Business

Sierra Leone Defence Ministry Receives $4.7m Vehicles From IVM

The first batch of vehicles manufactured for the government of Sierra Leone by Innoson Vehicle Manufacturing Ltd (IVM), has been delivered to the West African country by the Nnewi-based indigenous automaker. The vehicles, which arrived at Freetown on Monday,...

NGX, IFC Promote Opportunities in Green, Social, Sustainability Bonds

The Nigerian Exchange Limited (NGX) and International Finance Corporation (IFC), has announced a partnership to facilitate the issuance of green, social and sustainability bonds in Nigeria to increase financing for projects that address climate and social issues. The announcement...

NCAA Probes Peter Obi’s Pilot For Violating Safety Rules

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The pilot that flew the presidential candidate of Labour Party (LP), Peter Obi, from Benin City to Lagos for the party’s rally held in Ibadan, Oyo State on Wednesday is under investigation for violation of safety procedures. The Nigerian Civil...

Naira Redesign: CBN Targets Agency Networks For Financial Inclusion

There is an indication that the plan by the Central Bank of Nigeria (CBN) to engage Agency Banking Networks in the currency redesign exercise will achieve the two-prong benefit of fast-tracking financial inclusion among the country-side dwellers. Many Nigerians...

Economy: Emefiele Lauds Monetary Policy Gains, Urges Quick Recovery Plans

November 28, (THEWILL) - The Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele has said that the intervention schemes and other monetary policy initiatives of the apex bank helped in sustaining the productive capacity of the economy amid COVID-19...

Nigeria’s GDP Grows By 2.25% In Q3 2022 — NBS

November 24, (THEWiLL) - Nigeria’s Gross Domestic Product (GDP) grew by 2.25% (year-on-year) in real terms in the third quarter of 2022, the National Bureau of Statistics (NBS), said in its GDP report released on Thursday. The Q3 2022 growth...

Naira Redesign: Our Plans for Rural Dwellers – CBN

November 23, (THEWILL) - The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, said residents in rural areas have no excuse for not depositing old naira notes before the phase-out deadline of January 31, 2023. Addressing journalists at...

Group Seeks Reform of Maritime Sector

November 23, (THEWILL) - Concerned by the myriad of challenges against operational efficiency in the nation’s maritime sector, an advocacy group has embarked on a monthly maritime breakfast briefing to articulate views and create ideas that provide strategic policy inputs...

Kolmani Oil And Gas Project Attracts Over $3BN Investment In Fossil Energy — Buhari

November 22, (THEWILL) - President Muhammadu Buhari has declared that his administration attracted over $3bn investment in the Oil and Gas Sector at a time of near-zero appetite for investment in fossil energy. Speaking at the Flag-off Ceremony of the...

CBN Raises Interest Rate To 16.5%

November 22, (THEWILL) - In a bid to reduce inflationary pressures, the Central Bank of Nigeria (CBN), has raised its benchmark interest rate, known as Monetary Policy Rate (MPR), for the fourth time in 2022 by 100 basis points...