Business

FBN Holdings Upscales Credit Expansion as Deposit Base Soars

FBN Holdings Plc, the parent company of First Bank of Nigeria Limited, has stepped up the tempo of credit expansion to support the economy; this is amid operating challenges that create risk-averse strategies. Alongside, the group enjoys a bolstering...

El-Rufai Is Confused – NNPC Ltd Slams Kaduna Gov Over Oil Comment

October 15, (THEWILL) – The Nigerian National Petroleum Company, NNPC, Limited has countered the claims made by Governor Nasir El-Rufai of Kaduna State regarding the performance of the oil firm. Gov. El-Rufai was quoted in the media to have...

Pencom Set To Commence 2023 Verification Exercise For FG Retirees

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October 15, (THEWILL) – The National Pension Commission (PenCom) has announced the commencement of 2023 online Verification and Enrolment Exercise for retirees/prospective retirees of Federal Government Treasury-Funded Ministries, Departments and Agencies. PenCom said this in a statement on its Website. It...

Sub-Saharan Africa: Living on The Edge

October 14, (THEWILL) – Sub-Saharan Africa’s economic activity is expected to slow significantly in 2022 and remain relatively modest in 2023. A downturn in advanced economies and emerging markets, tighter financial conditions, and volatile commodity prices, have undermined last...

Nigeria, Ghana Yet To Approach Us For Debt Restructuring – World Bank

October 14, (THEWILL) – The World Bank has said Nigeria and Ghana are yet to approach the bank as well as the International Monetary Fund (IMF) for the framework on debt restructuring. President of the Group, David Malpass clarified...

Private Sector Gets Over N62.28trn Credit in Q1 2021 — NBS

October 13, (THEWILL) – The National Bureau of Statistics (NBS), says the total credit allocated to the private sector by the banking industry in Q1 of 2021 stands at N62.28 trillion. This is according to the NBS Selected Banking Sector...

We May Tighten Student, Work Visas Against Nigerians – UK Govt

October 12, (THEWILL) – The British government says it may tighten its student and work visa conditions to address what it considers an abuse of the policy by Nigerians in the country. The government mulls this measure amidst worries over...

Experts See Nigeria’s Inflation Rate Soar as IMF Slashes Growth Forecast to 3.2%

October 12, (THEWILL) – In what looks like a double-barrel pessimistic outlook, foremost advisory firm, Financial Derivatives Company (FDC) Limited, has projected that Nigeria’s headline inflation will rise further to 20.9 percent in September 2022 from 20.52 per cent...

Ehingbeti: Veritable Forum for Investors – Sanwo-Olu

October 12, (THEWILL) – The Lagos State Governor, Babajide Sanwo-Olu, has said that Ehingbeti, the state’s annual economic summit, is a veritable convening forum for the best and brightest investors who want to explore the wealth opportunities of the...

CIBN Appoints Akin Morakinyo Registrar/Chief Executive

October 11, (THEWILL) – The Chartered Institute of Bankers of Nigeria (CIBN), has appointed Akin Morakinyo, as the Registrar/Chief Executive of the institute. CIBM in a statement by its Head, Corporate Communications, Mrs Folake Akintayo, said the appointment was announced...