Business

Market Ends On Positive, Takes A Day Off

SAN FRANCISCO, October 29, (THEWILL) - The Nigerian Stock Exchange (NSE) market closed with a NGN15,386 trillion equity capitalisation on Wednesday, higher than the NGN15,147 trillion recorded on Tuesday. The All-Share Index reached 29,437.60 index points, higher than the 28,980.29...

NCC Worried As Misinformation Over 5G May Obstruct Implementation

SAN FRANCISCO, October 28, (THEWILL) - The Nigerian Communications Commission (NCC), has expressed worry that the present misinformation over fifth-generation network technology (5G) may likely obstruct its implementation in the country. Umar Danbatta, executive vice chairman (EVC) of NCC, said...

Manufacturing Sector Records Growth In October – PMI Survey

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BEVERLY HILLS, October 28, (THEWILL) – The Purchasing Managers’ Index (PMI) for the manufacturing sector in October stood at 49.4 index points, indicating a reversal of five consecutive months of contraction which started in May. The manufacturing PMI for...

Wike Urges CBN To Support Rivers’ Cassava Processing Initiative

BEVERLY HILLS, October 28, (THEWILL) – Rivers State Governor, Nyesom Ezenwo Wike has expressed optimism that the State’s $12 million Cassava processing initiative will create jobs and enhance the Gross Domestic Product (GDP) of the country. The Governor urged the...

CBN Debits Banks N926.4bn For Breaching LDR

BEVERLY HILLS, October 28, (THEWILL) – The Central Bank of Nigeria (CBN) has debited banks of Cash Reserve Ratio (CRR) worth N926.4bn for breach of its lending policy. Loan to Deposit Ratio (LDR) is a ratio, represented in percentage, between...

Marine Environment: Experts Decry Impact Of Plastic On Fish Migration

SAN FRANCISCO, October 27, (THEWILL) - Some experts in fishery have described waste activities such as plastic pollution as the major challenges affecting fish migration in the country. The experts spoke during a Zoom discussion to mark the 2020 edition...

NSE: Market Gains As Flour Mills Top Gainers List

SAN FRANCISCO, October 27, (THEWILL) - The Nigerian Stock Exchange (NSE) closed with 5,283 deals on Tuesday higher than the 4,235 deals it closed with on Monday. The volume reached 385.59 million units at the close of the market on...

NCC Grants MTN, 9mobile Approval For Roaming Service Trial

SAN FRANCISCO, October 26, (THEWILL) - The Nigerian Communications Commission (NCC) has granted approval to Mobile Telecommunication Network (MTN) Nigeria, and Emerging Markets Telecommunication Service Limited (EMTS) trading as 9mobile for a trial on national roaming service. Ikechukwu Adinde, director...

MTN Group Appoints Karl Toriola As CEO MTN Nigeria

SAN FRANCISCO, October 26, (THEWILL) - MTN Group has appointed Karl Toriola, the current vice president for MTN Group’s West and Central Africa (WECA) region, as CEO of MTN Nigeria. In a statement on Monday, it said Toriola will take over...

Access Bank Gives N50bn Interest-Free Loan For #EndSars Attack Victims

SAN FRANCISCO, October 26, (THEWILL) - Access Bank Plc said it has commenced the disbursement of N50 billion interest-free loan and grant it set aside for micro, small and medium size enterprises (MSMEs) that were destroyed by hoodlums in...