Economy - THEWILL NEWS MEDIA

High Cost of Cement, Building Materials: Nigerians go For Containers as Alternative Homes

Michael Jimoh, THEWILL — Sun, 10 Mar 2024 13:18:49 +0000

March 10, (THEWILL)- “I pity the average Nigerian who has plans on building a house. What will they build? God help us.” That was the damning or rather frightening verdict of Mr. Folawe Adeniran an auto dealer living in Benin Edo state. When he wanted a two-bedroom brick house on a leased land in the […]

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OPINION: Nigeria In A State Of Shock

Prince Charles Dickson PhD — Tue, 05 Mar 2024 11:50:04 +0000

March 05, (THE WILL)- It is a trap that the giant rat disdains that wrenches its testicles backwards. Dangers that one belittles are liable to cause great havoc._ When Amy and I were first married, we purchased a really small home built in 1960. The only two closets in the entire house were shoebox […]

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Economic Hardship: Fagge Rep Empowers Constituents With N10m

Abdullahi Yusuf, THEWILL — Mon, 04 Mar 2024 10:38:33 +0000

March 04, (THEWILL) – A member of the House of Representatives, representing Fagge Federal Constituency of Kano State, Barrister Mohammed Bello Shehu, on Monday, disbursed over N10 million to women and youths in his constituency. Shehu said the money was meant for them to embark on small-scale businesses to cushion the current economic hardship. […]

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Investors Oversubscribe CBN N1 Trillion OMO Bills

Felix Ifijeh, THEWILL — Sun, 03 Mar 2024 22:14:53 +0000

March 03, (THEWILL)- Investors, on Friday, showed an insatiable appetite for the Federal Government’s securities, as the Central Bank of Nigeria (CBN) successfully sold N1.053 trillion ($680 million) in short-term instruments as part of its liquidity management exercise. The CBN offered N500 billion at the Open Market Operations (OMO) auction and it was oversubscribed, […]

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On Leo Stan Ekeh’s Silent Moves

Ivory Ukonu, THEWILL — Sun, 03 Mar 2024 12:05:19 +0000

March 03, (THEWILL)- Businessman and Chairman of Zinox Group, Leo Stan Ekeh has no doubt carved a niche for himself through his visionary contributions to Africa’s economy. Recently, one of his companies, TD Africa, secured a ground-breaking multi-million dollar deal with Starlink as it authorised the company which is Nigeria’s premier technology distribution powerhouse, to […]

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World Bank Group Prepares Major Overhaul to Guarantee Business

Sam Diala, THEWILL — Sun, 03 Mar 2024 11:05:43 +0000

March 04, (THE WILL)- The World Bank Group has announced a major overhaul to its guarantee business that will deliver simplicity, improved access, and faster execution through a new, convenient marketplace. The new reforms are critical to achieving the goal of tripling annual guarantee issuance to $20 billion by 2030. The Private Sector Investment Lab, earlier […]

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Running Nigerian Economy on Palliatives?

Marcel Okeke, THEWILL — Sun, 03 Mar 2024 10:55:28 +0000

March 03, (THEWILL)- In dealing with one of the initial shocks of the fuel subsidy removal in June 2023, many agencies of the Federal Government and a good number of state governments ‘officially’ reduced working days of the week to either three or two days, instead of the normal five. This initiative was a sort […]

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Dangote Advises Nigeria To Transit To Knowledge-Based Economy

Abdullahi Yusuf, THEWILL — Sat, 02 Mar 2024 08:19:45 +0000

March 02, (THEWILL) – Chief Executive Officer of Dangote Group, Alhaji Aliko Dangote, has recommended that Nigeria move from a resource-based economy to a knowledge-based economy. Dangote made the recommendation in a pre-convocation lecture he delivered as part of activities lined up for the 38th convocation of the Bayero University, Kano (BUK), at the weekend. “Given […]

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Nigerian Breweries Announces Price Hike Of Products

Felix Ifijeh, THEWILL — Tue, 13 Feb 2024 20:42:45 +0000

February 13, (THEWILL) – Nigerian Breweries Plc has announced an upward review in the prices of some products in its Stock-Keeping Units (STUs), with effect from February 19. This was disclosed in a letter signed by the Zonal Business Manager (West), Lekan Awosanya. Dated February 12, and titled: ‘Price Review Notification”, the letter reads in […]

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Amid Biting Inflation, Plummeting Living Standards, Bleak Yuletide Awaits Nigerians

Amos Esele, THEWILL — Mon, 25 Dec 2023 02:26:45 +0000

December 24, (THEWILL) – For millions of Nigerians, financial history appears to be repeating itself with vengeance. Money, which, according to a holy book, “answereth all things” may not be as available as desired during the Yuletide. Just as it happened between October 26, 2022 and January 31, 202 2022, when the Central Bank of […]

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