Business

2023: Investors Must Be Cautious In Choosing Opportunities – Afrinvest

Nigeria’s foremost investment advisory firm, Afrinvest West Africa Limited has urged investors to be cautious in their choice of windows in 2023 due to the spate of uncertainties the year portends. The firm made this disclosure at a forum with...

Zenith’s ‘Bank Of The Year Nigeria’ Award Signals Robust Year-End Performance

The recent emergence of Zenth Bank Plc as ‘Bank of the Year in Nigeria’ in The Banker’s Bank of the year awards 2022, points to another robust performance by the financial institution which occupies the top position as Nigeria’s...

Why Airtel Emerged Sole Bidder Of 3.5GHz spectrum – NCC

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Telecommunications operator Airtel Networks Limited has been named the sole bidder of the remaining 3.5GHz spectrum. Explaining the circumstances that gave Airtel the status of sole bidder, the Nigerian Communications Commission (NCC) informed that, by the close of business on...

CBN’s Cash Withdrawal Limits Expand Tax Revenue Window

The Central Bank of Nigeria (CBN)’s new policy on over-the-counter cash withdrawal limits as well as withdrawal limits for Automated Teller Machines (ATM) and Point of Sale (POS) terminals has widened the window for tax revenue. The CBN had on...

Nataniel Bassey, Other GTBank Customers Decry Bank’s Poor Quality Control System

December 11, (THEWILL) - A cross section of Guaranty Trust Bank Customers have lamented the bank's dwindling quality control system, which has resulted in unnecessary delays in transactions, unexplained debits and non-reversal of transactions, amongst other anomalies in their...

Sanwo-Olu Disbands Landed Properties Special Operations Team

December 11, (THEWILL) - The Lagos State Governor, Babajide Sanwo-Olu, has disbanded the Landed Properties Special Operations Team with immediate effect. This was announced in a statement by the Commissioner for Information and Strategy, Gbenga Omotoso, on Saturday, December...

Merger: Sigma, First Guarantee now Access Pensions

December 11, (THEWILL) - Following the completion of the acquisition of Sigma Pensions and First Guarantee Pension, by Access Corporation, both companies have now been unveiled as Access Pensions. A statement said Access Pensions is a subsidiary of Access Corporation...

Total Public Debt Hits N44.06trn In Q3 2022 – DMO

December 10, (THEWILL) - Nigeria’s public debt reached N44.6 trillion in the third quarter of 2022 (Q3 '22), data released by the Debt Management Office (DMO) show. The DMO, in a press statement on its website, said the figure represents...

PenCom Approves 34 Financial Institutions For RSA Holders’ Residential Mortgage Scheme

December 10, (THEWILL) - The National Pension Commission (PenCom) has released a list of 34 mortgage Banks, licenced for the Residential Mortgage scheme for Retirement Savings Account Holders. The mortgage financial institutions approved for the scheme include Abbey Mortgage...

Appeal Court Voids Sale Of Intercontinental Hotel, Orders Return To Milan Group

December 09, (THEWILL) – The Court of Appeal, Lagos, has voided the sale of Intercontinental Hotels, Lagos, by Polaris Bank and Asset Management Corporation of Nigeria (AMCON). A unanimous judgement delivered by three Justices of the Appeal Court: Jimi Olukayode...