Business

MTN to Pay N15m for Unsolicited Messages, Caller Tunes on Customers’ Phones

December 22, (THEWILL) - The Court of Appeal in Abuja has awarded N15 million as general damages against MTN Nigeria Communications Limited for disturbing its Nigerian customer’s phone number with unsolicited messages and callertunes, without the customer’s subscription to...

Economic Hardship: PenCom Adopts Technology for Optimum Delivery

December 22, (THEWILL) - Amid prevailing economic hardship across the country, the National Pension Commission (PenCom) has embraced tech-driven initiatives in its regulation of the pension industry. This is in pursuit of its mandate of ensuring that retirement benefits...

Senate Sets New Minimum Capital Requirement For Insurance Companies

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December 18, (THEWILL) – The Senate, on Tuesday, passed for third reading, a bill seeking to increase the capital base of risk-based insurance companies. This followed the consideration and adoption of the recommendations of the report of a bill for...

CBN Sets Daily Cash Withdrawal Limit Of N100k On POS Per Customer

December 18, (THEWILL) – The Central Bank of Nigeria (CBN) has set a daily withdrawal limit of N100,000 per customer on point-of-sale (PoS) terminals. This is coming amid growing concern that PoS mobile agents are capitalising on lingering cash scarcity...

UBA Donates N500m To Lagos Security Trust Fund, Pledges Support For Improved Security

December 16, (THEWILL) – United Bank for Africa through UBA Foundation, its corporate social responsibility arm, has donated the sum of N 500 million to the Lagos State Security Trust Fund as part of its continued commitment to secure...

FAAC:  Revenue Surge Fails to Trim States’ Debt Profile 

December 16, (THEWILL) – Nigeria’s 36 states and the Federal Capital Territory (FCT) have been awash with cash in the past one year, following the surge in their share of the Federation Account Allocation Committee (FAAC).   However, this does not...

Concerns over Declining Foreign Investments in Oil, Gas, Telecom

..Amid $1trn Economy Dream December 15, (THEWILL) - Two critical sectors, oil, gas and telecommunications (Telecom), recorded poor foreign investment performance in the third quarter of the year (Q3 2024), according to the National Bureau of Statistics (NBS) Capital Importation...

Polaris Bank Wins Sectoral Award at 2024 NECA Employers’ Excellence Event

December 15, (THEWILL) - Polaris Bank has achieved yet another milestone by emerging as the Sectoral Winner in the Banking and Other Financial Institutions Sector category at the 2024 NECA Annual Employers’ Excellence Awards. The Bank received the sectoral recognition...

Equities Market Exceeds N60trn Mark As Investors Set for Huge Gains in 2024

December 15, (THEWILL) - The Nigerian equities market has advanced into the N60 trillion territory, a record performance that boosts investors’ optimism for massive gains haul in the next 10 trading days to close the year. At the end of...

Nigeria’s 2025 Budget: Gross Violation of Fiscal Responsibility Act

December 15, (THEWILL) - Whenever (and if ever) it comes into existence, Nigeria’s 2025 Federal Budget is already a gross violation of the letter and spirit of the country’s Fiscal Responsibility Act (FRA) 2007. Specifically, the timelines enshrined in...