Business

IMF, World Bank Warn of Increasing Risk of Global Recession

October 10, (THEWILL) - The heads of the International Monetary Fund and World Bank have warned of a rising risk of a global recession as advanced economies slow and faster inflation forces the Federal Reserve to keep raising interest...

Access Bank’s Expansion to Boost Africa’s Payment Gateway

Recent expansion plans initiated by Access Holdings Plc whereby the organisation announced that its wholly owned subsidiary, Access Bank Plc, has entered into a binding agreement with Montepio Holding SGPS S.A (Montepio) to acquire a 51 percent majority shareholding...

MAN Condemns Invasion of Dangote Cement Plant by Kogi State Govt

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The Manufacturers Association of Nigeria (MAN) has strongly condemned the invasion of Dangote Cement Plant on Wednesday by the state’s security outfit, the Vigilantes, on the order of the State Governor Yahaya Bello, noting that such action will discourage...

Zenith Bank: Investors Predict Robust Growth in Q3

As Nigeria’s deposit money banks finalise the process of publishing their third quarter reports, investors are confident that Zenith Bank Plc will report an impressive result that would confirm its industry leadership status. The assertions are based on...

African Airlines Record 69.5% Rise in Passenger Traffic

A new data released by the International Air Transport Association (IATA) has shown that airlines experienced a 69.5 per cent rise in August as measured in Revenue Passenger Kilometers (RPKs) versus a year ago. The report showed that while there...

2023 Budget: Revenue Challenge Thickens, Puts Private Sector on Edge

The 2023 budget estimate of N20.51 trillion presented to a joint session of the National Assembly by President Muhammadu Buhari on Friday, October 7, 2022 showcased a spending plan that would be confronted with revenue challenges. It also puts...

Glo Unveils Banking Payment Platform

October 7 (THEWILL) - Globacom has unveiled a banking payment service platform called MoneyMaster PSB, to serve the unbanked and underbanked in Nigeria. In a statement on Friday, Glo said the PSB commenced commercial operations on May 30, 2022, while MoneyMaster...

Disbursement To Real Sector Hits N2.1trn – CBN

October 06, (THEWILL) - On Thursday, the Central Bank of Nigeria (CBN) said cumulative disbursements under the Real Sector Support Facility (RSSF) currently stand at N2.1 trillion. CBN spokesman, Osita Nwanisobi, made the disclosure at the ongoing 17th Abuja International Trade...

NCDMB Begins Customer Service Week in Grand Style

October 6, (THEWILL) – It was a blaze of colour at the Nigerian Content Tower, Swali, Yenagoa, Bayelsa State as Management and staff of the Nigerian Content Development and Monitoring Board (NCDMB), marked Day 1 of Customer Service Week...

MENA Economies Grow By 5.5% But Benefits Are Uneven

October 6, (THEWILL) – The economies of the Middle East and North Africa (MENA) region are expected to grow by 5.5% this year —the fastest rate since 2016—followed by a slowing of growth to 3.5% in 2023. Yet this...