Business

BEVERLY HILLS, April 22, (THEWILL) - The Federation Accounts Allocation Committee (FAAC) met through video conferencing to split a total of ₦780.926 billion as March 2020 Federation Account Revenue. The Office of the Accountant General of the Federation (OAGF) disclosed...

BEVERLY HILLS, April 21, (THEWILL) - The Consumer Price Index, (CPI) which measures inflation rose to 12.26 per cent (year-on-year) in March compared to 12.20 per cent in the preceding month, according to the National Bureau of Statistics (NBS). According...

Virgin Australia Holdings Ltd. became Asia’s first airline to fall to the coronavirus after the outbreak deprived the debt-burdened company of almost all income. Administrators at Deloitte, who have taken control of the Brisbane-based carrier, aim to restructure the business...

U.S. crude trades at lowest level in data going back to 1946 Crude in U.S. trades more than $40 below zero at lowest level Of all the wild, unprecedented swings in financial markets since the coronavirus pandemic broke out, none has...

BEVERLY HILLS, March 30, (THEWILL) - The central bank has temporarily suspended cheque clearing in the Nigerian banking system as President Muhammadu Buhari ordered lockdown takes effect midnight Monday in a bid to curb the spread of the coronavirus. The...

BEVERLY HILLS, March 24, (THEWILL) - The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has voted unanimously to retain the monetary policy rate at 13.5%. This was announced by Godwin Emefiele, CBN governor, on Tuesday after...

BEVERLY HILLS, March 24, (THEWILL) - Dangote Cement Plc has made disclosed intentions to issue N300 billion bonds. The company, in a notice to the Nigerian Stock Exchange (NSE), on Monday, announced its inaugural issuance of bonds under its N300 billion...

BEVERLY HILLS, March 20, (THEWILL) - Nigeria has technically devalued the naira at the Investors and Exporters (I&E) trading window from N366.70 to N380.20. A source at the Central Bank of Nigeria, who asked to remain anonymous confirmed the development...

SAN FRANCISCO, March 17, (THEWILL) - Zenith Bank Plc, on Monday, held its 29th Annual General Meeting (AGM) in Abuja, during which the Bank’s shareholders unanimously approved the proposed final dividend of N2.50 per share, bringing the total dividend...

SANFRANCISCO, March 12, (THEWILL) - Managing Director/Chief Executive, Heritage Bank Limited, Mr. Ifie Sekibo has advised Small and Medium Enterprises (SMEs) to reinvent themselves in order to remain competitive and overcome the challenges of the COVID-19 pandemic. Speaking on “Converting...