Business

February 05, (THEWILL) - The Central Bank of Nigeria (CBN) Governor, Yemi Cardoso, says the apex bank has discovered $2.4 billion invalid forex outstanding claims pressuring the naira and causing anxiety in the currency market. Cardoso disclosed this in...

February 04, (THEWILL) - The NGX All-Share Index and Market Capitalisation appreciated by 1.97% and 2.00% to close the week at 104,421.23 and N57.158 trillion respectively. A total turnover of 3.893 billion shares worth N95.147 billion in 69,117 deals was...

February 04, (THEWILL) - The Minister of Solid Minerals Development, Dele Alake, has described the United States (US) as Nigeria’s longstanding ally and strategic partner for the nation’s mining sector development. Speaking while receiving Charge d’Affairs, US Embassy, David Greene,...

February 04, (THEWILL) - From a level of 21.34 per cent as of end-December 2022, Nigeria’s headline inflation maintained a consistent upwards trajectory, closing the year 2023 at 28.92 per cent—a rate widely considered to be the highest in...

February 04, (THEWILL) - The Director General, National Automotive Design and Development Council (NADDC), Joseph Osanipin, led a three-man delegation on a week-long visit to the South African Auto Industry, penultimate week. Other members of the delegation...

February 04, (THEWILL) - The Nigerian Content Development and Monitoring Board (NCDMB) has restated its commitment to accelerated approvals of requests and documents submitted to it by operating oil and gas companies. The goal is to ensure speedy development...

February (THEWILL) - The strong regulation by the Nigerian Communications Commission (NCC) over the telecommunications (telecoms) industry has created the environment for expanded revenue opportunities by government, banks and operators, THEWILL can confirm. The various windows of taxes, levies and...

February 03, (THEWILL) - The Central Bank of Nigeria (CBN) has refuted reports that the Federal Government is planning to convert $30 billion domiciliary deposits to Naira. The rebuttal followed report by a national newspaper (not THEWILL), that the...

February 03, (THEWILL) - The Naira lost a whopping N548.48 at the Nigerian Autonomous Foreign Exchange Market (NAFEM) in January, 2024. This represents a 60.46 percent depreciation during the month. The local currency opened the month with N907.11 per dollar...

February 02, (THEWILL) - Duties payable on imported goods at Nigerian ports have gone up following a 43% hike in the exchange rate for cargo clearance by the Federal Government through the Central Bank of Nigeria (CBN). THEWILL reports that...