Business

August 18, (THEWILL) – The macro headwinds that triggered the current recapitalisation exercise in Nigeria’s banking industry have pushed the banks into fierce competition for service delivery and market share. As industry analysts have observed, the unexpected magnitude of the...

August 14, (THEWILL) – Dangote Refinery has refuted reports that it has fixed petrol prices at N600 per litre. This follows a claim by the Independent Petroleum Marketers Association of Nigeria (IPMAN) that the Dangote Refinery will sell its Premium...

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...