Business

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...

UPDATED: Naira Redesign: N1 Trillion Mopped Up — Emefiele

December 08, (THEWILL) - As commercial banks get set to receive the newly redesigned naira notes by December 15, cash deposits by customers have hit about N1 trillion, Nigeria’s Central Bank Governor, Godwin Emiefele, disclosed on Thursday. Emefiele made this...

Non-Reversal of Transactions Unsettles Ecobank Customers

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December 08, (THEWILL) - In the past few days, Pan African Bank, Ecobank Nigeria, has recorded quite a number of complaints largely due to non-reversal of transactions which in most cases have been debited from the sender but did...

eNaira Transactions Hit N8bn – CBN

December 08, (THEWILL) – The Central Bank of Nigeria (CBN) has said its eNaira application has so far recorded a total digital transaction valued at about N8 billion, as at the end of October, 2022. Recall that the eNaira...

Afrinvest Highlights Investment Outlook, Opportunity for 2023

December 07, (THEWILL) - Afrinvest West Africa has outlined investment outlook for 2023 and how investors can explore the opportunities and guide against threats expected in the new year. Speaking during the investor parley held on Wednesday in Lagos with...

DMO Issues Two FGN Savings Bonds At N1,000 Per Unit

December 07, (THEWILL) - The Debt Management Office (DMO) has announced its December issuance of two Federal Government of Nigeria (FGN) Savings Bonds for subscription at N1,000 per unit. In a statement, the DMO said the first offer is a...

Angry Customers Call Out Polaris Bank Over Poor Service Delivery

December 07, (THEWILL) - A wide range of Polaris Bank customers is not happy with the financial institution, following cases of non-reversal of wrong debits, hanging transfers, etc. While some are threatening to pull out of the bank, others have...

Naira Redesign: CBN Announces New Cash Withdrawal Limits

December 06, (THEWILL) - The Central Bank of Nigeria (CBN) has announced a new cash withdrawal limit. The apex bank announced the new regulation in a letter to all Deposit Money Banks (DMBs) and other Financial Institutions, including Payment Service...

Emmanuel Njoku’s Lazerpay In Economic Jeopardy

December 06, (THEWILL) - The once thriving business of tech wonderkid, Emmanuel Njoku, may just be in jeopardy, as his crypto payment startup, Lazerpay, is currently experiencing an upheaval, due to the economic downturn. First, one of its major...

DMO Lists Ways to Tackle Nation’s Debt Burden, Revenue Challenges

December 05, (THEWILL)The Director-General of the Debt Management Office (DMO), Ms Patience Oniha, has stressed the need for Nigeria to operate an efficient tax administration to tackle revenue challenges. Oniha said this at the 2022 Capital Market Correspondents Association of...