Sam Diala, THEWILL

May 24, (THEWILL) – Nigeria’s economic growth slowed in the first quarter of 2023 as the Gross Domestic Product (GDP) grew by 2.31 per cent year-on-year within the quarter, the National Bureau of Statistics (NBS) has said. The statistics...

May 24, (THEWILL) – The Central Bank of Nigeria (CBN) on Wednesday after the two-day Monetary Policy Committee (MPC) meeting, raised its benchmark interest rate known as the Monetary Policy Rate (MPR), by 50 basis hit 18.5 --...

May 24, (THEWILL) - The Nigerian National Petroleum Company Ltd on Tuesday commenced an oil drilling campaign at the Wadi-B well located in Jere Local Government Area of Borno State. The Group Chief Executive Officer of NNPCL, Mele Kyari, said...

May 23, (THEWILL) - The Central Bank of Nigeria (CBN) has revoked the operating licences of 132 microfinance banks, four primary mortgage banks, and three finance companies in the country. The revocation exercise was disclosed in the official gazette of...

May 22, (THEWILL) - The Governor, Central Bank of Nigeria (CBN), Godwin Emefiele, has commended the Dangote Group for establishing a reputation for credit worthiness. He also disclosed that a huge portion of the commercial loans extended to the group...

May 21, (THEWILL) - The Infrastructure Concession Regulatory Commission (ICRC) has said the concession of three ports by the Federal Executive Council (FEC) would attract an investment of $3.7 billion from the private sector. The Director-General of the ICRC, Michael...

May 21, (THEWILL) - Telecom group, MTN, has said it plans to increase prices in selected markets due to the elevated inflation in the operating environment. This disclosure was made in its 2023 first quarter report filed on the Johannesburg...

Investors in Nigeria’s second-oldest bank, Union Bank of Nigeria Plc, have expressed dismay over the planned delisting of the 106-year-old financial services institution from the Nigerian Exchange, emphasising that the action smacks of poor corporate governance. The Tier-2 bank had...

Nigeria on Monday, May 22, 2023 will score a global first, a huge turning point in her 62 years of chequered history. On that day, Dangote Petroleum Refinery, the world’s largest single-train 650,000 barrels per day petroleum refinery with...

May 21, (THEWILL) - The Nigerian Communications Commission (NCC) has reported that telecommunication mobile services subscriptions in the country declined by 0.4 per cent to 225.8 million in March 2023 from the 226.8 million subscriptions recorded in the preceding...