Business

A letter from the Director of Banking Supervision (DBS), Central Bank of Nigeria (CBN), to banks and other financial institutions has once again brought the crucial issue of ethics and professionalism in the financial services industry to the front...

December 18, (THEWILL) – The Central Bank of Nigeria (CBN) has said its new cash withdrawal limit policy also addresses bulk withdrawal conditions. Speaking on Channels Television’s Sunrise programme, the Bank’s Director of Banking Supervision, Mustafa Haruna, said although the...

December 15, (THEWILL) – The African Export-Import Bank (Afreximbank) and US Eximbank have signed a $500m Memorandum of Understanding (MoU) to boost trade and investment in Africa. President and Chairman of the Board of Directors, Afreximbank, Prof. Benedict Oramah, disclosed...

December 14, (THEWILL) – United Airlines has announced the largest widebody order by a US carrier in commercial aviation history. The order includes 100 Boeing 787 Dreamliners with options to purchase 100 more. This historic purchase is touted as...

December 12, (THEWILL) - The Lagos State House of Assembly has passed a total of N1,768,014,155,285 as the budget for 2023, jacking it up by N78 billion. Governor Babajide Sanwo-Olu, in October 2022, presented the sum of N1.69 trillion before...

December 12, (THEWILL) - The World Bank has said that Nigeria’s projected revenue of N9.73 cannot pay/service its debt in 2023 as the debt servicing will gulp well over 100 percent of the federal government’s earnings. The new World...

As Nigeria grapples under a debt burden and cost of borrowing, the FMDQ Securities Exchange Limited says it is working towards the launch of Exchange Traded Derivative (ETD) products that will enable the government to raise funds at a...

Nigeria’s foremost investment advisory firm, Afrinvest West Africa Limited has urged investors to be cautious in their choice of windows in 2023 due to the spate of uncertainties the year portends. The firm made this disclosure at a forum with...

The recent emergence of Zenth Bank Plc as ‘Bank of the Year in Nigeria’ in The Banker’s Bank of the year awards 2022, points to another robust performance by the financial institution which occupies the top position as Nigeria’s...

Telecommunications operator Airtel Networks Limited has been named the sole bidder of the remaining 3.5GHz spectrum. Explaining the circumstances that gave Airtel the status of sole bidder, the Nigerian Communications Commission (NCC) informed that, by the close of business on...