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Nigerian Economy: We Are Not Confused – Finance Minister

BEVERLY HILLS, August 31, (THEWILL) - The Minister of Finance, Kemi Adeosun, has declared that the Nigerian economy is not in confusion insisting that the economy had been heading to recession in the past six years but is presently...

Alert: Aero Contractors Shuts Operations, Sends Employees On Leave

SAN FRANCISCO, August 31, (THEWILL) - Aero Contractors Airlines on Wednesday said that it would suspend all its scheduled services indefinitely from Thursday September 1. The airline’s Chief Executive Officer, Mr. Fola Akinkuotu, said in a statement in Lagos that...

NBS Report Proved IMF Predictions Wrong; Economy Performing Better – Presidency

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SAN FRANCISCO, August 31, (THEWILL) - Despite the economic recession that the country is presently grappling with, the Presidency on Wednesday declared that the Nigerian economy is performing better than the predictions of the International Monetary Fund, IMF. It however...

Nine Banks Suspended From Forex Market Get Reinstated

SAN FRANCISCO, August 31, (THEWILL) - The nine commercial banks that were recently suspended from trading in the foreign exchange, forex, market by the Central Bank of Nigeria, CBN, have been reinstated. This was announced in Abuja on Wednesday by...

Nigeria In Worst Economic Recession In 29yrs As 4.58m Nigerians Become Jobless Under Buhari – NBS

SAN FRANCISCO, August 31, (THEWILL) - The Nigerian Bureau of Statistics, NBS, on Wednesday confirmed that Nigeria is in its worst economic recession in 29 years, even as it noted that the total number of Nigerians who became unemployed...

US Bars Clinton’s Nigerian Donor Over Alleged Links With Terrorism

BEVERLY HILLS, AUGUST 30, (THEWILL) - Nigerian-Lebanese billionaire, Gilbert Chagoury, a strong donor to the Clinton Foundation and owner of the Eko Hotel in Lagos and the Eko Atlantic City, has been denied entry into the United States. Chagoury, one...

War? Army Sends More Battle Tanks To Niger Delta

SAN FRANCISCO, August 30, (THEWILL) - The Nigerian Army has moved more military to the oil rich Niger Delta saying it wants to flush out criminals in a bid to strengthen the ongoing Operation Crocodile Smile. THEWILL gathered that a...

CBN Licenses Eleven New International Money Transfer Operators 

SAN FRANCISCO, August 30, (THEWILL) - In furtherance of efforts to liberalise the Foreign Exchange Market, ensure liquidity and make foreign exchange more readily available to low end users, the Central Bank of Nigeria (CBN) has licensed 11 more...

Update: Alert: Facebook Founder, Zuckerburg Is Live In Nigeria

BEVERLY HILLS, AUGUST 30, (THEWILL) - Facebook founder Mark Zuckerburg has arrived Lagos unannounced and his visit has sent the social media into a frenzy. Pictures of the billionaire at the CoCreation hub, a tech incubation centre, in Yaba have...

Emir Sanusi, Soludo Won’t Be Probed For Criticising Buhari – Presidency

BEVERLY HILLS, AUGUST 30, (THEWILL) - The Presidency on Monday refuted social media reports that the tenures of Lamido Sanusi and Charles Soludo, as governors of the Central Bank of Nigeria, CBN, would soon be probed by the Federal...