Business

Fresh $550m Foreign Airlines’ Trapped Funds Uncovered

Despite the Federal Government's recent release of $265 million of foreign airlines' trapped funds in the country, there is an indication that Nigeria and other African countries are still withholding over $550 million that is yet to be repatriated...

‘Access Bank Leading Sustainable Banking in Nigeria’

Access Bank PLC has said it is at the forefront of Sustainable Banking in Nigeria, noting that it has created indelible footprints in that area. The bank’s deputy managing director, Ms. Chizoba Okolie, disclosed this at the Sustainable Banking Roundtable...

Q2 GDP: DBN’s Support Holds Prospects For SMEs in Real Sector Growth

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The financing and capacity building support offered by the Development Bank of Nigeria (DBN) to small and medium enterprises (SMEs) will enable the operators to step up their activities in the real sector value-chain. This is more significant in...

NDIC Publishes Final Dividend Declaration Call To Depositors, Creditors

September 02, (THEWILL) – The Nigeria Deposit Insurance Corporation (NDIC) has published a final dividend declaration notice to depositors of 20 failed banks. The NDIC also published a final dividend declaration notice to creditors of five banks in-liquidation. The notice published on...

NACCIMA Announces Appointment Of Obadimu As New DG

September 02, (THEWILL) – The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), has announced the appointment of Sola Obadimu, as its Director-General, effective 1st September, 2022. Before this appointment, Obadimu was the Director-General with the Nigerian-American...

Treasury Bills: CBN Auctions N446.15bn At Higher Cost In August 2022

September 02, (THEWILL) - In the month of August 2022, the Central Bank of Nigeria (CBN) sold a total of N446.15bn in Treasury bill auctions. This was 9.47% higher than the N407.55bn allotted in June. Specifically, for the 91-day tenor,...

Microsoft Appoints Kunle Awosika As ATO Managing Director

September 01, (THEWILL) - Microsoft veteran and Africa expert, Kunle Awosika, has been appointed Managing Director for the Africa Transformation Office, just as Wael Elkabbany, steps into a new role heading up the Africa Regional Cluster. The Africa Transformation Office (ATO)...

Nigeria’s Investment Inflow Fell By 2.4% in Q2 2022 – NBS

September 01, (THEWILL) - The total value of capital importation into Nigeria in the second quarter of the year fell to $1.53 billion from $1.57 billion in the preceding quarter, the National Bureau of Statistics said on Wednesday. The NBS in...

First Bank Completes Acquisition Of Access Bank’s Pension Business

September 01, (THEWILL) - First Pension Custodian Nigeria Limited, the subsidiary of First Bank of Nigeria, has fully taken over possession of Access Pension Fund Custodian Limited, the pension subsidiary of Access Bank. In a statement released by Access Holdings, the...

NCDMB Emerges Best MDA In Ease Of Doing Business Ranking

August 31, (THEWILL) - The Nigerian Content Development and Monitoring Board (NCDMB) has been adjudged as the best among all Ministries, Departments and Agencies in the country in the latest Executive Order (EO1) performance ranking for Ease of Doing...