Sam Diala, THEWILL

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. ...

February 14, (THEWILL) - The West Africa Regional Director for Ford Foundation, Dr. ChiChi Aniagolu-Okoye has called for a people-centered approach in dealing with security and trade issues on the African continent. “Regional entities must use a...

February 14, (THEWILL) - The Central Bank of Nigeria (CBN) has released telephone numbers through which members of the public could report errant PoS agents exploiting the public by selling new naira notes, or charging above N200 naira for...