Business

BEVERLY HILLS, February 28, (THEWILL) - The Federation Accounts Allocation Committee (FAAC) has shared a total of N610.368 billion to the three tiers of government. According to a statement on Wednesday by the Director of Information at the Ministry of...

Nigeria has ordered foreign oil and gas companies to pay nearly $20 billion in taxes it says are owed to local states, industry and government sources said, in a move that could deter investment in Africa’s largest economy. In a...

SAN FRANCISCO, February 14, (THEWILL) - The Nigerian Economic Summit Group (NESG) has said that the nation’s real Gross Domestic Product (GDP) will grow by 3.2 percent in 2019. NESG made this known in its 2019 Nigeria Economic Outlook report titled:...

BEVERLY HILLS, February 12, (THEWILL) - Nigeria’s gross domestic product (GDP) has grown 2.38 per cent in real terms within the fourth quarter of 2018, showing a 0.27 per cent jump over the fourth quarter of 2017 data made available...

SAN FRANCISCO, January 21, (THEWILL) - The Central Bank of Nigeria (CBN) may increase the items on the foreign exchange (forex) restriction list from 42 to 50 in order to boost local production and stimulate the export market. This was...

SAN FRANCISCO, January 18, (THEWILL) - 37,000 tonnes of cashew exported to Vietnam from Nigeria were rejected because of high price of the commodity. The Deputy Executive Secretary, Federation of Agricultural Commodity Associations of Nigeria (FACAN), Mr. Peter Bakare, who...

BEVERLY HILLS, January 16, (THEWILL) - The Nigerian National Petroleum Corporation (NNPC) says the country earned 640.35 million dollars from the export of crude oil and gas for the month of October, 2018. The corporation disclosed this in its monthly...

SAN FRANCISCO, January 16, (THEWILL) - President Muhammadu Buhari and the Vice-President Prof. Yemi Osinbajo, who are also the candidates of the All Progressives Congress (APC) in the forthcoming Presidential elections will, on Wednesday evening participate in a live...

BEVERLY HILLS, January 15, (THEWILL) – Nigeria's economy, and other sub-Saharan Africa countries, will be home to several of the world’s fastest-growing economies in 2019 according to the International Monetary Fund (IMF). The region, it said, is expected to have...

A massive hike of 240 per cent in the prices of petrol and diesel goes into effect today in Zimbabwe. Petrol was selling for 1.32 dollars (N481) per litre before Sunday’s hike. Now, it will be sold at $3.31 per...