Business

EMTL Boosts FAAC by N20.54bn as NIBSS  Tracks Multi-billion Naira Bank Frauds

March 03, (THEWILL) – The Nigerian government raked in N20.54 billion in January 2025, from Electronic Money Transfer Levy (EMTL) as part of the N1.7 trillion Federation Accounts Allocation Committee proceed shared by the three tiers of government. A press...

Expanding Jobless GDP Mirrors Troubled Agriculture, Manufacturing Sector

March 02, (THEWILL) – The Federal Government is celebrating the country’s recent Gross Domestic Product (GDP) report published by the National Bureau of Statistics (NBS), which showed a 3.84 percent growth in real terms in the fourth quarter (Q4)...

Q4 2024: Nigeria’s GDP Expands By 0.38 % To 3.8% As Growth In Industry Falls By 1.86% – NBS

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February 25, (THEWILL) – Nigeria’s Gross Domestic Product (GDP) grew by 3.84% in the fourth quarter of 2024, reflecting a steady economic expansion, according to the latest report from the National Bureau of Statistics (NBS). The NBS, in...

Promoting Agribusiness amid Insecurity

February 24, (THEWILL) – The Nigerian government has been promoting agriculture and agribusiness with an unusual vigour and in a manner that suggests that those in authority are oblivious of the frequent killings of farmers, especially in Benue state. Benue,...

CPI Rebasing, Stable Naira Mask Operating Challenges Against Businesses

February 23, (THEWILL) – The recent rebasing of Nigeria’s Consumer Price Index (CPI), as announced by the National Bureau of Statistics (NBS) and the momentary stability of the naira in the foreign exchange market, are capable of obscuring the...

CBN Ratains Interest Rate At 27.50%

February 20, (THEWILL) – The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained the benchmark interest rate at 27.50%. At the last 298th MPC meeting held on November 25 and 26, 2024, the apex bank...

CBN Directs Banks, Financial Institutions To Publish Dormant Account Details

February 19, (THEWILL) – The Central Bank of Nigeria has instructed all deposit money banks and other financial institutions to publish details of dormant accounts, including the names of account holders, account types, and branch locations, on their official...

Nigeria’s Inflation Dropped To 24.48% In January After CPI Rebasing – NBS

February 18, (THEWILL) – Nigeria’s headline inflation rate declined from 34.80% in December 2024 to 24.48% in January 2025 following the rebasing of the Consumer Price Index, the National Bureau of Statistics announced on Tuesday. The rebasing...

UBA Group Champions Peace In Africa With Landmark $500,000 Donation To AU Peace Fund

February 18, (THEWILL) – United Bank for Africa (UBA) Plc demonstrated its commitment to fostering peace and stability across Africa with a landmark donation of $500,000 to the African Union (AU) Peace Fund. This donation by the Group supports the...

Kogi Investment Summit: Memories of February 2018 Economic Mirage

February 17, (THEWILL) – Undaunted by a deluge of criticism and negative media reports, the Kogi State Government, under Alhaji Yahaya Bello, as governor, braved a two-day ‘Kogi Economic and Investment Summit’ February 13-14, 2018. It was the first in...