July 10, (THEWILL) - In its bid to further enhance the effectiveness of regulation and investor protection in the Nigerian capital market, NGX Regulation Limited (NGX RegCo) signed a Memorandum of Understanding (MoU) with the Institute of Chartered Accountants...
July 10, (THEWILL) - Nigerian equities opened the week strong Monday as the benchmark index gained 2.48% to close at 64,603.69 points, the highest point since 17 March 2008, against 63,040.41 recorded last Friday.
Market capitalisation rose to N35.1 trillion...
July 10, (THEWILL) - Total capital importation into Nigeria in Q1 2023 stood at US$1,132.65 million, lower than US$1,573.14 million recorded in Q1 2022, indicating a decrease of 28.00% the National Bureau of Statistics (NBS) stated in its...
July 09, (THEWILL) - Nigerian fintech Interswitch is in discussions with Kenya’s Equity Bank about following the lender into the Democratic Republic of Congo (DRC), managing director Mitchell Elegbe tells The Africa Report.
Discussions about following the bank into the...
July 09, (THEWILL) - FOREIGN Investors Network (FIN), a key driver of Foreign Direct Investment (FDI) for Africa and other developing economies, has nominated the Managing Director/CEO of Ibom Power Company Limited, Engr. Meyen Etukudo for its FIN -Award...
Like the proverbial advice not to let the left hand know what the right hand is giving, the President Bola Tinubu-led Federal Government last week suspended some taxes that the real sector had complained was bleeding businesses to bankruptcy,...
To meet expanding local demand, Nigeria will spend up to $100 million on the importation of palm oil in 2023, going by available data from the National Bureau of Statistics (NBS). The figure is based on the value of...
July 08, (THEWILL) - Oba Otudeko’s Honeywell Group last Thursday bought 4,770,269,843 shares of First Bank of Nigeria Holdings (FBNH) Plc in a cross deal worth N87.8 billion, thus making the multibillionaire businessman the largest shareholder of Nigeria’s...
July 06, (THEWILL) -The Naira reversed the gains of Wednesday (N748.31) and depreciated by 2.8 percent to trade N762/63/$ at the I&E window according to FMDQ’s website on Thursday. Market turnover climbed to $89.37 million from $88.68 million the...
July 05, (THEWILL) – Nigeria’s deposit money banks have announced revised transaction limits that allow their customers to withdraw up to N200,000 from the Automated Teller Machines (ATM) per day.
In a message to its customers through their e-mail,...
Sam Diala is a Bloomberg Certified Financial Journalist with over a decade of experience in reporting Business and Economy. He is Business Editor at THEWILL Newspaper, and believes that work, not wishes, creates wealth.
Describing the allegations as entirely false, Adedeji said they were the handiwork of individuals determined to discredit him and weaken public confidence in the Tinubu administration.
