Business

NCDMB Performs Groundbreaking of Pipe Manufacturing Plant In Bayelsa

April 04, (THEWILL) - In pursuit of its mandate to promote the country’s local content policy, the Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote has performed the groundbreaking ceremony of a pipe manufacturing...

Access Bank Gets $300m Capital Investment to Drive African Expansion

April 04, (THEWILL) - In line with its 5-year strategic development plan, Access Bank, the commercial banking unit of Access Holdings Plc, received $300 million as capital investment from the parent company to further its expansion within Africa, Nigeria’s...

Cashless Policy: CBN, Govs, EFCC, Others Meet Tuesday

April 04, (THEWILL) – The Central Bank of Nigeria (CBN), state governors, the Economic and Financial Crimes Commission (EFCC) and the Nigeria Financial Intelligence Unit (NFIU) will meet in Abuja today (Tuesday, April 4, 2023), over the facilities...

Q1 2023: CBN Explains $1.4bn Drop In External Reserves

April 04, (THEWILL) – The Central Bank of Nigeria (CBN) has explained the reasons for the $1.4 billion drop in the country’s external reserves during the first quarter (Q1) of 2023. CBN attributed the drop to a reduction in...

Benue To Enjoy N84bn Domestic Debt Relief From FG

April 03, (THEWILL) - Benue state government is set to enjoy an N84 billion domestic debt relief from the Federal Government through swap arrangement. The Commissioner for Finance and Economic Planning, Mr David Olofu and that of Information, Culture and...

Holco Structure: Nigerian Exchange (NGX) Suspends Trading in Sterling Bank Plc

April 03, (THEWILL) - The Nigerian Exchange Limited (NGX) has announced the suspension of shares in Sterling Bank Plc effective last Thursday The move is to prepare for the commencement of a holding company (holdco) structure which the company...

PenCom Approves Over N1.72trn For PFAs , To Pay RSA Holders As At Q4 2022

April 03, (THEWILL) – The National Pension Commission (PenCom) has approved the withdrawal of over N1.72 trillion for Pension Fund Administrators to pay Retirement Savings Account (RSA) holders from inception to 31st December 2022. According to PenCom in its...

FG Announces New Deadline for Deepwater Licensing Round

April 03, (THEWILL) – The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced a new deadline for the submission of Technical/Commercial bids in respect of the 2022/23 Deep Offshore Oil block Mini-bid Round. The Chief Executive of the NUPRC,...

Arik Air: AMCON To Appeal Court Judgement, Insists Airline Still Under Receivership

April 02, (THEWILL) - Dissatisfied with certain parts of the Judgment relating to the court judgement on Arik Air, the Asset Management Corporation of Nigeria (AMCON) has revealed that it would appeal the ruling. This is just as the asset...

46 Years of CBN Intervention: CBN Intervention in Adamawa And Taraba States

The real sector development initiatives of the Central Bank of Nigeria (CBN) were introduced to stimulate and sustain growth in key sectors of the economy, revive moribund sectors, empower the youth population, explore the untapped potential in various economic...