Business

Unity Bank Upgrades Corpreneurship Prize Money to N16m Per Stream as 30 New Winners Emerge

March 07, (THEWILL)- In a bid to boost start-up capital and place more resources at the disposal of aspiring young entrepreneurs in Nigeria, retail lender, Unity Bank Plc has increased the prize money for winners of its flagship Entrepreneurship Development...

Exit of Binance Fails to Stem Naira Slump, Hits Lowest Spot in One Week

March 07, (THEWILL)- Despite the travails and the planned exit of the crypto exchange platform, Binance, announced on March 5, 2024, the naira maintained a free fall for the second day, hitting N1,605.74/$1 on Wednesday, March 6. The domestic currency...

SIM-NIN Linkage: Crisis Looms as NCC Confirms Over 40m Lines Blocked, to be Forfeited

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March 06, (THEWILL) - There are concerns among the Nigerian telecommunication subscribers over the recent disclosure by the Nigerian Communications Commission (NCC) that over 40 million telephone lines have been blocked and also face the risk of...

Transcorp Power Lists on the Nigerian Exchange; Gains 10% First Day of Trading

March 05, (THEWILL) - Transcorp Power Plc, a power subsidiary of Transnational Corporation Plc (Transcorp Group), has listed its shares via introduction on the Main Board of the Nigerian Exchange (NGX). It added more than N1.8 trillion to...

Economic Crisis: NDIC Roles Erase Concerns Over Financial System Stability

March 04, (THEWILL) –  The revelation by the Nigerian Deposit Insurance Corporation (NDIC) that it recently reimbursed depositors of 179 rested microfinance and four mortgage banks across the country was timely. Coming after the Corporation said it made cumulative payments...

World Bank Group Prepares Major Overhaul to Guarantee Business

March 04, (THE WILL)-  The World Bank Group has announced a major overhaul to its guarantee business that will deliver simplicity, improved access, and faster execution through a new, convenient marketplace.  The new reforms are critical to achieving the goal...

Why There are Revenue Leakages – FIRS Chairman

March 03, (THEWILL) - The Executive chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, has identified multiple collection channels as the cause of  revenue leakages. Adedeji spoke when he appeared before the House of Representatives Committee on finance to...

Running Nigerian Economy on Palliatives?

March 03, (THEWILL)- In dealing with one of the initial shocks of the fuel subsidy removal in June 2023, many agencies of the Federal Government and a good number of state governments ‘officially’ reduced working days of the week...

Protection Of Nigerian Depositors Remains Priority, NDIC Says

The Nigeria Deposit Insurance Corporation (NDIC) has disclosed that the Corporation has introduced the Single Customer View (SCV) framework to expedite payment to depositors of closed banks while reiterating that their priority is to protect Nigerian depositors. Speaking at the...

Govt Slams Binance with $10bn Fine

March 03, (THEWILL)- The crypto trading platform Binance has been slammed with a $10 billion fine by the Federal Government over allegations of influencing the country’s forex crisis. The special adviser to President Bola Tinubu on information and strategy, Bayo...