Business

CBN Sets January 2023 Deadline for Financial Institutions on Cybercrimes Control

June 30, (THEWILL) – The Central Bank of Nigeria (CBN) has released the Risk-Based Cyber-security Framework and Guidelines for Other Financial Institutions (OFIs). The bank said the action became necessary as a result of the recent increase in the number...

FMDQ Exchange Admits Eat & Go Finance SPV PLC Bond on its Platform

June 30, (THEWILL) – FMDQ Securities Exchange Limited has announced the admission for listing on its platform, the Eat & Go Finance SPV PLC ₦3.50 billion Series 2 Fixed Rate Bond under its ₦15.00 billion Bond Issuance Programme. Eat &...

Time to Deconstruct the Raging Bull

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June 30, (THEWILL) - SAM DIALA x-rays how Nigeria’s equities market hit over N29 trillion capitalisation – the highest in 61 years – amid economic downturn, and the implications. The Nigerian Stock Exchange (now the Nigerian Exchange) hit the peak...

Unclaimed Dividends Hit N180bn

June 29, (THEWILL) – The Director-General, Security and Exchange Commission (SEC), Lamido Yuguda, on Tuesday, said the commission is working to ensure it reduces the level of unclaimed dividends to zero per cent. Speaking at an interactive session with editors...

Fitch Upgrades Fidelity Bank’s Issuer Default Rating From ‘B-’ to ‘B

June 29, (THEWILL) – Fitch Ratings has upgraded Fidelity Bank Plc’s long-term issuer default rating (IDR) from ‘B-’ to ‘B’, reflecting the bank’s increased creditworthiness. The rating agency also upgraded Fidelity’s National Long-Term Rating to ‘A(nga)’ from ‘BBB+(nga)’. According to...

Pantami Takes Digital Economic Agenda to Minna

June 29, (THEWILL) – The Federal Government’s agenda to transform the country to a robust digital economy, became the focal point in the message of the Honourable Minister of Communications and Digital Economy, Prof. Isa Ibrahim Pantami, who was...

FG Raises Tax on Cigarettes to 30%

June 29, (THEWILL) – The Federal Government has raised tax on tobacco consumption to 30 percent. This was made known by the Minister of State for Health, Olorunnimbe Mamora, in Abuja on Tuesday while delivering his remark at the launch...

Daraju Industries Quote its ₦10bn Commercial Paper on FMDQ Exchange

June 29, (THEWILL) – FMDQ Securities Exchange Limited, through its Board Listings and Markets Committee, has approved the registration of the Daraju Industries Limited ₦10.00 billion Commercial Paper (CP) Programme on the Exchange’s Platform. The registration of this CP Programme...

I&E Forex Window Rakes in $50bn in Three Years – CBN

June 29, (THEWILL) – The Investors and Exporters (I&E) Forex Window introduced by the Central Bank of Nigeria in April 2017 attracted over N50 billion in three years of its operation. The I&E window, also known as the Nigerian Autonomous...

Lagos Govt Explains Closure of 137 Eatries, Others

June 28, (THEWILL) – The Lagos State Government has explained why it shut at least 137 eateries and buildings across the state over violation of the state building law The sealed structures were said to have been sealed by the...