Business

BEVERLY HILLS, November 12, (THEWILL) - Zimbabwe’s much-anticipated new banknotes eventually reached banks on Tuesday after a delay that saw many waiting in long queues for cash. Reserve Bank governor John Mangudya told journalists that Banks were collecting cash from...

BEVERLY HILLS, November 01, (THEWILL) - Having recorded a steady decline in inflation and with reserves hovering around $40 billion USD, the unconventional monetary policy of the Central Bank of Nigeria, CBN, is yielding better results for the economy...

* Law change could shave more than $50 billion in investments * Royalty added even after hours-long meeting with oil companies * Required review every 5 years injects uncertainty The Nigerian government has fast-tracked a law that would render billions in planned...

SAN FRANCISCO, October 30, (THEWILL) - Oando PLC has announced a N13.1 billion profit-after-tax which is an increase of 26% compared to the same period in 2018. This was contained in the company's Year-To-Date (YTD) September 2019 results. According to the...

BEVERLY HILLS, October 24, (THEWILL) - Nigeria has moved up by 15 places to 131 in the World Bank’s Ease of Doing Business ranking from the 146th position it was in 2018. According to the World Bank Group’s Doing Business 2020...

In recognition of its commitment and leading role at providing bespoke financial services to its customers and the public in general, through its numerous state of the art and innovative financial products and services, First Bank of Nigeria Limited...

SAN FRANCISCO, October 15, (THEWILL) - The National Bureau of Statistics (NBS) on Tuesday released the Consumer Price Index (CPI) which measures inflation with the index rising to 11.24 per cent in September. The 11.24 per cent represents an increase of...

BEVERLY HILLS, October 15, (THEWILL) - The Federal Government has said that a target of three million barrels per day of oil production has been set and steps are being taken to realise it before the end of 2023. This...

An $875 million Nigerian government lawsuit against U.S. bank JPMorgan is clear to move forward after a London-based appeals court on Tuesday rejected the bank’s bid to have the case dismissed. The bank had asked the court to quash the...

Nigeria’s central bank plans to charge 12 banks a total of more than 400 billion naira ($1.3 billion) for failing to meet its minimum loan-to-deposit ratio requirement by a September deadline, three banking sources told Reuters on Thursday. The central...