Business

2023 Budget: Revenue Challenge Thickens, Puts Private Sector on Edge

The 2023 budget estimate of N20.51 trillion presented to a joint session of the National Assembly by President Muhammadu Buhari on Friday, October 7, 2022 showcased a spending plan that would be confronted with revenue challenges. It also puts...

Glo Unveils Banking Payment Platform

October 7 (THEWILL) - Globacom has unveiled a banking payment service platform called MoneyMaster PSB, to serve the unbanked and underbanked in Nigeria. In a statement on Friday, Glo said the PSB commenced commercial operations on May 30, 2022, while MoneyMaster...

Disbursement To Real Sector Hits N2.1trn – CBN

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October 06, (THEWILL) - On Thursday, the Central Bank of Nigeria (CBN) said cumulative disbursements under the Real Sector Support Facility (RSSF) currently stand at N2.1 trillion. CBN spokesman, Osita Nwanisobi, made the disclosure at the ongoing 17th Abuja International Trade...

NCDMB Begins Customer Service Week in Grand Style

October 6, (THEWILL) – It was a blaze of colour at the Nigerian Content Tower, Swali, Yenagoa, Bayelsa State as Management and staff of the Nigerian Content Development and Monitoring Board (NCDMB), marked Day 1 of Customer Service Week...

MENA Economies Grow By 5.5% But Benefits Are Uneven

October 6, (THEWILL) – The economies of the Middle East and North Africa (MENA) region are expected to grow by 5.5% this year —the fastest rate since 2016—followed by a slowing of growth to 3.5% in 2023. Yet this...

Mark Zuckerberg Makes N437bn, Amid Nigerian Govt. Lawsuit Against Meta Platforms

October 5, (THEWILL) – Reports say that Mark Zuckerberg’s wealth grew on Tuesday, October 4, 2022 by 2.08 percent amid a faceoff between his company, Meta Platforms and the Nigerian government over unapproved advertisements targeting Nigerian audiences. Zuckerberg’s net...

Russian Invasion of Ukraine Impedes Post-Pandemic Economic Recovery in Emerging Europe and Central Asia

October 4, (THEWILL) – The ongoing war in Ukraine has dimmed prospects of a post-pandemic economic recovery for emerging and developing economies in the Europe and Central Asia region, says the World Bank’s Economic Update for the region, released...

NGX Group: Hedging Against Black Knights

I have been inundated with phone calls and text messages from highly respected professional colleagues in the media and financial markets on my opinion on the stories that have become the fallout of the recent financial performance of NGX...

Nigerian Exchange Group Holds 61st Annual General Meeting

The Nigerian Exchange Group Plc. held its 61st Annual General Meeting (AGM) in Lagos on Friday, 30 September 2022, where shareholders approved resolutions by the company’s Board of Directors. Mr. Apollos Ikpobe and Dr. Okechukwu Itanyi retired by rotation and...

NCC, NLRC Inaugurate Committee to Strengthen Consumer Protection

The Nigerian Communications Commission (NCC) and the National Lottery Regulatory Commission (NLRC) on Thursday in Abuja set up a committee to work towards the protection of the interest of telecom consumers against malpractices that may attend mobile lotteries in...