Business

Group Wants Transparency on E-Customs $3.1bn Project

The Forum of Non-Governmental Organisations in Nigeria (FONGON) has tasked President Muhammadu Buhari to come clean on the Nigeria Customs Modernisation Project, known as the E-Customs Project, worth $3.1 billion, which was recently re-awarded by the Federal Government to...

Controversy Over AMCON’s Status as Airlines Turnaround Manager

The President and CEO of Sabre West Africa, Dr Gabriel Olowo, has faulted the status of the Asset Management Corporation of Nigeria (AMCON) as a turnaround manager of airlines in the country. Dr Olowo, who also doubles as the President...

Cashless Policy: Nigerian Banks, FAAC, Amass N135.56trn in Q1

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Nigeria’s deposit money banks and other financial institutions, together with the Federation Accounts Allocation Committee (FAAC), raked in N135.56 trillion from electronic payment transactions in the first quarter (Q1) of 2023 as the Central Bank of Nigeria (CBN) intensifies...

Nigerian Economy: Fresh Agenda For New Beginning

In a matter of days, the Muhammadu Buhari Administration will hand over to a ‘brand new’ government. By implication, the control of the economy, warts and all, will have to change hands. It is therefore most auspicious to proffer...

Ways and Means: Nigeria’s Debt Profile now N69trn

May 05, (THEWILL) - Like the upper legislative chamber, the Senate, the House of Representatives on Thursday approved the request by President Muhammadu Buhari to restructure the N22.71 trillion Ways and Means advances the Central Bank of Nigeria (CBN)...

Access Bank Receives Regulatory Approval To Acquire Majority Equity In Angola Bank

May 04, (THEWILL) – Access Holdings Plc said its flagship subsidiary, Access Bank Plc, has received regulatory approval from the Central Bank of Angola, Banco Nacional de Angola, for the acquisition of majority equity stake in Finibanco Angola S.A. The...

Zenith Bank Excites Shareholders with N100.47bn Dividend

May 03, (THEWILL) – Shareholders of Zenith Bank Plc approved the N100.47 dividend proposed by the Board at the Bank’s 32nd Annual General Meeting (AGM) held virtually from the Civic Centre, Victoria Island, Lagos, Tuesday. The shareholders unanimously approved the...

We’re Addressing Payment System Challenges – CBN

May 03, (THEWILL) – The Central Bank of Nigeria (CBN) says it is tackling threats to payment system in order to advance the cashless policy and deepen financial inclusion. The Governor, CBN, Mr Godwin Emefiele, disclosed this in his...

BVN Enrolment Rose To 57.43m In March 2023 – CBN

May 02, (THEWILL) - Enrolment in the Bank Verification Number (BVN) system rose to 57.43 million as of March 31, 2023. The scheme has also contributed in fighting fraud and crime in the financial services industry. This disclosure was made...

Nigeria Ranks Among Top Ten Payment Security Systems Globally – Emefiele

May 02, (THEWILL) - Nigeria’s payment security system is among the top ten as the world abandons the traditional cheque and cash transactions for digital payment systems. The Central Bank of Nigeria (CBN) governor, Godwin Emefiele, made this disclosure Tuesday...