Business

August 11, (THEWILL) – Ten months after the Senate embarked on a probe of the endless maintenance of Nigeria’s moribund refineries without a report, the upper and lower legislative chambers have jointly commenced a similar exercise. Following fresh controversies trailing...

August 10, (THEWILL) – Nigeria and the United States have renewed their commitment to deepen binding bilateral relations that will unlock new grounds for economic growth and socio-economic development. The two countries made the commitment in Abuja when the Minister...

August 08, (THEWILL) – The Federal Government of Nigeria spends a whopping $600 billion monthly on fuel importation, Wale Edun, Minister Of Finance and Coordinating Minister Of the Economy, disclosed on Tuesday. Edun, who spoke during an interview on...

August 08, (THEWILL) – The Central Bank of Nigeria (CBN) has reaffirmed its commitment to ensuring the proper functioning of the foreign exchange (FX) market by enhancing liquidity when necessary. In a significant move, the apex bank offered $876...

August 07, (THEWILL) – Heirs Insurance Group (HIG), Nigeria's fastest-growing insurance provider, has announced the appointment of Ibrahim Puri and Sonny Iroche, as Independent Non-Executive Directors of its non-life insurance business, Heirs General. Ibrahim Puri is an accomplished financial services...

August 06, (THEWILL) – GCR Ratings (GCR) has affirmed the national scale long-term and short-term issuer ratings of AA+(NG) and A1+(NG) respectively, accorded to Dangote Industries Limited (DIL). In its recent report, GCR also affirmed the national scale long-term issue...

August 05, (THEWILL) – The prospects of expanding tax revenues and job opportunities are slimming down as Nigeria’s major service and consumer good firms reported massive operating losses in their operations during the first half of 2024. Operating results of...

August 04, (THEWILL) – The Nigerian Foreign Exchange Market (NAFEM) recorded a total of $4.79 billion turnover in the month of July, according to data obtained from the FMDQ platform. The figures tracked by THEWILL during the 25 trading days...

August 04, (THEWILL) – Wema Bank Plc posted impressive results for its 2024 half year operations ended June 30. This will trigger a quantum leap towards an enhanced milestone in the current recapitalisation exercise to the delight of the...

August 03, (THEWILL) – The Central Bank of Nigeria (CBN) has announced plans to hold a Retail Dutch Auction System (RDAS), on August 7, 2024, to sell foreign exchange to end-users through authorised dealer banks. In a circular, the...