Business

SAN FRANCISCO, April 16, (THEWILL) - The National Bureau of Statistics (NBS) said the country’s inflation measured by Consumer Price Index (CPI) in March was 0.06 per cent points lower than the rate recorded in February. The NBS said this...

SAN FRANCISCO, April 16, (THEWILL) - The Nigeria National Petroleum Corporation (NNPC) has stated that Nigeria's daily crude oil production was 2.019m barrels in 2018. The NNPC Group Managing Director, Dr Maikanti Baru, disclosed this at the 12th International Conference of...

The Central Bank of Nigeria (CBN) has assured investors and the international community that the country having gone through a successful election, was ready for investments. The CBN Governor, Mr Godwin Emefiele, on Friday night in Washington DC, held an...

BEVERLY HILLS, April 12, (THEWILL) - The International Monetary Fund (IMF) has urged Nigeria to remove fossil fuel subsidy and deploy savings from the scheme to fix social infrastructure. IMF Managing Director Christine Lagarde gave the advice at the opening of...

SAN FRANCISCO, April 09, (THEWILL) - The World Bank Group has stated that Nigeria’s economy has performed below expectations since 1995. The group, in a classification of growth performance included in the 14th edition of Africa’s Pulse, ranked Nigeria in...

BEVERLY HILLS, April 04, (THEWILL) - Oando PLC has announced that it has divested its residual 25% interest in Axxela Limited, held through Glover Gas & Power B.V., to Helios Investment Partners, a leading private equity firm with a focus...

BEVERLY HILLS, April 04, (THEWILL) - Nigeria will issue its first 30-year naira bond, the debt office said on Thursday, in a move to attract long-term investors and extend the maturity profile of its debt. Nigeria, Africa’s largest economy, has been...

BEVERLY HILLS, April 04, (THEWILL) - The International Monetary Fund (IMF) has projected that Nigeria’s real Gross Domestic Product (GDP) will close at 2.1 per cent in 2019 and grow by 2.5 per cent by 2020. This growth projection is coming...

BEVERLY HILLS, April 03, (THEWILL) - Nigerian oil company Oando aims to raise fresh capital over the next two years and repay debt used to acquire Conoco Phillips’ Nigerian assets, its chief executive Adewale Tinubu told Reuters. Oando has transformed itself...

BEVERLY HILLS, April 03, (THEWILL) - ExxonMobil, one of the International Oil Companies (IOCs) operating in Nigeria, has opened talks on the sale of some of its oil and gas fields in the country as it focuses on new developments...