November 26, (THEWILL) - The total assets of 10 Nigerian deposit money banks were collectively eroded by $24.73 billion (N18.7 trillion) as of September 30, 2023, following the devaluation of the Naira, computations by THEWILL have shown.
The financial services...
November 25, (THEWILL) - The Central Bank of Nigeria (CBN) has advised the deposit money banks to be prepared to boost their capital base in order to meet the need of the envisioned $1 trillion economy of the...
November 23, (THEWILL) - The Chairman, Board of Directors of Access Holdings Plc, Bababode Osunkoya, is dead.
This is according to a statement filed with the Nigerian Exchange Limited on Thursday night.
It says Osunkoya died after a brief illness...
November 23, (THEWILL) - Nigeria’s Gross Domestic Product (GDP) grew by 2.51% year-on-year in real terms in the second quarter of 2023, which is 0.2% points higher than 2.31% recorded in the previous quarter but 1.03% lower compared to...
November 23, (THEWILL) - The Nigerian Content Development and Monitoring Board (NCDMB) has refuted a media report which falsely alleged that its Executive Secretary, Mr Simbi Kesiye Wabote said that international oil companies (IOCs) in Nigeria, including Shell, “were...
November 23, (THEWILL) – Jaiz Bank Plc has appointed Haruna Musa, as substantive managing director.
A regulatory filing at the Nigerian Exchange (NGX), said the appointment has been approved by relevant authorities including the Central Bank of Nigeria (CBN).
Musa, whose...
November 22, (THEWILL) -Â The Minister of State for Petroleum (Oil), Senator Heineken Lokpobiri, has reiterated the stance of the Federal Government that licences for marginal fields risk revocation if beneficiaries fail to fulfill terms of the agreement relating to...
November 22, (THEWILL) - A bill seeking to stop a two-year jail term as part of the punishment for issuing dud cheques has passed second reading at the Senate.
The bill titled, “Act to Repeal and Reenact the Dishonored...
November 22, (THEWILL) - Oil bearing communities in Bayelsa State have bemoaned prolonged delays in implementating the host community fund component of the Petroleum Industry Act (PIA).
Representatives of the communities regretted that since the PIA came into effect...
November 21, (THEWILL) - Iraq is considering establishing a free trade zone for selling imported goods in local currency, the Iraqi Dinar. The move would benefit consumers from competitive prices and help the dinar grow stronger in the...
