Business

July 05, (THEWILL) – In recognition of its outstanding performance, Access Holdings PLC has been named the leading Tier-1 Bank in the 2024 Proshare Bank Strength Index (PBSI) report. THEWILL reports that Tier 1 describes an institution’s core capital or...

July 05, (THEWILL) – The Nigeria Securities and Exchange Commission (SEC) has rolled out mandatory requirements (including establishing an office in Nigeria), for crypto firms seeking to operate in the country. This was contained in a recently released circular, dated...

July 04, (THEWILL) – KuCoin, a global cryptocurrency exchange, has announced that effective July 8, the platform will effect collection of a value-added tax (VAT) at a rate of 7.5% on transaction fees for users whose Know Your Customer...

July 03, (THEWILL) – The President of Dangote Group, Aliko Dangote, has raised concerns over high interest rates, saying "If the interest rate is 30 percent, there would not be any job creation because we are actually stifling...

July 03, (THEWILL) – Access Holdings Plc (“Access Holdings” or “the Group”), on Tuesday, June 2, 2024, held a formal signing ceremony as part of the arrangements to raise a total of N351,009,103,017.25 (Three hundred and fifty-one billion,...

July 02, (THEWILL) – President Bola Tinubu has approved a new, business-friendly withholding tax policy which grants exemptions to small businesses and farmers. Taiwo Oyedele, the chairman of the presidential fiscal policy and tax reforms committee, announced the approval,...

July 1, (THEWILL)- In an ironic twist of events, the number of estimated customers of Nigeria’s electricity distribution companies (DisCos) maintained an upward trend in the first three months of the year (Q1 2024), while the firms recorded higher...

June 30, (THEWILL) – Deliberately or otherwise, the Nigerian Government has been depending on inflow from Foreign Portfolio Investment (FPI), ‘Ways and Means’ from the apex bank and an assortment of loans (foreign and local) for financing its operations. These...

June 30, (THEWILL) – Despite the bloated recurrent spending in the 2024 budget and a significant infrastructure gap, Nigeria's debt repayment now exceeds both recurrent and capital expenditure. This is alongside the country’s Foreign Direct Investment (FDI) being at...

June 30, (THEWILL) – The worsening spate of insecurity across the country appears to be receiving a residual attention in real terms while agricultural, the major affected sector, is declining speedily. The Federal Government insists it is paying enough attention...