Business

Private Sector Gets Over N62.28trn Credit in Q1 2021 — NBS

October 13, (THEWILL) – The National Bureau of Statistics (NBS), says the total credit allocated to the private sector by the banking industry in Q1 of 2021 stands at N62.28 trillion. This is according to the NBS Selected Banking Sector...

We May Tighten Student, Work Visas Against Nigerians – UK Govt

October 12, (THEWILL) – The British government says it may tighten its student and work visa conditions to address what it considers an abuse of the policy by Nigerians in the country. The government mulls this measure amidst worries over...

Experts See Nigeria’s Inflation Rate Soar as IMF Slashes Growth Forecast to 3.2%

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October 12, (THEWILL) – In what looks like a double-barrel pessimistic outlook, foremost advisory firm, Financial Derivatives Company (FDC) Limited, has projected that Nigeria’s headline inflation will rise further to 20.9 percent in September 2022 from 20.52 per cent...

Ehingbeti: Veritable Forum for Investors – Sanwo-Olu

October 12, (THEWILL) – The Lagos State Governor, Babajide Sanwo-Olu, has said that Ehingbeti, the state’s annual economic summit, is a veritable convening forum for the best and brightest investors who want to explore the wealth opportunities of the...

CIBN Appoints Akin Morakinyo Registrar/Chief Executive

October 11, (THEWILL) – The Chartered Institute of Bankers of Nigeria (CIBN), has appointed Akin Morakinyo, as the Registrar/Chief Executive of the institute. CIBM in a statement by its Head, Corporate Communications, Mrs Folake Akintayo, said the appointment was announced...

IMF, World Bank Warn of Increasing Risk of Global Recession

October 10, (THEWILL) - The heads of the International Monetary Fund and World Bank have warned of a rising risk of a global recession as advanced economies slow and faster inflation forces the Federal Reserve to keep raising interest...

Access Bank’s Expansion to Boost Africa’s Payment Gateway

Recent expansion plans initiated by Access Holdings Plc whereby the organisation announced that its wholly owned subsidiary, Access Bank Plc, has entered into a binding agreement with Montepio Holding SGPS S.A (Montepio) to acquire a 51 percent majority shareholding...

MAN Condemns Invasion of Dangote Cement Plant by Kogi State Govt

The Manufacturers Association of Nigeria (MAN) has strongly condemned the invasion of Dangote Cement Plant on Wednesday by the state’s security outfit, the Vigilantes, on the order of the State Governor Yahaya Bello, noting that such action will discourage...

Zenith Bank: Investors Predict Robust Growth in Q3

As Nigeria’s deposit money banks finalise the process of publishing their third quarter reports, investors are confident that Zenith Bank Plc will report an impressive result that would confirm its industry leadership status. The assertions are based on...

African Airlines Record 69.5% Rise in Passenger Traffic

A new data released by the International Air Transport Association (IATA) has shown that airlines experienced a 69.5 per cent rise in August as measured in Revenue Passenger Kilometers (RPKs) versus a year ago. The report showed that while there...