Business

Nigeria’s Headline Inflation Highest In 4 Years, Food Inflation Worst In 12 Years

BEVERLY HILLS, March 16, (THEWILL) - The consumer price index (CPI) for measuring inflation increased by 17.33 percent (year-on-year) in February 2021, depicting a 0.86 percent points higher than the rate recorded in January 2021 (16.47) percent. Food inflation stood at...

InfraCorp Promoters Extend Deadline For Expression Of Interest For Asset Managers

BEVERLY HILLS, March 15, (THEWILL) - The deadline for Expression Of Interests (EOIs) for receipt of final proposals in response to the detailed Request for Proposal (RfP) from qualified asset managers active in the infrastructure sector to manage the Infrastructure...

First Bank Promotes Cross Border Payments In Sub-Saharan Africa with First Global Transfer

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BEVERLY HILLS, March 15, (THEWILL) - First Bank of Nigeria Limited has announced the launch of First Global Transfer (FGT) to promote the international transfer of funds across its subsidiaries in sub-Saharan Africa. The Bank’s subsidiaries in Africa include FBNBank DRC,...

Mixed Reactions Trail FG’s Proposed Free Prepaid Metres

BEVERLY HILLS, March 15, (THEWILL) - On October 20, 2020, when the Minister of Power, Alhaji Mamman Kwagyang Saleh, announced the plans of the Federal Government to distribute no fewer than 6million free prepaid meters, Nigerians welcomed the idea with...

NSE Completes Demutualisation As SEC, CAC Give Nod

BEVERLY HILLS, March 15, (THEWILL) - StockThe Nigerian Stock Exchange (NSE) has received final approvals of its demutualisation plan from the Securities and Exchange Commission (SEC) and Corporate Affairs Commission (CAC) respectively. With these approvals, The Exchange has now...

Grappling With Security Breaches At Nation’s Airports

BEVERLY HILLS, March 15, (THEWILL) - Stakeholders in the nation’s aviation industry have warned that if the frequent security breaches at the airports continue, it may lead to threat of lives and property, which may consequently affect the perception of...

NNPC: Concern Mounts Over Multi-Billion Naira Wasteful Spendings

BEVERLY HILLS, March 15, (THEWILL) - The public outcry over unbridled spending habit of the Nigerian National Petroleum Corporation (NNPC) which characterises its operations resonated on Wednesday March 3, 2021, when the Senate Public Accounts Committee engaged top management of...

Unbanked Persons Hit 1.7bn Worldwide

BEVERLY HILLS, March 12, (THEWILL) - Global Financial Inclusion Database, otherwise known as Global Findex, which documents how people save, borrow and make payments, states that, close to one-third of adults, that is 1.7 billion are still un-banked...

Fidelity Bank Keys Into CBN’s New Policy On Diaspora Remittance Inflows

BEVERLY HILLS, March 11, (THEWILL) - Fidelity Bank has restated support for the Central Bank of Nigeria's (CBN) efforts to engender sustainable economic development by improving Diaspora remittances and foreign exchange (FX) inflows into the country. The Bank's CEO, Nneka...

Court Refuses To Unblock Shell’s Bank Accounts

BEVERLY HILLS, March 10, (THEWILL) – Justice Oluremi Oguntoyinbo of the Federal High Court in Lagos on Tuesday  declined to vacate an interim injunction directing 20 banks to block Shell Petroleum Development Company of Nigeria (SPDC) and its subsidiaries’...