Business

March 01, (THEWILL) - Following anticipatory approval by the Central Bank of Nigeria (CBN), Nigeria’s largest bank by market capitalisation, Zenith Bank Plc, is set to unveil its new status as a financial holding company (HoldCo) with founder...

A number of Nigerian universities have appointed the immediate past Minister of State Petroleum Resources, Dr. Emmanuel Ibe Kachikwu, as a visiting Professor of Law. These include the University of Benin, Benin-City; Baze University, Abuja; Afe Babalola University, Ado-Ekiti,...

Nigeria’s equity market gained N2.02trn, year-to-date, at the close of trading on February 24, 2023, the eighth week of trading in the year. Market capitalisation which opened with 29.93 trillion on January 4, closed N27.91 trillion on February 24, representing...

Indigenous ship-owners in Nigeria are set to receive the first disbursement of the Cabotage Vessels Finance Fund (CVFF) from Primary Lending Institutions (PLIs) expected kick off in March 2023. The PLIs United Bank of Africa (UBA), Zenith Bank, Union Bank,...

There was excitement in Ogun State on Friday as the state recorded a remarkable feat, with the first commercial flight landing at the Gateway Agro Cargo International Airport along Iperu-Ilishan road in Ikenne Local Government Area of the State....

Shareholders of Nigeria’s quoted companies and industry experts have reacted to the recent policy by the Central Bank of Nigeria (CBN) on a new tenure limit for banks’ executive management and non-executive directors which unseat prominent industry players. The apex...

February 26, THEWILL) - Chief Executive Officers of Holding Companies (HoldCos) are not affected by the new tenure guidelines announced by the Central Bank of Nigeria (CBN) on Friday, the regulator said on Sunday in reaction to a report...

February 25, (THEWILL) - New guidelines issued by the Central Bank of Nigeria (CBN) on the tenure of Executive Management and Non-Executive Directors of banks and financial institutions have sent some top bank executives on immediate retirement. The guidelines, contained...

February 24, (THEWILL) - The Central Bank of Nigeria (CBN) has appointed Dr Isa Abdulmumin as the Acting Director of Corporate Communications Department of the apex bank. Abdulmumin’s appointment followed the retirement of Mr Osita Nwanisobi as the Director. Dr. Abdulmumin,...

Inflation in Nigeria The inflation rate for consumer prices in Nigeria moved over the past 62 years between -3.7 per cent and 72.8 per cent. During the observation period from 1960 to 2022, the average inflation rate was 16.1 per...