Business

Functional Dangote Plant Halts Unending Repairs of NNPC’s Refineries

February 16, (THEWILL) –In a dramatic coincidence, Nigeria’s four moribund refineries, which have laid comatose for well over two decades, have returned to life. This is happening at a time Dangote Petroleum Refinery has begun production and inching close...

GTBank Introduces Zero Processing Fee on POS Terminals for SMEs

February 16, (THEWILL) – Guaranty Trust Bank Ltd (GTBank) has scrapped processing fees on all its point-of-sale (POS) terminals, allowing small and medium-sized enterprises (SMEs) to receive payments at no cost. The bank announced the initiative in a notice to...

Stock Market Investors Record N1.82trn Gain in February 2nd Week

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February 16, (THEWILL) – Nigeria equities market continues to reward investors with enhanced gains as the local bourse remained bullish at the end of the second week trading in February, 2025.   Market capitalisation, closed at N67.41 trillion on Friday, February...

Keystone Bank Safe, Sound, Fully Operational – CBN Assures

February 14, (THEWILL) – The Central Bank of Nigeria (CBN) has assured the public, including depositors and other stakeholders of Keystone Bank Limited, that the financial institution remained safe, sound, and fully operational. The assurance followed Tuesday's ruling of an...

FBNHoldings Rebrands As First HoldCo

February 12, (THEWILL) – FBN Holdings Plc, one of Africa’s premier financial institutions, has announced the change of its name to First HoldCo Plc. (First HoldCo). In a statement on Tuesday, the company said this naming convention will also be...

BIPC Demands N65.8bn Equity Shares From Dangote Cement

February 11, (THEWILL) – Benue Investment and Property Company Limited (BIPCL) has vowed to pursue all available options to recover its outstanding equity share payment of ₦65,871,293,212.30, which Dangote Cement Company PLC has failed to settle 19 years...

CBN Reschedules February 2025 MPC Meeting

February 11, (THEWILL) – The Central Bank of Nigeria (CBN) has rescheduled the 299th meeting of its Monetary Policy Committee (MPC) to February 18 and 19, 2025. THEWILL reports that the apex bank had planned the meeting for February 17...

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 

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...