Business

August 20, (THEWILL) - In view of the challenges that emerged from the electronic payment system in the first quarter of 2023, stakeholders are set to provide solutions in line with Nigeria's Payment System Vision (PSV) 2025. The Central...

August 20, (THEWILL) - In order to stem the slide in naira arising from dollar scarcity, the Central Bank of Nigeria (CBN) has announced additional guidelines for Bureau De Change (BDC) operators in an overall bid to improve efficiency...

August 20, (THEWILL) - Transcorp Power Limited has consolidated its position in Nigeria’s power sector as it acquired a 60 percent stake in Abuja Electricity Distribution Company (AEDC), raising hope of improved supply in the territory. The group has made...

August 20, (THEWILL) - The board of Zenith Bank Plc has announced a delay in the release of its 2023 Half-Year (HY) financial results due to post-audit issues. This was disclosed in the company’s statement to the Nigerian Exchange...

The announcement by the Nigerian National Petroleum Company Limited (NNPCL) on August 16, 2023 that it had secured a $3 billion emergency crude repayment loan from the African Export-Import (AFREXIM) bank to stabilise the naira, has generated mixed reactions. While...

August 18, (THEWILL) - The Nigeria Deposit Insurance Corporation (NDIC), has disclosed plans to probe the directors of 179 Microfinance Banks (MFBs) and four Primary Mortgage Banks (PMBs), whose licences were recently revoked by the Central Bank of...

August 18, (THEWILL) - The Central Bank of Nigeria (CBN) has introduced a foreign exchange (FX) price verification system (PVS) portal to enable importers to access forex. The CBN, in a statement on Thursday night, said a price verification...

August 17, (THEWILL) - The Chartered Institute of Bankers of Nigeria (CIBN) has said that the foreign exchange reform introduced by the Central Bank of Nigeria (CB) which involves floating the naira, is unsuitable for economic development. In a...

August 17, (THEWILL) - The Nigerian National Petroleum Company Limited (NNPCL) has explained that the $3 billion crude oil loan agreement it signed with the African Export-Import (AFREXIM) bank was not tied to a sovereign guarantee and will not...

August 16, (THEWILL) - The board of Access Corporation Plc has announced a delay in the release of its Half-Year (HY) financial results due to an ongoing audit of its subsidiaries. This was disclosed in the company’s statement to...