Business

May 21, (THEWILL) - The Central Bank of Nigeria (CBN) has denied reports that it planned to replace the Naira notes in circulation with digital currency, the eNaira. The Director, Corporate Communications Department of the (CBN), Osita Nwanisobi, said...

May 21, (THEWILL) - The African Development Bank has approved a $1.5 billion emergency food production facility for about 20 million farmers in Africa. The fund is expected to help avoid a looming food crisis exacerbated by the war between...

May 21, (THEWILL) - The Nigerian Exchange Limited (NGX) has fined six insurance firms a total of N89.6 million, for failure to file their financial statements after the regulatory due date. The affected companies were sanctioned during the year 2021...

May 19, (THEWILL) - The Central Bank of Nigeria (CBN) has appealed to farmers, who defaulted in paying back the loans obtained under the Anchor Borrowers’ Programme (ABP) to pay back. Mr Sadeeq Ajayi, in CBN Development Finance Office, made...

May 19, (THEWILL) - FBN Holdings Plc, through its subsidiary First Pension Custodian Limited, agreed with Access Bank Plc, to buy out the latter’s pension subsidiary, Access Pension Fund Custodian, in a deal involving 100 percent ownership transfer. The acquisition...

May 19, (THEWILL) - In its efforts to enhance financial services through data sharing across the banking payment systems, the Central Bank of Nigeria has issued the regulatory framework for Open Banking in Nigeria. In a circular titled, ‘Operational guidelines for...

May 19, (THEWILL) - As predicted in some quarters, the Federal government has declined its consent to the proposed acquisition of oil and gas assets belonging to Mobil Oil Producing Nigeria Unlimited (MPNU) by Seplat Energy Plc, citing overriding...

May 17, (THEWILL) - Oil prices rose on Tuesday, amid an ongoing push by the European Union for the Russian oil imports ban. Brent crude climbed 1.04 percent to $115.29 a barrel on Tuesday, the highest since March 28. West Texas...

May 17, (THEWILL) - Africa’s Global Bank, United Bank for Africa (UBA) Plc, says it has processed over 25,000 trade transactions in the last four months. The bank said it was able to achieve this, by leveraging cutting-edge technology to...

May 17, (THEWILL) - Seplat Energy Plc has confirmed the retirement of Dr A.B.C Orjiako from the board of the company, after the Annual General Meeting (AGM) scheduled to be held on May 18, 2022. This was stated in a...