Business

FG Allocates N14.9bn For Pension Arrears Payment

BEVERLY HILLS, August 26, (THEWILL) - The Federal Government has allocated N14.92bn for the payment of accrued rights for retirees under the Contributory Pension Scheme (CPS). The release of the fund was contained in a document by the Commission which...

Stock Market Report: BUA Cement Is Top Gainer

BEVERLY HILLS, August 25, (THEWILL) - BUA Cement led the top gainers' chart on Tuesday August 25, 2020, after its stock price gained NGN1.1 kobo to close trading at NGN40 per share after opening today's trading with NGN38.9 kobo...

Coronation Merchant Bank Unveils Mobile Banking App

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BEVERLY HILLS, August 25, (THEWILL) - Coronation Merchant Bank has unveiled its mobile banking application to enable customers to perform transactions seamlessly without the need for in-person banking. The Managing Director and Chief Executive Officer of the bank, Banjo Adegbohungbe...

CSCS Democratizes Issuance Of ISIN, Now GLEIF Sole Operating Unit

BEVERLY HILLS, August 25, (THEWILL) - The Central Securities Clearing System (CSCS) Plc has democratized its issuance of ISIN and has become GLEIF sole operating unit based in the country. According to Managing Director/CEO, CSCS, Mr. Haruna Jalo-Waziri, this remains...

CBN Bans Banks, Third Parties From Getting Forex Via Form M

BEVERLY HILLS, August 25, (THEWILL) - The Central Bank of Nigeria (CBN) has banned banks from opening Forms M (FOR IMPORTERS) “whose payments are routed through a buying company/agent or any other third parties.” A Form M is a mandatory...

Stock Market Today: Market Continues Upward Swing

BEVERLY HILLS, August 24, (THEWILL) - The Nigerian stock market closed at 3,737 deals today, Monday, August 24, 2020, higher than the 3,194 deals it closed with on Friday, August 21, 2020. In the same vein, the volume reached 251.1...

We Borrowed 5,000mt Of Grains From ECOWAS – FG

BEVERLY HILLS, August 24, (THEWILL) - The Federal Government has said a total of 5,000 metric tonnes of assorted grains were borrowed by Nigeria from the food stock of the Economic Community of West Africa States (ECOWAS). The Minister of...

Breaking: Nigeria’s Economy Contracts By 6.1% In Q2 – NBS

BEVERLY HILLS, August 24, (THEWILL) - Nigeria’s Gross Domestic Product (GDP) has contracted by six per cent in the second quarter of 2020, a new report by the National Bureau of Statistics (NBS) has shown. According to the report which...

Mixed Reactions Trail Amended NBC Code On Advertising Debts

BEVERLY HILLS, August 22, (THEWILL) - Following the release of the recently amended National Broadcast Code by the National Broadcasting Commission (NBC), stakeholders in the sector and advertising industry have faulted the Federal Government's intervention over debts. Among other objectives,...

Stanbic IBTC, UN Partner To Boost Women Empowerment In Nigeria

BEVERLY HILLS, August 22, (THEWILL) - Stanbic IBTC Bank PLC has partnered the United Nations on an initiative to provide seed funding for women across the six geopolitical zones of Nigeria and the Federal Capital Territory. This is in furtherance...