLY HILLS, August 08, (THEWILL) - The Central Bank of Nigeria (CBN) has further adjusted the exchange rate of the naira to N379 - $1. The regulator bank a few months back adjusted the local currency to exchange for N361...

SAN FRANCISCO, August 05, (THEWILL) - The United Bank for Africa Plc (UBA), the leading pan-African financial services group, is the lead arranger of a consortium of Nigerian commercial and international banks in a $1.5 billion pre-export finance (PXF)...

Microsoft has emerged as a savior to young users of TikTok, who praised the tech industry giant for trying to buy parts of the social media company’s operations, in hopes of avoiding a U.S. shutdown. Bearing hashtags like #SaveTikTok and...

A grim picture emerged Thursday of a U.S. economy that endured a record-shattering plunge last quarter and is now struggling to rebound as the coronavirus keeps forcing more layoffs. The economy shrank at a dizzying 32.9% annual rate in the...

BEVERLY HILLS, July 22, (THEWILL) - The Central Bank of Nigeria (CBN) has announced a N50 billion special mechanism funds to revive the ailing textiles industry. The funds to be administered by the Bank of industry (BoI) at 4.5 per cent...

BEVERLY HILLS, July 21, (THEWILL) - The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has announced its decision to retain the monetary policy rate (MPR) at 12.5 percent. Godwin Emefiele, governor of the apex bank, announced...

The central bank said last week it will work towards the gradual unification of exchange rates across all forex windows. It has operated a multiple rate regime which it has used to mask pressure on the naira and to...

BEVERLY HILLS, June 25, (THEWILL) - Sovereign Ratings Director at Fitch, Mahmoud Harb, has warned that a sharp rise in Nigeria’s sovereign debt and a ballooning financing gap could trigger a rating downgrade. The global ratings agency had downgraded Nigeria...

BEVERLY HILLS, May 20, (THEWILL) - The US Senate has passed a bill that could block some Chinese companies from selling shares on American stock exchanges as it would require overseas firms to follow US standards for audits and...