Sam Diala, THEWILL

Nigeria’s equity market gained N2.02trn, year-to-date, at the close of trading on February 24, 2023, the eighth week of trading in the year. Market capitalisation which opened with 29.93 trillion on January 4, closed N27.91 trillion on February 24, representing...

Shareholders of Nigeria’s quoted companies and industry experts have reacted to the recent policy by the Central Bank of Nigeria (CBN) on a new tenure limit for banks’ executive management and non-executive directors which unseat prominent industry players. The apex...

February 25, (THEWILL) - New guidelines issued by the Central Bank of Nigeria (CBN) on the tenure of Executive Management and Non-Executive Directors of banks and financial institutions have sent some top bank executives on immediate retirement. The guidelines, contained...

February 24, (THEWILL) - The Central Bank of Nigeria (CBN) has appointed Dr Isa Abdulmumin as the Acting Director of Corporate Communications Department of the apex bank. Abdulmumin’s appointment followed the retirement of Mr Osita Nwanisobi as the Director. Dr. Abdulmumin,...

Inflation in Nigeria The inflation rate for consumer prices in Nigeria moved over the past 62 years between -3.7 per cent and 72.8 per cent. During the observation period from 1960 to 2022, the average inflation rate was 16.1 per...

The chairman of Aba Power Ltd, Professor Bart Nnaji, has directed the company to allow electricity consumers who want to stagger their payment for prepaid meters to do so with immediate effect. This fact was made known this morning by...

Signs Agreement With Senegal Amid global concerns over energy security and a regional resolve on collaboration to deepen local content, the Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote, has proposed strategies that would...

Many Nigerians, including business entities, are increasingly embracing the use of electronic payment platforms amid cash-in-hand challenges in the implementation of the currency re-design policy of the Federal Government. As commercial banks run out of cash and Automated Teller Machines...

February 16, (THEWILL) - The Central Bank of Nigeria (CBN) has created a portal for bank customers to deposit their old naira notes amid scarcity of new naira notes. In a notice posted on its website titled ‘Redemption of Currency’,...

February 15, (THEWILL) - A survey conducted by this newspaper between February 10 and 14, 2023 revealed that more residents of Lagos, Nigeria’s commercial capital, have embraced alternative payment platforms as the scarcity of Naira notes bite harder. ...