Business

Equity Market Maintains Bullish Trend As Investors Lose N51bn

BEVERLY HILLS, January 22, (THEWILL) - The divergence in the Nigerian Stock Exchange (NSE) settled on Friday on a negative note as the NSE-ASI depreciated by -0.24 per cent to close at 41,001.99 basis points as against -0.12 per...

Diaspora Remittances: CBN Vows To Sanction Errant Operators

BEVERLY HILLS, January 22, (THEWILL) - The Central Bank of Nigeria (CBN) has vowed to sanction international money transfer operators (IMTOs) still paying diaspora remittances in the local currency, Naira. The bank had in December 2020 directed that IMTOs and...

FG, CBN Unveil Job Exit Strategies For N-Power Beneficiaries

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BEVERLY HILLS, January 21, (THEWILL) - Former beneficiaries of the N-Power scheme can now access job opportunities created for members of the scheme, the federal government has announced. Minister of Humanitarian Affairs, Disaster Management and Social Development, Hajiya Sadiya Umar Farouq,...

Buhari Re-Appoints Hadiza Usman As NPA MD, Approves Board Members For NPA, TCN

BEVERLY HILLS, January 21, (THEWILL) - President Muhammadu Buhari on Thursday, approved the re-appointment of Hadiza Bala Usman as Managing Director of Nigerian Ports Authority (NPA), for an additional five-year tenure. A statement by Special Assistant to the President on...

Allocation: FG, States, LGs Share N619.3bn For Dec. 2020

BEVERLY HILLS, January 21, (THEWILL) - The Federal Government, States and Local Government Councils (LGCs) have shared N619.343 billion as federal allocation for December 2020. Director of Information, Ministry of Finance, Budget and National Planning, Hassan Dodo, who made this...

Global Shares Rise Ahead Of Biden’s Inauguration

BEVERLY HILLS, January 20, (THEWILL) - Global shares were mostly higher ahead of Joe Biden’s inauguration as U.S. president Wednesday. France’s CAC 40 added 0.2% to 5,607.84 in early trading, while Germany’s DAX rose 0.2% to 13,848.56. Britain’s FTSE 100 edged up...

NSE Compensates 49 Investors With N17.02m, Records N305.11m Shares Recovery

BEVERLY HILLS, January 19, (THEWILL) - The Nigerian Stock Exchange (NSE) said it compensated no fewer than 49 investors who suffered pecuniary losses in 2020 with the sum of N17.02 million. It also added that it facilitated restitution and recoveries of...

NSE: Market Stretches 2 Days Slide As Investors Lose N16.08bn

BEVERLY HILLS, January 19, (THEWILL) - Equities market, again, closed Tuesday January 19, on a negative note, extending the losing streak recorded Monday for the second day.The NSE-ASI depreciated by -0.07% to close at 41,051.63 basis points as against -0.23%...

FirstBank Deepens Financial Inclusion With Largest Agent Banking Network, Empowers SMEs

BEVERLY HILLS, January 19, (THEWILL) - In its commitment to deepening financial inclusion and ensuring the unbanked are adequately catered for, FirstBank of Nigeria has intensified the expansion of its agent banking network, while driving robust empowerment of small and...

Nigeria’s Central Counterparty Acquires Clearing, Settlement Technology

BEVERLY HILLS, January 19, (THEWILL) - Nigeria’s premier central counterparty, NG Clearing Limited, says it has signed an agreement with a leading software development firm, Mantissa Infotech Private Limited, for the development, implementation and maintenance of bespoke clearing and...