Business

Unfavorable macroeconomic conditions across the globe have prompted major central banks to embark on a monetary easing cycle to counter a global slowdown. There is widespread speculation that the US Federal Reserve intends to trim interest rates in order to...

SAN FRANCISCO, July 24, (THEWILL) - The Nigerian National Petroleum Corporation (NNPC) Wednesday said it has suspended cash call repayments to Eni for three months, and will not renew some oil licences held by the Italian oil company. The NNPC owes...

SAN FRANCISCO, July 24, (THEWILL) - The Central Bank of Nigeria (CBN) has said it will place foreign exchange (forex) restrictions on milk importers into the country. Addressing reporters at the end of the bi-monthly Monetary Policy Committee (MPC) meeting in...

SAN FRANCISCO, July 23, (THEWILL) - The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate at 13.5 percent for July. CBN Governor, Godwin Emefiele, disclosed this on Tuesday during a press...

SAN FRANCISCO, (THEWILL) - The Central Bank of Nigeria (CBN) has issued licences to three new banks. According to information available on the apex bank’s website, the number of banks has increased from 21 to 23. The CBN also issued a...

BEVERLY HILLS, July 21, (THEWILL) - The Nigerian National Petroleum Corporation (NNPC) said it recorded a trade surplus of N6.33 billion for the month of May, 13 per cent higher than the N5.60 billion surplus made in April. The corporation disclosed...

Activities on the Nigerian Stock Exchange (NSE) continued on the losing streak on Tuesday with the market indices extending their loss by 0.49 per cent. The All-Share Index, which opened at 28,341.03, shed 140.15 points or 0.49 per cent to...

BEVERLY HILLS, July 16, (THEWILL) - The NNPC has given out contracts to 34 companies grouped into 15 consortiums to supply petrol in exchange for crude oil. Award letters for the contracts were issued and distributed on Monday according to a...

SAN FRANCISCO, July 15, (THEWILL) - The National Bureau of Statistics (NBS) has released the consumer price index, which measures inflation stating that the index dropped year on year from 11.40 per cent in May to 11.22 per cent in...

SAN FRANCISCO, July 15, (THEWILL) - First Bank of Nigeria Limited, Nigeria’s premier and leading financial services provider, has introduced the Visa Multi Currency Card, an All-in One-Card and first of its kind to be offered by any financial institution...