Business

February 18, (THEWILL) — Chairman of the Dangote Group, Aliko Dangote, on Tuesday projected a significant strengthening of the naira, suggesting the currency could reach N1,100 to a dollar this year. Dangote, who made the remarks during the...

February 18, (THEWILL) — After a challenging prior year, Guinness Nigeria Plc has staged a strong financial comeback, posting robust revenue growth and a decisive return to profitability in its audited results for the 18-month period ended 31...

February 18, (THEWILL) — The Federal Government has launched the GROW (Growth and Revenue Optimisation for Wealth) Fund to support 6,122 youth entrepreneurs, a move aimed at stimulating small businesses, creating jobs and strengthening Nigeria’s non-oil economy. The initiative...

February 17, (THEWILL) — eTranzact International Plc has expressed strong support for the phased rollout of the National Revenue Service (NRS) electronic invoicing initiative, describing the move as a critical step toward improving tax administration, transparency, and digital...

February 17, (THEWILL) — The Nigerian equities market closed Tuesday’s trading session on a mildly negative note as profit-taking activities in bellwether stocks weighed on overall performance despite relatively balanced market breadth. The market capitalisation declined from ₦122.129 trillion at...

February 17, (THEWILL) — Foreign oil firms that have secured new petroleum licences in Nigeria have been given a 90-day deadline to establish local operating units, in a move aimed at strengthening regulatory oversight and boosting in-country value creation. The...

February 17, (THEWILL) — The Nigeria Revenue Service (NRS) has begun a phased rollout of an electronic invoicing and fiscal monitoring system to strengthen tax compliance and boost revenue. The reform comes as Nigeria’s tax-to-GDP ratio remains below 10 percent...

February 17, (THEWILL) — The Nigeria Customs Service has moved to clear up confusion over who determines the foreign exchange rates used in valuing imported and exported goods at Nigerian ports, emphasising that it does not set or...

February 17, (THEWILL) — Dangote Group has signed a $400 million machinery supply agreement with XCMG Construction Machinery Co., Ltd. as it intensifies efforts to fast-track the expansion of the Dangote Petroleum Refinery & Petrochemicals. The deal will provide...

February 16, (THEWILL) — Nigeria has taken a decisive step toward expanding its footprint in global trade as BUA Group sealed a strategic logistics and industrial partnership with UAE-based AD Ports Group and MAIR Group. The strategic Memorandum of Understanding...