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Category Archive: Business, Headline

Oil Price Hits $80 Per Barrel, Highest Since 2015

SAN FRANCISCO, May 18, (THEWILL) – Despite the huge N500 billion mark up on the Federal Government’s expenditure outlay in the 2018 Appropriation Bill as passed by the National Assembly, the...

CBN Signs Currency Swap Agreement With The People’s Bank Of China

BEVERLY HILLS, May 03, (THEWILL) – The Central Bank of Nigeria (CBN) has announced the execution of a bilateral currency swap agreement with the Peoples Bank of China (PBoC) following a...

GE led Consortium Signs Interim Phase Agreement with Nigeria for Rail Concession

SAN FRANCISCO, May 01, (THEWILL) – Following its award of preferred bidder status by the Federal Government of Nigeria in May 2017, the International Consortium led by GE last Friday in Washington...

Keystone Bank Partners CeLD, Launches ‘CashToken’ Customers

SAN FRANCISCO, April 23, (THEWILL) – Keystone Bank Limited, has partnered with a ‘Cash Reward as-a-Service Company’, CeLD Innovations Limited, to launch a ground-breaking product,...

Court Halts Sale of 9mobile

BEVERLY HILLS, April 18, (THEWILL) – Justice Binta Nyako of the Federal High Court, Abuja has stopped the planned sale of 9mobile (formerly Etisalat Nigeria) following the opposition to the...

Swiss Golden – EFCC Arrests Ponzi Scheme Operators

BEVERLY HILLS, April 17, (THEWILL) – The Economic and Financial Crimes Commission (EFCC) has busted the activities of an online company, Swiss Golden Company Limited, which defrauded over 7,000...

Oando Shares Move Up As SEC Lifts Suspension

BEVERLY HILLS, April 11, (THEWILL) – The shares of Oando Nigeria Plc moved up the maximum 10 per cent to N6.99, within the first one hour of trading on the Nigerian Stock Exchange (NSE) on...

Nigeria’s Foreign Reserves Hit $47 Billion – Emefiele

BEVERLY HILLS, April 09, (THEWILL) – Nigeria’s foreign reserves have continued to grow significantly with latest figures by the Central Bank of Nigeria (CBN) showing that it has reached about...

Trump Orders $50B In Tariffs On Chinese Imports

The Trump administration on Thursday took the first steps to slap China with up to $50 billion in tariffs on imports and to restrict investments in the US by the world’s second largest economy. The...

Teleology Beats Deadline, Pays $50m Non-Refundable Deposit For 9Mobile (See Proof Of Payment)

BEVERLY HILLS, March 21, (THEWILL) – Teleology Nigeria Limited, the preferred bidder for 9mobile, formerly Etisalat, has paid the $50m non-refundable completion deposit for the acquisition of the...

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