June 14, (THEWILL) - Nigerian billionaire businessman, Tony Elumelu and his family, have raised their stake in Transnational Corporation Plc (Transcorp) to more than one-third, according to a report seen by this newspaper.
This has taken their combined interest in...
June 14, (THEWILL) - The Nigerian Naira lost 40 percent of its value Wednesday, the first day it was floated at the I&E Window of the Nigerian Autonomous Foreign Exchange Rate Fixing (NAFEX), signaling a slope towards official...
June 14, (THEWILL) - The Central Bank of Nigeria (CBN) is set to effect exchange rate convergence, a move that will end the multiple exchange windows that have been widely criticised over the years.
Banking sources told THEWILL Wednesday...
June 14, (THEWILL) - OPEC on Tuesday kept its oil demand growth forecast for 2023 mostly unchanged from last month but warned of increased economic uncertainties ahead due to high interest rates and persistent inflation.
OPEC sees global oil demand...
June 14, (THEWILL) - Nigerian stocks soared to their pinnacle since 9 June 2008 on Tuesday as the benchmark index enlarged by 4 per cent.
The new development strengthened optimism that the much-needed liquidity in the market may soon return...
June 14, (THEWILL) - The Association of Public Procurement Practitioners of Nigeria (APPON) has conferred the Executive Vice Chairman and Chief Executive Officer of the Nigerian Communications Commission (NCC), Prof. Umar Danbatta, with the “Excellent Service Delivery and Accountability...
June 14, (THEWILL) - ExxonMobil has appointed Adesua Dozie as the new vice chairperson for its Nigerian affiliates Mobil Producing Nigeria Unlimited (MPN) and Esso Exploration and Production Nigeria Limited (EEPNL).
The appointment takes effect from 12 June, ExxonMobil said...
June 14, (THEWILL) - TotalEnergies announced Tuesday the discovery of Ntokon oil and gas on OML102 offshore Nigeria.
The company, in a statement published on its website, said the well is located in shallow waters, 60 km off the southeast...
June 14, (THEWILL) - In maintaining its leadership status as Nigeria’s most innovative bank, Access Bank (https://www.AccessBankPlc.com/) has unveiled two new consumer credit cards: the Access Bank American Express Gold Card and the Metal Platinum Card. These are the...
June 14, (THEWILL) - The federal government generated N709.59 billion as Value Added Tax (VAT) in the first quarter of 2023, National Bureau of Statistics (NBS) on Tuesday.
The bureau disclosed this in its “Sectoral Distribution of Value Added Tax”...
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.
