Business

August 22, (THEWILL) - Stanbic IBTC Holdings has adopted a new name for its financial technology arm that was launched in May after 16 months in the works, the Tier-2 financial services group announced Monday. Stanbic IBTC Financial Services...

August 21, (THEWILL) - Global financial service firm JP Morgan has estimated Nigeria’s net FX Reserve to be around $3.7 billion which far contradicts the $37.15 billion reported by the Central Bank of Nigeria (CBN) as of December 31,...

August 20, (THEWILL) - The Equities market closed the week of August 14 in the negative territory.. The NGX All-Share Index and Market Capitalization depreciated by 0.93% and 0.42% to close the week at 64,721.09 and N35.422 trillion respectively, resulting...

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...