Business

CBN Denies Plans To Suspend Fintech Accounts

March 28, (THEWILL) – The Central Bank of Nigeria (CBN) has debunked rumours that it plans to suspend the accounts of fintech firms. The apex bank described the story trending in the social media as fake news. The CBN offered...

Stanbic IBTC Pension Managers Leads in Micro Pension Contribution

March 28, (THEWILL) – The Stanbic IBTC Pension Managers Limited tops the list of Nigeria’s pension managers in the Micro Pension Plan (MCP) contribution introduced four years ago. This is contained in a release by the National Pension Commission...

Access Bank Expands Frontier with Regulatory Approval To Acquire Zambian Bank

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March 28, (THEWILL) – Nigeria’s largest financial services institution by assets, Access Holdings Plc, is set to expand its frontier with the regulatory approval to acquire a major Zambian bank. The Central Bank of Zambia has given approval...

Domestic Airfares Increase By 66.4% In One year – NBS

March 27, (THEWILL) - Domestic air transport fares increased by 66.36 per cent in one year, the National Bureau of Statistics (NBS) said in its latest report on Transport Fare Watch for February 2023. According to the Bureau, the...

Anchor Borrowers’ Programme: CBN Disburses N12.65bn in Two Months

The Central Bank of Nigeria (CBN) disbursed a total of N12.65 billion to three agricultural projects under the Anchor Borrowers’ Programme (ABP) between January and February 2023. This disclosure was made by the governor, CBN, Mr Godwin Emefiele, during the...

Equities: Market Cap Gains N4bn in March Week 3 Trading

The Equities Market recorded a N4 billion gain in the third week trading in March with N29.90 trillion as against N29.89 on Monday. Data by the Nigerian Exchange (NGX) Limited Weekly Report showed that the bourse also ended positive...

Cashless Policy: NCC Clears Telecoms Operators on Banks’ Network Failure

The Nigeria Communications Commission, (NCC), has exonerated telecommunications operators of network failures being experienced by bank customers in their transactions saying there is the need for banks to work on their internal configuration to make the cashless policy succeed. The...

Seplat Energy Plc: Vitriolic Attacks Threaten Gas Dev Plan, N645bn Investors’ Funds

The recent vitriolic attacks on the corporate entity of Nigeria’s foremost energy firm, Seplat Energy Plc, and its Chief Executive Officer (CEO), Mr. Roger Brown, could threaten the nation’s historic Gas Development Plan and, also, jeopardise investors’ assets in...

Guaranty Trust Holding Company Plc Gives Notice of Late Annual Report Issuance

Guaranty Trust Holding Company (GTCO) Plc has said that its Audited Financial Statements (AFS) for the year ended 31 December 2023, will not be published within the first quarter in line with statutory requirements. In an advertorial published in some...

Shareholders Bemoan Foreign Acquisition of Indigenous Insurance Firms

The Independent Shareholders Association of Nigeria (ISAN) has described as pathetic the acquisition of local insurance firms by foreign conglomerates under the aegis of Foreign Direct Investment (FDI), saying it portends bad omen for sustainable growth of the Nigerian...