Business

Ecobank Nigeria Upgrades Mobile App To Deepen Digital Banking Access

October 08, (THEWILL) — Ecobank Nigeria has unveiled an upgraded version of its mobile banking application, introducing new digital features aimed at delivering faster transactions, stronger security, and wider financial inclusion for customers across the country. The redesigned...

CBN Assures Nigerians Of Economic Stability As Monetary Reforms Yield Results

October 08, (THEWILL) — The Central Bank of Nigeria (CBN) has reaffirmed its commitment to sustaining monetary policies and economic reforms introduced by President Bola Tinubu, assuring that the measures are already yielding positive results in stabilising the economy. CBN...

UBA Launches 2025 Customer Service Week, Pledges Easier Banking Experience for Users

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October 08, (THEWILL) — United Bank for Africa (UBA) Plc has commenced activities marking its 2025 Customer Service Week, themed “Mission: Possible”, reaffirming its commitment to improving customer experience across all service touchpoints. The week-long event, which began on Monday,...

Equities Market Closes Slightly Higher Amid Mixed Sentiment

October 07, (THEWILL) — Trading on the Nigerian Exchange Limited closed on a positive note on Tuesday as renewed interest in select financial and insurance stocks lifted market performance despite mild profit-taking in other sectors. The All-Share Index rose slightly...

CBN’s ₦5m Fine Targets Rogue POS Agents, Pushes For Cleaner Financial System

October 07, (THEWILL) — The Central Bank of Nigeria has imposed a ₦5m fine on operators involved in illegal agent-banking activities, in what analysts describe as part of efforts to sanitise the country’s fast-growing but loosely regulated point-of-sale (POS)...

Nigeria’s 36 States, FCT Record N3.63trn IGR In 2024

October 07, (THEWILL) — Nigeria’s 36 states and the Federal Capital Territory (FCT) generated a combined N3.63 trillion in Internally Generated Revenue (IGR) in 2024, with Lagos State alone accounting for more than one-third of the total. According to the...

NIRSAL Unlocks N70bn Financing For Agriculture In 2025

October 07, (THEWILL) — The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL Plc) has announced a remarkable rebound in its operations, which has resulted in the facilitation of over N70 billion in commercial financing for agribusiness...

New Excise Tax Stamp May Raise Prices, Weaken Consumer Demand — Manufacturers Warn

October 07, (THEWILL) — Nigeria’s planned rollout of excise tax stamps on alcoholic and non-alcoholic beverages has drawn opposition from manufacturers, who warn the measure could drive up production costs, worsen inflation, and dampen consumer demand at a...

World Bank Raises 2025 Growth Forecast For Nigeria, Ethiopia To 3.8%, Sub-Saharan Africa To Expand By 4.4%

October 07, (THEWILL) — The World Bank has raised its 2025 growth forecast for Nigeria and Ethiopia to 3.8%, underscoring an improving macroeconomic outlook across Sub-Saharan Africa driven by easing inflation, stabilised currencies, and renewed investor confidence. According to the...

CBN Sets N1.2m Daily Transaction Limit For POS Agents

October 07, (THEWILL) — The Central Bank of Nigeria (CBN) has announced new guidelines for Point-of-Sale (POS) agents across the country, introducing a daily transaction limit of N1.2 million as part of efforts to strengthen oversight and standardise operations...