Business

NIBSS Upgrades NQR Payment for Enhanced Digital Transactions in Nigeria

February 10, (THEWILL) – With digital transactions hitting over N1 quadrillion in 2024, the Nigeria Inter-Bank Settlement System (NIBSS) has unveiled significant upgrades to its Nigeria Quick Response (NQR) payment system, designed to streamline and enhance digital transactions for...

NCDMB Hosts Nigerian Army Personnel, Showcases Milestones in Local Content Implementation

February 09, (THEWILL) – The Nigerian Content Development and Monitoring Board (NCDMB) on Thursday in Yenagoa, Bayelsa State, played host to a visiting team of ranking military officers from the Nigerian Army Resource Centre (NARC), Abuja, who are in...

Recapitalisation: FCMB in Massive Digital Innovation, as IT/IS Costs Jump 56% in 2024 

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February 09, (THEWILL) – Ahead of the March 31, 2026 recapitalisation deadline, Nigeria’s foremost financial services institution, the FCMB Group Plc, is expanding its digital banking landscape to effectively operate in the highly competitive environment that would emerge from...

CBN Extends FX Sale Period To BDCs Until May 30

February 04, (THEWILL) – The Central Bank of Nigeria has announced the extension of the sale period of foreign exchange to Bureau de Change operators until May 30, 2025. The development was disclosed in a circular issued on Monday, signed...

Electronic Money Transfer Levy Soars 107.23% to N31.21bn in December

February 03, (THEWILL) – In a dramatic twist of events, Electronic Money Transfer Levy accelerated by 107.23 percent in December, 2024, to N31.21 billion from N15.06 billion recorded in the preceding month of November. Compared with the equivalent period of...

Stock Market Rewards Investors with N1.9trn in January

-As GTCO Positions for Market Share Consolidation February 02, (THEWILL) – Investors in Nigeria’s stock market hummed delightful tunes to mark an impressive performance by the domestic bourse which enriched them with almost N2 trillion in January 2025. The development marked...

NASENI Celebrates Halilu’s Young Global Leader Award

February 02, (THEWILL) – The National Agency for Science and Engineering Infrastructure (NASENI) has celebrated its Executive Vice Chairman/Chief Executive Officer, Khalil Suleiman Halilu, for being honoured with the Young Global Leader Award by ThisDay Newspaper during its recent...

Access Bank Appoints Uche Orji As Independent Non-Executive Director

February 01, (THEWILL) – Access Holdings Plc has announced the appointment of Mr Uche Orji, as an Independent Non-Executive Director of its flagship subsidiary, Access Bank Plc. A statement by the company secretary, Sunday Ekwochi, said the appointment, which takes...

Moniepoint, AfriGO Boost FG’s Digital Payment Agenda With Tap-To-Pay Solutions

March 01, (THEWILL) – To enhance the availability of digital payment services to Nigerians, Moniepoint Inc has announced a strategic partnership with Afrigopay Financial Services Limited (AFSL), a subsidiary of the Nigeria Inter-Bank Settlement System (NIBSS), to further enhance...

Nigeria E-payment Transactions Hit All-time High Of N1.07 Quadrillion In 2024

January 30, (THEWILL) – Electronic payment transactions in Nigeria rose to an all-time high of N1.07 quadrillion in 2024 – a point never witnessed in the nation’s financial services history. A quadrillion is an equivalent of N1,000 ...