Business

RT200 FX: Export Remittances Have Improved Significantly – CBN

September 20, (THEWILL) – The introduction of the “Race to $200 billion in FX Repatriation” (RT200 FX) by the Central Bank of Nigeria (CBN) has spurred significant improvement in the country’s export remittances, the apex bank has revealed. The Principal...

SEC Reiterates Commitment to Commodities Ecosystem Development

September 18, (THEWILL) – The Securities and Exchange Commission (SEC) has reiterated its commitment to developing the commodities ecosystem in Nigeria to boost its non-oil sector. The Director-General of SEC, Lamido Yuguda, stated this at the 2022 annual conference of the...

Nigeria’s Out-of-School-Children Burden

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By Cheta Nwanze It has been well acknowledged that primary school education is the foundation of individual and national development. The skills learnt at that level are the base on which the capacity for future economic productivity is built. Primary school...

MMA Ranks Fifth in Cargo Movement in Africa

With 204, 649 tonnes of cargo, Nigeria’s Murtala Muhammed International Airport, Lagos, Nigeria has been ranked among the top five air cargo airports in Africa in 2001. Nigeria is behind Jomo Kenyatta International Airport, Kenya with 363, 204 tonnes of...

Waka About Africa: Danbatta, Prof Aje, Others For FinTechTour Lecture

Organiser of the of FinTechTour lecture, Nwanma Chinyere Ogidi has assured that all is set for the 2022 edition. According to Nwanma, who disclosed this in an interview with Journalists in Lagos said the lecture would hold Sept. 22, 2022. She...

NCC, Civil Defence Corps Align to Tackle Telecoms Crimes

The Nigerian Communications Commission (NCC) has teamed with the Nigerian Security and Civil Defence Corps (NSCDC) to tackle some of the criminal activities bedeviling the telecom industry, such as telecom equipment vandalism and fraudulent registration of Subscriber Identity Module...

Experts Seek Review of 5% Shareholding Funds in Aviation Insurance

Stakeholders in the nation's insurance industry have called on the National Insurance Commission (NAICOM) to review the current regulation, which limits total insurance cover for aviation at the maximum of 5 per cent shareholding funds. As specified in the...

Despite Forex Restrictions, Palm Oil Importation Gulps N28.16bn in 6 Months

Nigeria imported palm oil to the tune of N28.16 billion in the first six months of 2022, as the value of agricultural commodities shipped into the country maintained an upward trend. Palm oil falls under the nation’s foreign exchange...

Access Holdings Gross Earnings Surge by 31% to N592bn

September 15, (THEWILL) – Access Holdings Plc has released its half-year 2022 financial result posting gross earnings of N591.803 billion for its 2022 half-year results, representing a growth of 31.42 percent year-on-year. In its unaudited half-year financials submitted to the...

We Are Well-Positioned to Meet Africa’s Banking Needs – UBA CEO

September 15, (THEWILL) – The Group Managing Director/Chief Executive Officer, United Bank for Africa (UBA) Plc, Oliver Alawuba, has said that the bank’s consistent investment in strengthening its digital channels have been paying off as UBA is well-positioned to...