Business

May 6, (THEWILL) - Following the enactment of the Cybercrime (Prohibition, Prevention, etc) (Amendment) Act 2024 and pursuant to the provision of Section 44 (2)(a) of the Act, the Central Bank of Nigeria (CBN) has directed all banks,...

May 6, (THEWILL) - The Securities and Exchange Commission (SEC) has unveiled plans by the Commission to delist the Naira from P2P (peer-to-peer) cryptocurrency trading platforms. The Ag Director General of the Commission, Dr. Emomotimi Agama, who disclosed this,...

May 6, (THEWILL)- Fitch Ratings has upgraded Nigeria’s credit rating outlook from stable to positive, saying the new rating partly reflects significant reforms by President Bola Tinubu to support the restoration of macroeconomic stability and enhance policy coherence. It affirmed...

May 6, (THEWILL)- The Central Bank of Nigeria, CBN, has expressed worries over the declining economic activities in the country. The CBN deputy governor of Corporate Services, Bala Moh’d Bello, disclosed this in a statement at the end of the...

May 5, (THEWILL) - Zenpay Limited, a wholly owned subsidiary of Zenith Bank Plc, has signed an Agreement with the African Continental Free Trade Area (AfCFTA) Secretariat, for the development and deployment of the SMARTAfCFTA Portal to facilitate...

May 5, (THEWILL)- Once upon a time, Nigeria’s national currency, the Naira, was the most sought-after medium of exchange and store of value within the Economic Community of West African States (ECOWAS); it was almost a fully convertible currency...

Guaranty Trust Holding Company Plc (GTCO) released its Q1-24 unaudited financial statements on Friday, reporting a whopping 696.1% y/y rise in earnings per share (EPS) to N16.24 for the period under review as against N2.04 in Q1 2023. The impressive...

May 5, (THEWILL)- As deposit money banks scamper for resources to meet up with the new capital base requirement announced by the Central Bank of Nigeria (CBN), the Nigerian Deposit Insurance Corporation (NDIC) has taken proactive measures to checkmate...

May 5, (THEWILL)- As Nigeria continues to rely solely on refined imported petroleum products, especially the Premium Motor Spirit (PMS), popularly known as petrol, there are strong indications that the recent fuel crisis that engulfed parts of Nigeria is...

May 4, (THEWILL)- Zenith Bank Plc has released its unaudited financial results for Q1 2024, revealing a pre-tax profit of N320.194 billion. This represents a notable 269.72% surge compared to the previous year. Additionally, this figure accounts for 40.23 %...