Business

July 28, (THEWILL) - Total disbursement from the Federal Account Allocation Committee (FAAC) to the 774 local government areas (LGAs) in Nigeria’s 36 states rose by 48.5 percent to N1.69 trillion (year-on-Year) as...

July 26, (THEWILL) - The multi-billion dollars Dangote Refinery is not selling-off the crude oil it has received at the plant and remains on course to produce petrol this August as previously scheduled, a senior executive at the group...

July 26, (THEWILL) - The Central Bank of Nigeria (CBN) said it has sold foreign currencies worth $148 million in the Nigerian Foreign Exchange Market (NFEM), to authorised dealer banks. In a statement, published on its website on Friday, the...

July 25, (THEWILL) - The Nigerian Senate has assured Nigerians that it would expose saboteurs in the nation's petroleum industry and those responsible for the importation of toxic fuel into the country. Speaking at a news conference on Thursday,...

July 24, (THEWILL) - British International Investment (BII), the UK’s development finance institution and impact investor, has announced a $50 million commitment to Access Bank as part of a $295 million loan package arranged by FMO. The funding will...

July 24, (THEWILL) - West African premier financial institution and financial inclusion services provider, FirstBank has announced its continuous VISA Cross Border and Summer Campaign in partnership with VISA. The campaign, which commenced on April 1, 2024, is set...

July 23, (THEWILL) - The Central Bank of Nigeria (CBN) has further raised its benchmark interest rate by 50 basis points to 26.75 percent from 26.25 percent. CBN Governor, Olayemi Cardoso, who disclosed this to journalists at the end...

July 22, (THEWILL) - President of the Dangote Group, Aliko Dangote, says he is ready to sell the Dangote Refinery to the Nigerian National Petroleum Corporation Limited (NNPCL) to address allegations of monopoly in the industry. The $19bn 650,000 barrel-per-day...

July 22, (THEWILL) - A week after receiving the Engineering and Innovation meritorious award at the Nigerian Excellence Awards in Public Service (NEAPS), the Executive Vice Chairman of the National Agency for Science and Engineering Infrastructure (NASENI), Mr. Khalil...

July 22, (THEWILL) - Recent events have put Dangote Petroleum Refinery and Petrochemicals Company Limited under pressure, causing the founder -- a man not known for many words, but plenty of actions – Alhaji Aliko Dangote, to...