Business

May 20, (THEWILL) – The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained the benchmark interest rate at 27.50%. The benchmark interest rate, also called the monetary policy rate (MPR), determines the cost of borrowing...

May 20, (THEWILL) – The Central Bank of Nigeria has assured the public that the country's banking sector remains safe, sound, and resilient despite recent reports circulating on social media. In a statement on Monday, the Acting Director of...

May 19, (THEWILL) – The Development Bank of Nigeria (DBN) has unveiled a 5-year strategic plan to bolster the growth and expansion of the Micro, Small and Medium Enterprises (MSMEs) in the country amid a troubled macroeconomic environment.   The Bank’s...

May 18, (THEWILL) – Over the years, Nigerians abroad have experienced challenges in accessing the banking services at home to meet their various requirements. Aside from the lack of trust that permeates the environment, there is also the palpable challenge...

May 18, (THEWILL) – The Central Securities Clearing System PLC (CSCS) has launched  the *7270#, its Unstructured Supplementary Service Data (USSD) code service.   The USSD code service is an innovative solution designed to enhance the ease and accessibility of investment services for...

May 18, (THEWILL) – The Electric Money Transfer Levy (EMTL) component of the Federation Accounts Allocation Committee (FAAC) rose by N53.71 billion in April 2025 hitting N119.55 billion.   This constitutes an 81.57 percent increase year-to-date compared to a total of...

May 14, (THEWILL) – The Central Bank of Nigeria (CBN) has announced that its 300th Monetary Policy Committee (MPC) meeting will hold on Monday, May 19, and Tuesday, May 20, 2025. This was disclosed in a statement titled “Notice...

May 12, (THEWILL) – United Bank for Africa Plc (UBA) came top in digital banking revenue among 10 selected Nigerian deposit money banks (DMBs) according to data from their audited FY 2024 financial statements.   The e-banking income includes revenue from...

May 11, (THEWILL) – Lafarge Africa Plc successfully held its 66th Annual General Meeting (AGM) in Lagos recently during which its members applauded the company’s impressive performance in the FY 2024. The AGM, attended by shareholders, board members, and stakeholders, reviewed...

May 11, (THEWILL) – With the new management team recently constituted by President Bola Tinubu for the behemoth Nigeria National Petroleum Company Limited (NNPCL) in place, one fact is certain: The unending maintenance of the nation’s four refineries will...