Business

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...

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...

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...

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...

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...

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...

SAN FRANCISCO, September 30, (THEWILL) - FrieslandCampina WAMCO Nigeria PLC as acquired Nutricima’s dairy business having bought the company’s production facility in Ikorodu, Lagos State. With the acquisition, the brands Olympic, Coast and Nunu, a range of powdered, evaporated and ready...

SAN FRANCISCO, September 30, (THEWILL) - Access Bank Plc says it has secured the initial approval from the Central Bank of Nigeria (CBN) to restructure its operating structure from a commercial banking group to a financial services Holding Company (HoldCo). The...

BEVERLY HILLS, September 29, (THEWILL) –Sterling Bank Plc has received approval-in-principle from the Central Bank of Nigeria (CBN) to convert from a stand-alone commercial bank to a holding company (HoldCo). A regulatory filing indicated that the bank has already commenced...

A U.S. judge has temporarily blocked a Trump administration order that was set to bar Apple Inc and Alphabet Inc’s Google from offering Chinese-owned short video-sharing app TikTok for download at 11:59 p.m. on Sunday. U.S. District Judge Carl Nichols...