Business

ABCON Seeks CBN’s Support for BDCs on Retail-end FX Demand

 ...Advocates BDCs’ Inclusion in Dollar Supply Mechanisms April 03, (THEWILL) – The Association of Bureaux De Change Operators of Nigeria (ABCON) has solicited the Central Bank of Nigeria (CBN) support in ensuring that Bureaux De Change (BDCs) continue to sell...

Nigeria Air: Local Operators Request $200b Stake From Foreign Investors 

March 31, (THEWILL) – Airline operators, under the umbrella of the Airline Operators of Nigeria (AON), have advised that foreign airline interested in investing up to 49% into the national carrier, should be made to pay nothing less than...

CBN Sets N10bn Minimum Requirement For Credit Guarantee Companies As Currency In Circulation Drops By N37.94bn

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March 29, (THEWILL) – The Central Bank of Nigeria (CBN) has announced a minimum share capital of N10 billion, a non-refundable application fee of N100,000 and a non-refundable licencing fee of N1 million among other requirements for registration of...

Access Bank Completes Transformation To Holding Company, Appoints Board Members 

March 29, (THEWILL) – Access Bank completed the last mile of its evolution to a holding company on Monday, with its entire 35.5 billion outstanding shares delisted from the daily official list of the Nigerian Exchange and relisted under...

Access Bank Sustains Industry Leadership With N11.74trn Assets

March 28, (THEWILL) – Tier-1 lender, Access Bank Plc, has reinforced its prominence as Nigeria’s largest quoted company by assets size, its Full-Year 2021 audited results have revealed. By this performance, the 33-year-old bank has maintained the topmost position...

A Simple And Factual Explanation of Nigeria’s Exchange Rate Dynamics

What is the Exchange Rate?: The exchange rate of the Naira is simply the price of foreign currency. Given that the dominant foreign currency in Nigeria, as it is in many other countries, is the US Dollar, the exchange...

Making The Best Of Social Media For Brand Advertising

March 28, (THEWILL) – In the past few years, social media has grown from being a way for people to socialise to one of the most powerful means of advertising and marketing businesses. It has become an essential way...

Nigeria Air: Foreign Investors Jostle For 49% Stake

...Carrier to Begin Operations in July March 28, (THEWILL) – As the take-off of the National Carrier project, Nigeria Air, gathers momentum, foreign investors are intensifying efforts to win and be chosen as the preferred bidder. THEWILL has learnt that there...

Our Intervention Policies Are Yielding Results – Emefiele

March 25, (THEWILL) – The Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has said that the various intervention funds created by the apex bank are yielding the desired results. He also noted that the production capacity of the...

FG Raked In N2.07 Trillion From VAT In 2021 – NBS

March 25, (THEWILL) – The National Bureau of Statistics (NBS) said the Federal Government generated N2.07 trillion as Value Added Tax (VAT) in 2021. This represents a 33 percent year-on-year (YoY) increase in VAT when compared with N1.55 trillion generated in...