Business

PSB Licence: Airtel Records $500m Investment from Mastercard, Others

November 16, (THEWILL) - Airtel Africa Plc has said that three major investors, Qatar Investment Authority (QIA), TPG, a U.S. private equity firm, and Mastercard have increased their investments in Airtel Money to $500million following the approval-in-principle granted it...

Five Observations On Nigeria’s Central Bank Digital Currency

The Central Bank of Nigeria (CBN) officially launched the “ eNaira”—a central bank digital currency (CBDC)—on October 25, 2021. This is the second CBDC fully open to the public after the Bahamas. Other countries and regions, such as China and...

MTN Nigeria Communications Lists ₦110bn Series Bond On FMDQ Exchange

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November 16, (THEWILL) - FMDQ Securities Exchange Limited has approved the listing of the MTN Nigeria Communications Plc ₦110.00 billion Series 1 Senior Unsecured Fixed Rate Bond (MTN Nigeria Bond) under its ₦200.00 billion Bond Issuance Programme on the...

Seplat Confirms Exchange Rate For Interim Dividend

November 16, (THEWILL) - Seplat Energy Plc has confirmed the currency exchange rates to be applied in determining the interim dividend for the third quarter of 2021. The company’s Chief Financial Officer, Emeka Onwuka, disclosed this in a notice sent...

Nigeria’s Inflation Falls To 15.99% In October 2021

November 15, (THEWILL) - Nigeria’s inflation rate for the month of October 2021 dropped further to 15.99% from 16.63% recorded in September 2021. This is according to the recently released Consumer Price Index report, released by the National Bureau...

Ecobank Wins Big At Nigeria’s Banks And Other Financial Institutions’ (BAFI) Awards

November 15, (THEWILL) - Ecobank Nigeria was the cynosure of all eyes at the prestigious Banks and Other Financial Institutions' (BAFI) Awards 2021 held in Lagos at the weekend. At the keenly contested awards, Ecobank Nigeria emerged winner of...

Aiteo Appoints Useh as COO

November 14, (THEWILL) - Aiteo Eastern Exploration and Production Company (AEEPCO), operator of the NNPC/Aiteo Joint Venture on OML 29. has announced the appointment of Mr. Ewariezi Useh as its Chief Operations Officer (COO). According to Aiteo, Useh will provide overall...

Dangote Committed To Reducing Unemployment in Nigeria – Group Director

November 14, (THEWILL) - The Group Executive Director, Commercial Operations, Dangote Industries Limited, Hajiya Halima Aliko-Dangote, has reiterated the company's commitment to job creation and reducing unemployment rate. This is just as the Lagos Chamber of Commerce & Industry lauded...

Changing Landscape of Nigeria’s Financial Service Sector

November 14, (THEWILL) - Massive disruptions are gaining a strong foothold in the financial service sector of Africa’s largest economy. The robust presence of Fintech channels, the active participation of Mobile Money operators, the rapid expansion of the Payment...

FMDQ Group Launches Africa’s Premier Green Exchange

...Signs Listing Agent Agreement with Luxembourg Stock Exchange November 14, (THEWILL) - FMDQ Green Exchange, a virtual information repository platform dedicated to driving the growth of green and sustainable securities and providing reliable green data in the Nigerian  financial markets, has...