Business

Number Of Active Bank Accounts Rises To 151m, NIBSS Says

February 14, (THEWILL) - New data from the Nigeria Inter-Bank Settlement System Plc (NIBSS) has revealed that the number of active bank accounts in Nigeria increased to 151 million in December 2022, Despite a 13 percent growth in...

Master Bakers, Caterers To Embark On Nationwide Strike On February 27

February 13, (THEWILL) - Bakers and caterers under the aegis of Association of Master Bakers and Caterers of Nigeria (AMBCON) has announced plans to withdraw its service nationwide from February 27, should the Federal government refuse to implement the...

Companies Earning Below N25m Exempted From Paying Tax — FIRS

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February 13, (THEWILL) - The Federal Inland Revenue Service (FIRS) does not require companies earning less than N25 million to pay tax, says an official of the agency According to the official, FIRS has no plans to tax online content...

Experts Reveal Factors to Shape Economic Growth in 2024

February 13, (THEWILL) - A Pan-African Credit Rating Agency, Agusto & Co. has identified three major economic variables that are likely to have far-reaching impacts on Nigeria's Gross Domestic Product (GDP) gowth in 2024. The leading provider of...

Access Holdings Appoints Bolaji Agbede As Acting Group Chief Executive Officer

February 13, (THEWILL) - Following the death of Herbert Wigwe, the founding Group Chief Executive Officer of Access Holdings Plc, the board of directors of the Group, has appointed Ms Bolaji Agbede as the Acting Group Chief Executive Officer...

NGX Group Mourns Loss Of Former Chairman, Ogunbanjo…Commiserates With The Family Of Wigwe

February 11, (THEWILL) - Nigerian Exchange Group Plc (NGX Group) is deeply saddened to acknowledge the tragic passing of our former Group Chairman, Bamofin Abimbola Ogunbanjo, OFR, and the Group Managing Director of Access Holdings Plc, Dr. Herbert Wigwe,...

Why New Minimum Capital Base For Tier-1 Banks Should Be At Least $5bn

February 11, (THEWILL) - The issue of minimum capital base for deposit money Banks has, once again, come to the front burner, following the indication by the Governor of the Central Bank of Nigeria (CBN) earlier this year that...

Market Cap, ASI Depreciate In Weekend Of Feb 9

February 11, (THEWILL) - The NGX All-Share Index and Market Capitalization depreciated by 2.45% and 2.49% to close the week at 101,858.37 and N55.735 trillion respectively. A total turnover of 2.478 billion shares worth N47.856 billion in 54,982 deals was...

NCC Withdraws Disconnection Order After Glo, MTN Resolved Debt Dispute

February 11, (THEWILL) - The Nigerian Communications Commission (NCC), has confirmed that MTN Nigeria Communications Plc. (MTN) and Globacom Limited (Globacom), have amicably resolved their interconnect debt dispute. In accordance with this resolution, the disconnection approval granted to MTN for...

FG Sets up Committee To Resolve Gas Shortage

February 11, (THEWILL) - The Federal Government has set up a ministerial committee towards resolving the challenges associated with gas supply to power-generating companies (GenCos) in the country. Bolaji Tunji, special adviser on strategic communication and media relations to the...