Business

BEVERLY HILLS, December 20, (THEWILL) - The Central Bank of Nigeria (CBN) has revoked the licenses of 42 microfinance banks in the country and has subsequently closed them. The Nigeria Deposit Insurance Corporation (NDIC) while disclosing this in a statement yesterday...

BEVERLY HILLS, December 20, (THEWILL) - The 2021 Borrowing Programme of the African Development Bank (AfDB) has been approved by the Board of Directors for up to $10.4 billion to be raised from capital markets. This programme will allow the...

SAN FRANCISCO, December 19, (THEWILL) - Financial analysts are speaking in discordant tones over the 3.5 percent decline in Nigerian banks’ non-performing loans (NPLs) as of the third quarter of 2020 as shown by latest figures from the National Bureau...

SAN FRANCISCO, December 19, (THEWILL) - A major player in the nation's hospitality and tourism industry has appealed to the federal government to focus more on the business-friendly environment by providing adequate infrastructure, security and others facilities that will...

SAN FRANCISCO, December 19, (THEWILL) - The sustaining grip of the tight monetary regime resonated across the segments of Nigeria’s financial market in the just concluded week. The Central Bank of Nigeria (CBN) has opted for tight policies option...

SAN FRANCISCO, December 19, (THEWILL) - The recent declaration by the court that N50 stamp duty on teller deposits or electronic transfer of funds is illegal is in order, frontline Lagos Lawyer, Fred Nzeako, has said. A Federal High Court...

SAN FRANCISCO, December 19, (THEWILL) - The Consul General of Nigeria to South Africa, Abdulmalik Ahmed has said that Nigeria’s yearly exports to South Africa exceeds $3.8 billion. Speaking at a press conference in Johannesburg, Ahmed explained that South...

SAN FRANCISCO, December 19, (THEWILL) - Brentex Petroleum Services Ltd/China Petroleum Pipeline Engineering Co. Ltd (CPP), has assured the government that foreign exchange (forex) scarcity would not disrupt the Nigerian government’s Ajaokuta-Kaduna-Kano Natural Gas Pipeline (AKKP) project. The company...

BEVERLY HILLS, December 18, (THEWILL) - The Nigerian equity market continued and maintained its bullish run on Thursday, driven largely by gains recorded by Airtel Africa, Dangote Cement and Zenith Bank. The All-Share Index was up by 2.1% to close at...

BEVERLY HILLS, December 18, (THEWILL) - There is renewed pressure on the Naira at the parallel market as it shed N2 again the Dollar to exchange at N478/$ on Thursday instead of 476/$ it traded the previous day. The local currency...