Business

Senate Committee, NCDMB Hold Inaugural Meeting, To Collaborate On Local Content Implementation

February 11, (THEWILL) - The Senate Committee on Local Content on Wednesday held the first interactive session with the leadership of the Nigerian Content Development and Monitoring Board (NCDMB) at the Senate Building at Abuja and resolved to collaborate...

Electricity: Estimated-Billing Customers Increase As DisCos Exploit Nigerians

February 11, (THEWILL) - Nigeria’s electricity distribution companies (DisCos) are raking in enormous revenue from poor services while their estimated-billing customers continue to rise and groan. The recent Nigeria Electricity Report by the National Bureau of Statistics (NBS) for Q3...

FBN Holdings Set For Robust Credit Expansion Amid Challenging Environment

February 10, (THEWILL) - Navigating through an unprecedented challenging environment, FBN Holdings Plc, the parent company of the country’s oldest bank, FirstBank of Nigeria, is expanding its loan book to support the economy, data from its unaudited 2023 financial...

Cardoso Reveals CBN’s Position On Ways And Means To FG

February 09, (THEWILL) - The Governor, Central Bank of Nigeria (CBN) , Dr Olayemi Cardoso has said the bank will no longer grant Ways and Means to the federal government without having all the outstanding balance settled. Ways and...

FirstBank Clinches Corporate Bank Award At 2023 Euromoney Awards

February 09, (THEWILL) - Nigeria’s premier financial institution and financial inclusion services provider, FirstBank, has been announced as the Best Corporate Bank at the recent prestigious Euromoney Awards for Excellence, Nigeria 2023. A statement issued by Folake Ani-Mumuney, Group...

NCDMB: Senate Wants Idle $400m Intervention Funds Utilised

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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

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)...