Business

Ex-England Star Michael Owen To Launch Own Cryptocurrency

SAN FRANCISCO, March 21, (THEWILL) -Former Manchester United and Real Madrid striker Michael Owen is launching a cryptocurrency in his own name, joining other famous sportsmen including Manny Pacquiao in a new venture to connect with fans. The retired England...

U.S. FTC To Question Facebook Over Consultancy’s Access To User Data

Facebook Inc said Tuesday it faced questions from the lead U.S. consumer regulator about how its users’ personal data was mined by a political consultancy hired by Donald Trump’s campaign. U.S. and European lawmakers have demanded an explanation of how...

CBN Pumps $210m Into Forex Market

Ask ZiVA 728x90 Ads
SAN FRANCISCO, March 20, (THEWILL) - The Central Bank of Nigeria (CBN) has injected the sum of $210m into the inter-bank foreign exchange market. The lender said the forex sale was aimed at sustaining liquidity in the forex market, and making...

Nigeria’s GDP To Witness 2% Growth In 2018 – PWC

SAN FRANCISCO, March 13, (THEWILL) - PricewaterhouseCoopers (PwC) has predicted that Nigeria’s real Gross Domestic Product (GDP) will grow at 2.0 per cent year-on-year in 2018, propelled by oil production increase and government spending. The multinational professional services firm made the...

Oil Price Rises Towards $70

SAN FRANCISCO, March 12, (THEWILL) - Oil markets climbed on Monday on the back of a drop in the number of United States rigs drilling for more production and as the U.S. economy continued to create jobs, which industry hopes...

Update: BREAKING: Foreign Reserves Hits $46bn

SAN FRANCISCO, March 11, (THEWILL) - Nigeria’s foreign reserves hit $46bn on Friday, March 9th, according to a Sunday tweet by the Central Bank of Nigeria, CBN, Ag. Director of Communications, Mr. Isaac Okorafor, solidifying the nation's solid international...

U.S. Secretary Tillerson Warns African Countries Against Chinese Loans

BEVERLY HILLS, March 08, (THEWILL) - The U.S. Secretary of State Rex Tillerson said on Thursday that African countries should be careful not to forfeit their sovereignty when they accept loans from China, the continent’s biggest trading partner. Tillerson is...

Lagos Most Peaceful State For Doing Business – Dangote Declares

SAN FRANCISCO, March 06, (THEWILL) - Africa’s richest man, Alhaji Aliko Dangote, on Tuesday, described Lagos as the most convenient and peaceful state for doing business. He made this known in a terse remark at the Lagos Means Business forum which...

Low Rice Export To Nigeria Causes Thailand To Shut 7 Mills, Unemployment Rate Jumps

BEVERLY HILLS, March 02, (THEWILL) - The Minister of Agriculture and Rural Development, Mr Audu Ogbeh says Thailand has accused Nigeria of being responsible for the collapse of its seven rice mills following the drastic fall in rice importation...

China Development Bank, UBA Sign Letter of Intent for a $100 million Loan Deal to Support SMEs in Africa

BEVERLY HILLS, March 01, (THEWILL) - United Bank for Africa (UBA) Plc, a pan-African banking group and China Development Bank (CDB), the world’s largest development finance institution, on February 27, 2018 announced the signing of a letter of intent for...