Business

February 02, (THEWILL) - The Central Bank of Nigeria (CBN), has removed allowable limit of exchange rate quoted by the International Money Transfer Operators (IMTOs). The apex bank had directed the IMTOs to quote rates within a permissible range...

February 01, (THEWILL) - The Naira appreciated on Thursday morning, exchanging for N1,380 to $1 on the parallel market after it fell to over N1,500 on Tuesday and Wednesday. ThIs is coming amid fresh moves by the Central Bank...

February 01, (THEWILL) - Bureau De Change (BDC) operators in Abuja have announced an indefinite shutdown of business over scarcity of US dollars. Abdulahi Dauran, Chairman of the Abuja chapter of the Association of BDC, said online banking transactions...

January 31, (THEWILL) - Transnational Corporation of Nigeria (Transcorp), reported a two-fold jump in bottom line to N34.1 billion for the 2023 financial, according to its earnings report issued Wednesday. Energy, which contributed 78 per cent of gross revenue, is...

January 31, (THEWILL) - The Nigerian National Petroleum Company Limited (NNPC Ltd) has held talks with a South Korean consortium led by Daewoo E & C on the development of gas projects in Nigeria. The Group Chief Executive Officer of...

January 31, (THEWILL) - The Central Bank of Nigeria (CBN) has issued a new directive to banks in the management of their foreign currency exposures which the apex bank said had created operational challenges in the system. In a letter...

January 30, (THEWILL) - A group known as the Enugu State Graduate Farmers, has expressed dismay over the destruction of its 35,000 hectares of rice farm by herders in the state. The farmland is at Ojoloko farm site at Umuiba,...

January 30, (THEWILL) - The Executive Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, on Tuesday, called for the strengthening of the existing symbiotic relationship between the FIRS and the Armed Forces in the country. Mr Adedeji...

January 30, (THEWILL) - The International Monetary Fund on Tuesday nudged its global growth forecast higher, citing the unexpected strength of the U.S. economy and fiscal support measures in China. It now sees global growth in 2024 at 3.1%, up...

January 30, (THEWILL) - The International Air Transport Association (IATA) has reacted to the statement by the Central Bank of Nigeria (CBN) that it has fully cleared the backlog of blocked funds owed the international airlines. The CBN had...