Business

CBN Further Increases Monetary Rate To 15.5%

September 27, (THEWILL) – As predicted by many analysts, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has, for the third time in five months, increased the official interest rate by an aggregate of 450...

Firstbank Partners Verve International To Make Customers Millionaires

September 27, (THEWILL) – Verve International, in partnership with FirstBank, has launched its third national consumer promo, designed to reward users of FirstBank Verve card with exciting gifts and cash prizes to appreciate their patronage and use of the...

Export Promotion: Nigerian Shippers’ Council Harps on Regional Maritime Co-operation

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September 26, (THEWILL) – The Nigerian Shippers’ Council (NSC) has advocated for increased partnership from operators in the maritime industry. This is for them to take advantage of the various port enhancement initiatives to promote regional maritime services, export and...

Sterling Bank to Change Name as Shareholders Approve Restructuring

September 26, (THEWILL) – Sterling Bank Plc will take a new name after receiving shareholders’ approval to convert from a core banking business to a holding company, its board said on Monday, setting it up for the opportunity to...

New Presidential Economic Team: What Agenda?

September 25, (THEWILL) – The Federal Government, to the chagrin and perhaps, bewilderment of most Nigerians, recently inaugurated a ‘Presidential Committee on the National Economy’—just about 35 weeks to the end of the eight-year (two terms) tenure of the Administration. Truly,...

Ethiopian Airlines Wins Bid For Nigeria Air

After a detailed and Infrastructure Concession Regulatory Commission (ICRC)- governed selection process, Ethiopian Airlines (ET) Consortium has been selected as preferred bidder for the operation of Nigeria Air. Nigeria Air is a proposed airline and flag carrier in Nigeria....

Equity Market Records Mixed Sentiments

A total turnover of 562.856 million shares worth N9.438 billion in 16,013 deals was traded last week by investors on the floor of the Exchange, in contrast to a total of 719.398 million shares valued at N8.004 billion that...

MOMAN Backs Energy Transition, Safety in Downstream Operations

The Major Oil Marketers Association of Nigeria (MOMAN) has reiterated its support to Nigeria’s energy transition and efforts of the Federal Government to actualise its net zero carbon emission target by 2060. MOMAN also said it had within the last...

AfDB, Islamic Bank, Others Invest $618m in Digital Programmes in Nigeria

The African Decvelopment Bank (AfDB), the Islamic Development Bank (IsDB), and the French Development Agency (FDA) are investing $618 million in the Digital and Creative Enterprises Programme (I-DICE) in Nigeria. The President of the AfDB, Akinwumi Adesina, said this...

SMEDAN Holds Fair For MSMEs in Lagos

Over one hundred micro small and medium enterprises MSMEs are expected to participate in the 2022 MSMEs fair to be held in Ipodo, Ikeja Lagos State next Monday. The fair which is organized by the Small and Medium Enterprises Development...