Sam Diala, THEWILL

May 25, (THEWILL) - Transactions worth N114.8 trillion were performed electronically in Nigeria between January and April this year. The Nigeria Inter-Bank Settlement Systems (NIBSS). The deals were consummated through the NIBSS Instant Payment platform (NIP). This shows a 44 percent...

May 24, (THEWILL) - The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has voted to increase the monetary policy rate (MPR) to 13 percent after two and half years. The MPR was 11.5 percent before...

May 22, (THEWILL) - To insulate the economy against adverse spillovers from the Russia-Ukraine war, indications have emerged that the Central Bank of Nigeria (CBN) will deploy targeted development finance interventions that have proved to be critical safety nets...

May 22, (THEWILL) - As the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) meets for its May 2022 meeting this week, analysts at Cordros Capital Limited, see the MPC raise the monetary policy rate (MPR) by 0.5...

May 21, (THEWILL) - The Nigerian Communications Commission (NCC), has said that the country’s leading telecommunication companies lost over 17,000 subscribers between June 2021 and February 2022. Details of data published on the regulatory agency’s website showed that the four...

May 21, (THEWILL) - The Central Bank of Nigeria has urged Nigerians to embrace the digital e-Naira as paper currency would soon be out of circulation. The Delta State Branch Controller of CBN, Mr Godwin Okafor, stated this on Friday,...

May 21, (THEWILL) - The Nigerian Exchange Limited (NGX) has fined six insurance firms a total of N89.6 million, for failure to file their financial statements after the regulatory due date. The affected companies were sanctioned during the year 2021...

May 19, (THEWILL) - In its efforts to enhance financial services through data sharing across the banking payment systems, the Central Bank of Nigeria has issued the regulatory framework for Open Banking in Nigeria. In a circular titled, ‘Operational guidelines for...

May 19, (THEWILL) - As predicted in some quarters, the Federal government has declined its consent to the proposed acquisition of oil and gas assets belonging to Mobil Oil Producing Nigeria Unlimited (MPNU) by Seplat Energy Plc, citing overriding...

May 17, (THEWILL) – Nigeria’s foremost brewing company, Nigerian Breweries Plc, has commissioned civil works of its expansion project at Ama Brewery, Enugu State. The expansion project worth N56 billion (or 112 million euros) is expected to boost the...