Business

FirstBank Emerges Best Private Bank in Nigeria, Best Private Bank For Sustainable Investment in Africa at Global Finance Awards

April 28, (THEWILL)- First Bank of Nigeria Limited, West Africa’s premier financial institution and leading financial inclusion services provider, announced its recognition as the Best Private Bank in Nigeria and Best Private Bank for Sustainable Investment in Africa at...

Food Insecurity to Worsen Agric GDP Decline in 2024

April 28, (THEWILL)- Nigeria’s rising headline inflation rate has been driven by high cost of food. This has been the trend for a long time now, culminating in the latest inflation surge of 33.2 percent in March 2024, up...

N30trn Ways And Means: Senate’s Financial Probe Exceeds Deadline, Rolls Into Eight Weeks

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April 28, (THEWILL)- The Senate’s probe of N30 trillion Ways and Means loan obtained by the Muhammadu Buhari Administration from the Central Bank of Nigeria (CBN) has snowballed into eight weeks, against the scheduled four weeks deadline for a...

Telcos Push For Tariff Hike To Reflect Economic Realities

April 26, (THEWILL) - Telecoms operators in Nigeria have called for cost-reflective tariff in view of extant economic realities. The appeal is subsequent to earlier request by the Association of Licensed Telecom Operators of Nigeria (ALTON), for the...

CBN Disowns Notice On Cryptocurrency Transactions

April 25, (THEWILL) - The Central Bank of Nigeria (CBN) says a notice circulating on social media about the risk of cryptocurrency did not originate from it and, therefore, is fake news. The CBN disclosed this via its official X...

Nigeria’s External Debt Servicing Rose By 55% To $3.5bn In 2023

April 24, (THEWILL) - Nigeria’s external debt servicing hit $3.5 billion in the fiscal year that ended December 31, 2023, according to data from the Central Bank of Nigeria (CBN). The data is contained in the latest CBN’s Quarterly...

MRS Oil Seeks Shareholders’ Approval To Delist From NGX

April 23, (THEWILL) - The Board of MRS Oil Nigeria Plc will, at the company’s Extraordinary General Meeting (EGM) scheduled for May 21, 2024, request shareholders’ endorsement to voluntarily delist from the Nigerian Exchange Limited (NGX). The decision to exit...

Again, BDCs Get Dollars As CBN Warns Against Selling Above 1.5% Of Purchase Price

April 23, (THEWILL) - The Central Bank of Nigeria (CBN) has announced the sale of $10,000 to Bureau De Change (BDC) operators at the rate of N1,021/$1. A letter signed on Monday, April 22, by Dr. Hassan Mahmud,...

Air Peace Maiden London Flight: Govt. Collected Over N134m in Taxes From Passengers

April 22, (THEWILL)- The Nigerian government and its agencies amassed over N134.78 million as taxes on the fully booked maiden London flight of Air Peace Airline on Saturday, March 30, 2024  -- investigation has shown. The amount which comprises ‘Taxes’...

Nigerian Economy: Presidential Emergency Panels to The Rescue?

April 21, (THEWILL)- Nine full months into the tenure of President Bola Tinubu, it is becoming increasingly clear that rather than improving, the national economy has been getting farther into the woods; with practically all economic indices running in...