Business

Naira Inches Towards N1000/$1, 2 Months After Emefiele’s Suspension

The naira plunged deeper to N948/$1 at the parallel market on Friday, August 11, 2023 – two months after Mr Godwin Emefiele was suspended from office as Governor of the Central Bank of Nigeria by President Bola Tinubu on...

N500bn Palliative: Task Before NDIC Over Microfinance Banks’ Role

The plan by the Federal Government to engage the microfinance banks (Mfbs) in the implementation of its N500 billion palliative programme, brings to the fore the need for the Nigeria Deposit Insurance Corporation (NDIC) to step up its statutory...

We Received No Court Order, AGM Must Hold As Planned – FBNH

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August 10, (THEWIL) - FBN Holdings Plc has said it did not receive a court order stopping it from holding the Annual General Meeting (AGM) scheduled for August 15, 2023, emphasizing that the AGM would hold as scheduled. The company...

NGX Partners CSCS, Euroclear On Dollar Settlement Platform For Fintechs

August 10, (THEWILL) - Nigerian Exchange Limited (NGX) has disclosed that it is working with the Central Securities Clearing System (CSCS) Plc and Euroclear to create a dollar settlement platform that will enable tech startups to raise in...

Two Months After Emefiele’s Suspension, Naira Plunges To N915/$, Widens Gap To N132.62

August 10, (THEWILL) - The Naira plummeted to N915/$ on Wednesday, August 9, 2023, exactly two months after President Bola Tinubu suspended the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, from office on June 9, 2023. Checks...

Zenith Bank And AfCFTA Sign Agreement To Develop SMARTAfCFTA Portal

August 09, (THEWILL) - Zenith Bank Plc has signed a Memorandum of Understanding (MoU) with the African Continental Free Trade Area (AfCFTA) Secretariat for the development of the SMARTAfCFTA Portal, for trade promotion within the African continent. The...

World Bank Suspends New Funding to Uganda Over Anti-homosexuality Law

August 09, (THEWILL) - The World Bank Group on Tuesday said it is suspending new public financing to Uganda over the country’s enactment of its new Anti-Homosexuality Act. The bank, in a statement on Tuesday, made available to THEWILL,...

Revenue Drops As Nigeria’s Cinemas Rake In N482 Million In July

August 09, (THEWILL) - The Cinema Exhibitors Association of Nigeria (CEAN) has said it generated N482 million revenue across all cinemas in July, an amount lower than the N567 million made in the preceding month of June. However, in...

Why We Protested At First Bank – Shareholders’ Group Leader

August 08, (THEWILL) - The chairman of the Trusted Shareholders’ Association, Mukhtar Mukhtar, has disclosed the reason his members protested at the headquarters of FBN Holdings in Lagos on Monday, August 6. In a telephone chat with THEWILL, Mukhtar said...

Nigerians Should Brace Themselves For Impact Of Reforms – Ike Chioke, GMD, Afrinvest

Group Managing Director, Afrinvest (West Africa) Limited, Mr Ike Chioke, spoke with journalists on the sidelines of the company’s mid-year investment parley in Lagos. SAM DIALA was there. Excerpts: Your mid-year review is entitled ‘Turning Point’. Can you explain this? It...