Business

SabiMONI: CBN Issues Guide on Usage of Platform

May 27, (THEWILL) - The Central Bank of Nigeria (CBN) has issued procedures on how individuals can set up a profile on the new digital financial literacy platform called SabiMONI. Last week, the apex bank Deputy Governor, Aishah Ahmad, announced...

‘Africa Holds World’s Future Talent Pool’

Africa, with its diverse cultures and people, has much to offer the world of work. In addition, the agility, resilience, and creativity of Africans, as well as their appetite to contribute to the global economy, make them the perfect...

Banks Can Now Issue NIN Cards to Nigerians – Minister

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May 25, (THEWILL) – The federal government says Nigerians can now request their commercial banks to issue them with a debit card which doubles as their National Identity Card at no extra cost. The Minister of Communications and Digital...

South Africa Mulls Coal to Counter Energy Crisis

May 24, (THEWILL) – South Africa, which is going through an energy crisis, is weighing the possibility of extending the operational lives of two of its largest coal-fueled power plants to boost energy security, Oilprice.com reports Wednesday. The plants,...

Natural Gas: U.S. Prices Climb 3%, As Europe’s Drop To Lowest Level Since 2021

May 24, (THEWILL) – Energy experts say cooler temperatures this week and a dip in available wind power this month are boosting the demand outlook for June for U.S. natural gas, leading to nearly 3% price gains on...

Nigeria’s Economy Declined to 2.31% in Q1 2023, Amid Cash Crunch

May 24, (THEWILL) – Nigeria’s economic growth slowed in the first quarter of 2023 as the Gross Domestic Product (GDP) grew by 2.31 per cent year-on-year within the quarter, the National Bureau of Statistics (NBS) has said. The statistics...

CBN Raises Interest Rate to 18.5 % Amid Rising Inflation, Slowing Growth

May 24, (THEWILL) – The Central Bank of Nigeria (CBN) on Wednesday after the two-day Monetary Policy Committee (MPC) meeting, raised its benchmark interest rate known as the Monetary Policy Rate (MPR), by 50 basis hit 18.5 --...

28 Years After, NNPCL Resumes Oil Drilling in Borno

May 24, (THEWILL) - The Nigerian National Petroleum Company Ltd on Tuesday commenced an oil drilling campaign at the Wadi-B well located in Jere Local Government Area of Borno State. The Group Chief Executive Officer of NNPCL, Mele Kyari, said...

CBN Revokes Licences of 132 Microfinance Banks, Others

May 23, (THEWILL) - The Central Bank of Nigeria (CBN) has revoked the operating licences of 132 microfinance banks, four primary mortgage banks, and three finance companies in the country. The revocation exercise was disclosed in the official gazette of...

Emefiele Applauds Dangote’s Commitment to Credit Worthiness, Says Huge Portion of $18bn Refinery Loans Repaid

May 22, (THEWILL) - The Governor, Central Bank of Nigeria (CBN), Godwin Emefiele, has commended the Dangote Group for establishing a reputation for credit worthiness. He also disclosed that a huge portion of the commercial loans extended to the group...