Business

Anchor Borrowers Programme: CBN Moves Against Loan Defaulters

September 08, (THEWILL) – Indications have emerged that the Central Bank of Nigeria (CBN) has begun moves against beneficiaries of its Anchor Borrowers Programme (ABP) who have defaulted in their loan repayments. This development follows the action by NIRSAL Microfinance...

60 Startups Selected For $4m Google Black Founders Fund

September 07, (THEWILL) - In its efforts to bridge the unemployment gap in Africa, Google announced that 60 eligible black-founded startups across Africa have been selected for the second cohort of Google for Startups Black Founders Fund (BFF)...

CBN, NEXIM, Others Reiterate Commitment to Improved Export Earnings

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September 06, (THEWILL) - The Central Bank of Nigeria (CBN), the Nigeria Export-Import (NEXIM) Bank, the Nigeria Sovereign Investment Authority (NSIA), and Heritage Bank PLC, among others, have reiterated their commitment toward improved local productive activities that will boost...

Stakeholders Decry Activities Promoting Environmental Abuse

The National Space Research and Development Agency (NASRDA), government agencies and stakeholders have decried human activities that contribute to environmental abuse, especially poor air quality across the country. They condemned this act on Friday at the close of the international...

CBN: Release of $265m to Foreign Airlines And Matters Arising

The Central Bank of Nigeria (CBN’s) widely publicised “release” of the sum of US$265 million, out of about half a billion US dollars trapped funds of foreign airlines in Nigeria, definitely raises many questions. The “release” of the fund...

First Bank Rewards Customers With Car, TVs in Verve Promo Finale

First Bank of Nigeria has rounded off its Verve Card campaign designed to reward customers for their continued usage of the Verve debit Card, with the presentation of a brand new car to the star prize winner as well...

Equities Market Loses N56bn in August

Nigeria’s equities market closed in August with a loss of N56 billion as the bearish trend which started in May continued to reconstruct the trading outcomes after market capitalization peaked at N29 trillion in May. Trading on the last...

Petrol Subsidy Payments Hit N2.04tr in Seven Months

The Nigerian National Petroleum Company (NNPC) Limited says it deducted N448.78 billion in July to cater for subsidy payments. The company said in its monthly presentation to the federation account allocation committee (FAAC) meeting on August 24th, 2022. The figures showed...

FMDQ Exchange Admits N2bn Accelerex SPV PLC Bond

FMDQ Securities Exchange Limited has announced the admission for listing on its platform, the Accelerex SPV PLC N2.28 billion Series 1 Fixed Rate Bond under its N20.00 billion Bond Issuance Programme. Accelerex SPV PLC (the “Issuer”) is a special purpose...

Over 50,000 Telecom Infrastructure Destruction Reported in 5 Years

Over 50,000 cases of major destruction to telecom infrastructure and facilities have been reported across the country in the past five years, raising alarm over the implication of these incidents to the quality of telecommunications services in Nigeria. Executive Vice...