Sam Diala, THEWILL

CBN’s Multi-Trillion Naira Intervention Projects in Limbo

March 10, (THEWILL)- Going by available data, over N5 trillion intervention projects birthed by the Central Bank of Nigeria (CBN), through its development finance department, are now in limbo. This followed the policy shift by the new leadership of...

CBN Reports Upsurge In Dollar Inflow as Remittances Quadruple, Foreign Investors’ Return

March 08, (THEWILL)- The Central Bank of Nigeria (CBN) reportmed a significant increase in foreign exchange inflow into the economy in February 2024, with marked increments in remittance payments by Nigerians overseas and purchases of naira assets by foreign...

FAAN Announces Plans to Relocate Businesses in Port Harcourt Airport

March 07, (THEWILL)- The Federal Airports Authority of Nigeria (FAAN)  has notified all affected businesses in the Port Harcourt International Airport about its planned relocation of their operations. The management of the Port Harcourt International Airport, on its part, disclosed...

SEC to Issue New Anti-money Laundering Regulations for Digital Assets Operators

March 07, (THEWILL)- The Securities and Exchange Commission (SEC) says it has developed new guidelines for licensing, registration and screening of digital and virtual assets service providers (VASPs). The SEC in a statement said the new measures would ensure that...

CBN Mandates Microfinance, Mortgage Banks, DFIs to Submit Monthly Financial Returns

March 07, (THEWILL)- The Central Bank of Nigeria (CBN) has mandated Microfinance banks, Primary Mortgage Banks (PMBs) and Development Financial Institutions (DFIs) to ensure they submit their financial returns monthly through the FinA application or risk sanctions. The CBN disclosed...

Unity Bank Upgrades Corpreneurship Prize Money to N16m Per Stream as 30 New Winners Emerge

March 07, (THEWILL)- In a bid to boost start-up capital and place more resources at the disposal of aspiring young entrepreneurs in Nigeria, retail lender, Unity Bank Plc has increased the prize money for winners of its flagship Entrepreneurship Development...

Exit of Binance Fails to Stem Naira Slump, Hits Lowest Spot in One Week

March 07, (THEWILL)- Despite the travails and the planned exit of the crypto exchange platform, Binance, announced on March 5, 2024, the naira maintained a free fall for the second day, hitting N1,605.74/$1 on Wednesday, March 6. The domestic currency...

NCDMB Hosts Oil Industry Players, Academia, on Research, Innovation Imperatives

March 06, (THEWILL) - Oil and gas industry stakeholders and leading academics on Tuesday began a three-day Research and Development (R&D) Zonal Workshop at the Niger Delta University (NDU), Amassoma, with special focus on needs-driven research and deepening...

SIM-NIN Linkage: Crisis Looms as NCC Confirms Over 40m Lines Blocked, to be Forfeited

March 06, (THEWILL) - There are concerns among the Nigerian telecommunication subscribers over the recent disclosure by the Nigerian Communications Commission (NCC) that over 40 million telephone lines have been blocked and also face the risk of...

Transcorp Power Lists on the Nigerian Exchange; Gains 10% First Day of Trading

March 05, (THEWILL) - Transcorp Power Plc, a power subsidiary of Transnational Corporation Plc (Transcorp Group), has listed its shares via introduction on the Main Board of the Nigerian Exchange (NGX). It added more than N1.8 trillion to...

About Me

Sam Diala is a Bloomberg Certified Financial Journalist with over a decade of experience in reporting Business and Economy. He is Business Editor at THEWILL Newspaper, and believes that work, not wishes, creates wealth.
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