Business

CBN to Accelerate Intervention in Critical Sectors – Emefiele

The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, has reiterated the commitment of the bank towards developing the critical sectors of the economy through its intervention schemes. The Intervention programme, initiated in 1977, was aimed to fast-track the development...

Nigeria Air: Stakeholders Thumb Down Start-Up Process

Despite the recent acquisition of its Air Transport Licence (ATL) from the Nigerian Civil Aviation Authority (NCAA ) and the conclusion of the bidding process, which brought forward Ethiopian Airlines as a core investor, some stakeholders are still not...

Cornerstone Insurance Heads For Dividend Drought Amid 48% Half-Year Decline

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Cornerstone Insurance Plc, Nigeria’s fifth largest underwriter by market capitalisation (N10.2 billion as of September 30, 2022), may experience resumed dividend drought that dogged its operations for five consecutive years, as its 2022 half-year financial results have shown. The 31-year-old...

Six Years of Raising the Bar in Local Content Development

September 30, (THEWILL) – Six years ago this week, I was appointed Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB) by President Muhammadu Buhari, resuming full duties at the NCDMB’s Headquarters in Yenagoa eight weeks later...

Banks’ USSD Debt Hits N80bn ― ALTON

September 29, (THEWILL) – The Association of Licenced Telecommunications Operators of Nigeria (ALTON), has said that banks’ Unstructured Supplementary Service Data (USSD) debt has increased to N80 billion from N42 billion reported in 2021. The President of ALTON, Gbenga Adebayo, disclosed...

Aviation Expert Canvasses $10 Landing Fees For Commercial, Charter Operators

September 29, (THEWILL) – Capt. Ibrahim Mshelia, the Chief Executive Officer (CEO) of West Link Airlines, has advised the federal government to consider 10 years tax holiday, removal of landing fees for all domestic operators and only a nominal...

CBN Further Increases Monetary Rate To 15.5%

September 27, (THEWILL) – As predicted by many analysts, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has, for the third time in five months, increased the official interest rate by an aggregate of 450...

Firstbank Partners Verve International To Make Customers Millionaires

September 27, (THEWILL) – Verve International, in partnership with FirstBank, has launched its third national consumer promo, designed to reward users of FirstBank Verve card with exciting gifts and cash prizes to appreciate their patronage and use of the...

Export Promotion: Nigerian Shippers’ Council Harps on Regional Maritime Co-operation

September 26, (THEWILL) – The Nigerian Shippers’ Council (NSC) has advocated for increased partnership from operators in the maritime industry. This is for them to take advantage of the various port enhancement initiatives to promote regional maritime services, export and...

Sterling Bank to Change Name as Shareholders Approve Restructuring

September 26, (THEWILL) – Sterling Bank Plc will take a new name after receiving shareholders’ approval to convert from a core banking business to a holding company, its board said on Monday, setting it up for the opportunity to...