Business

August 14, (THEWILL) – The Nigerian telecom sector is in dire straits, MTN Nigeria CEO, Karl Toriola, said on Tuesday. Toriola, who likened the industry to a patient in intensive care, said it is in urgent need of intervention to...

August 13, (THEWILL) – The Central Bank of Nigeria (CBN) has reintroduced the publication of several key economic reports. In a statement on Tuesday, the apex bank reaffirmed its commitment to fostering transparency and accountability in the Nigerian economy. The statement signed...

– ‘It’s politically induced’ –‘It’s good for financial system stability’ August 12, (THEWILL) – The planned merger of Unity Bank Plc and Providus Bank Limited, 37- and 8-year-old financial services institutions respectively, recently approved by the Central Bank of Nigeria (CBN),...

August 11, (THEWILL) – The recent directive by President Bola Tinubu, sequel to a deliberation of the Federal Executive Council (FEC) that the Nigerian National Petroleum Company (NNPC) Limited should begin to sell crude oil to Dangote Refinery and...

August 11, (THEWILL) – The Nigeria Inter-Bank Settlement System (NIBSS) has reminded banks and other financial institutions to forward their customers’ account details to its Industry Customer Account Database (ICAD). NIBSS disclosed this in a statement titled: “CBN’s directive: Submission...

August 11, (THEWILL) – In a dramatic turn of events, Nigeria’s agricultural sector received an investment inflow totaling $15.80 million (year-on-year) in the first quarter of the year (Q1 2024), according to data from the National Bureau of Statistics...

August 11, (THEWILL) – Ten months after the Senate embarked on a probe of the endless maintenance of Nigeria’s moribund refineries without a report, the upper and lower legislative chambers have jointly commenced a similar exercise. Following fresh controversies trailing...

August 10, (THEWILL) – Nigeria and the United States have renewed their commitment to deepen binding bilateral relations that will unlock new grounds for economic growth and socio-economic development. The two countries made the commitment in Abuja when the Minister...

August 08, (THEWILL) – The Federal Government of Nigeria spends a whopping $600 billion monthly on fuel importation, Wale Edun, Minister Of Finance and Coordinating Minister Of the Economy, disclosed on Tuesday. Edun, who spoke during an interview on...

August 08, (THEWILL) – The Central Bank of Nigeria (CBN) has reaffirmed its commitment to ensuring the proper functioning of the foreign exchange (FX) market by enhancing liquidity when necessary. In a significant move, the apex bank offered $876...