Business

SAN FRANCISCO, June 15, (THEWILL) - Fidelity Bank CEO, Mr. Nnamdi Okonkwo says the bank will catalyze growing opportunities in the Nigerian economy, to deliver good returns to shareholders in 2018. Speaking at the bank’s 30th Annual General Meeting (AGM)...

Nigeria’s inflation index for May dropped to 11.61% from 12.48% recorded in April, marking the 16thconsecutive decline and suggesting sustained traction of economic recovery, according to data released Wednesday by the National Bureau of Statistics (NBS). Food inflation dropped to 13.45% as...

Oil prices turned positive on Wednesday after a bigger-than-expected decline in U.S. crude inventories along with surprise drawdowns in gasoline and distillates indicated strong demand in the world’s top oil consumer. Earlier in the session, Brent and U.S. crude futures...

Nigeria’s central bank will start to auction the Chinese yuan within the next month at an exchange rate to be set via book building, an official said on Thursday, in an attempt to reduce its reliance on the U.S....

SAN FRANCISCO, May 31, (THEWILL) – Isaac Okoroafor, the acting Director, Corporate Communications, Central Bank of Nigeria (CBN) has revealed that the apex bank resisted suggestions to float the Naira when the country was battling with economic recession. Speaking at the...

SAN FRANCISCO, May 28, (THEWILL) - After many years in the doldrums and following its most recent acquisition by Sigma Golf - Riverbank consortium, the moves by the new management team at Keystone Bank Limited has begun yielding fruits. The Bank...

SAN FRANCISCO, May 23, (THEWILL) - Managers of Nigeria’s economy have every reason to smile, as Brent crude oil rose above 80 dollars a barrel on Tuesday. This followed concerns that falling Venezuelan crude output and a potential drop in Iranian...

SAN FRANCISCO, May 23, (THEWILL) - The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has again retained interest rate at 14 percent, the country’s highest in 10 years. Cash reserve ratio (CRR) and liquidity ratio were...

SAN FRANCISCO, May 21, (THEWILL) - The trial of nine current and former executives or contractors from Italy’s Eni and British-Dutch giant Royal Dutch Shell, including ENI Chief Executive Claudio Descalzi, over a 1.3 billion dollars oil deal in Nigeria,...

SAN FRANCISCO, May 21, (THEWILL) - Nigeria Bureau of Statistics (NBS), on Monday, said that the country’s economic growth slowed to 1.95 percent in first quarter of 2018, Q1’18, from 2.11 percent in fourth quarter of 2017, Q4’17. The oil sector’s...