Business

NCDMB: Senate Wants Idle $400m Intervention Funds Utilised

February 09, (THEWILL) - The Nigerian Senate has uncovered $400 million in intervention funds domiciled in banks and other financial institutions for a couple of years and said they should be put to use. This was disclosed...

NNPC, CBN to Strengthen Relationship to Guarantee Seamless Commercial Operations

February 09, (THEWILL) - The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd.), Mallam Mele Kyari, and the Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, have reviewed the decision...

Senate Summons Tinubu’s Economic Team Over State Of Economy, Naira

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February 07, (THEWILL) - The Senate, on Tuesday, summoned President Bola Tinubu’s economic team over the state of the economy and the free fall of the Naira. THEWILL recalls that the Senate Committee on Banking, Insurance, and Other Financial...

Lagos Fuel Scarcity Signifies Crisis as PH Refinery Repairs Linger

February 07, (THEWILL) - Signs of petrol scarcity have been noticed in Lagos since Monday as motorists queue at the few filling stations for hours to buy the commodity where it is available. Many sales outlets do not have...

African Countries Spend $20bn Annually On Wheat Imports

February 06, (THEWILL) - Amid scarce resources and conflicts which impact negatively on their economy, African countries spend a whopping $20 billion annually on wheat importation. This disclosure was made by the Head of Technologies for African Agricultural Transformation (TAAT)...

Global Food Inflation Remains High – World Bank

February 06, (THEWILL) - The World Bank says inflation in food prices remains high globally. The World Bank declared in its latest Food Security Update report on Tuesday that available data on food prices showed high inflation in low, middle...

NCC Boss Reiterates Consumer Satisfaction Amid Quality Service Delivery

February 06, (THEWILL) - The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Dr Aminu Maida has reiterated the commission’s commitment to all critical stakeholders in the telecom value chain, stressing his loyalty to the Nigerian consumers. He disclosed...

Education, Medical Tourism Abroad Are Putting Pressure On Naira – CBN

February 06, (THEWILL) - The Central Bank of Nigeria (CBN), on Tuesday, attributed the current hike in the exchange rate between the dollar and the naira, to increasing demand for dollars by Nigerian students studying abroad and those who...

DMO Announces Two-year, Three-year Savings Bonds For Investors

February 05, (THEWILL) - The Debt Management Office (DMO) has announced the launch of new 2-year and 3-year Savings Bonds, offering attractive interest rates to investors seeking secure investment opportunities. In a statement on Monday, the DMO said the bonds...

Why CBN Relocated Some Departments To Lagos – Cardoso

February 05, (THEWILL) - Central Bank Governor, Olayemi Cardoso, says the relocation of some departments of the apex bank, to Lagos, will help to decongest the headquarters of the apex bank in Abuja. The decision of the CBN to relocate...