Business

Russia and Saudi Arabia struck a private deal in September to raise oil output to cool rising prices and informed the United States before a meeting in Algiers with other producers, four sources familiar with the plan said. U.S. President...

BEVERLY HILLS, October 03, (THEWILL)- Osinbajo Announces Slash In Business Name Registration FeesVice President Yemi Osinbajo has announced approval of a 90-day special window to register businesses at a reduced rate of N5,000 only from N10,000 Laolu Akande, Senior Special...

Oil major BP has clashed with rival Vitol in the Nigerian crude market, buying up cargoes and taking a big derivative position that may have raised costs for European refiners, according to Reuters. New trading opportunities arose from August, when...

BEVERLY HILLS, September 14, (THEWILL) - The National Bureau of Statistics, NBS, on Friday released the Consumer Price Index (CPI) which measures inflation with the rate rising from 11.14 per cent in July to 11.23 per cent in August. The report...

SAN FRANCISCO, September 12, (THEWILL) - Globally recognised and respected research firm, Forbes Africa, has named Nigeria as the best economy in Africa. The firm made this known as it published a ranking of the ten biggest economies in Africa with...

Alibaba Group Holding Ltd’s (BABA.N) billionaire co-founder Jack Ma will announce a succession plan on Monday to hand the reins of his sprawling empire to a new generation of leaders but will remain executive chairman for the time being. Ma...

A “wide range” of Apple Inc (AAPL.O) products including the Apple Watch would be affected by proposed U.S. tariffs on Chinese goods, the company told U.S. trade officials, but gave no sign of an impact on its iPhone cash...

BEVERLY HILLS, September 06, (THEWILL) - The Central Bank of Nigeria (CBN) has debited the account of Standard Chartered Bank with N2.4 billion, Stanbic IBTC N1.88 billion, Citibank Nigeria N1.2 billion and Diamond Bank N250 million for allegedly issuing irregular...

BEVERLY HILLS, August 30, (THEWILL) - Lagos has retained its position as the state with the highest foreign debt in Nigeria, with a debt portfolio of 1.45 billion dollars as at June 30. This was contained in a document obtained from...

SAN FRANCISCO, August 28, (THEWILL) - Nigeria’s Gross Domestic Product (GDP) has grown by 1.50% in the second quarter, slower than the 1.95% growth in the first quarter of 2018. According to the GDP report released by the National Bureau...