Business

NITDA Set To Strengthen Data Protection With New Bill

SAN FRANCISCO, October 13, (THEWILL) - The National Info Technology Development Agency (NITDA), has stated its intent to send a new Bill on Data Protection to the National Assembly which when passed into law, would ensure stringent protection of personal...

DPR Restates Belief In Oil Reserve, FDI Inflow

SAN FRANCISCO, October 13, (THEWILL) - The Department of Petroleum Resources (DPR) has restated its belief in a brighter future for Nigeria’s oil and gas industry and increased Foreign Direct Investments (FDIs) to the country. Speaking recently at the Society of...

CBN Orders Banks To Comply With Swift Universal Confirmation

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BEVERLY HILLS, October 12, (THEWILL) – The Central Bank of Nigeria (CBN) has ordered all deposit money banks (DMB) in the country to ensure full compliance with the Swift Universal Confirmation requirement. The apex bank, in a release said such...

Onyema, Ohiha, Others Highlight Opportunities In Fixed Income Market

SAN FRANCISCO, October 09, (THEWILL) - The Nigerian Stock Exchange (NSE) has concluded a two-day webinar on fixed income in line with its commitment to further enhance the capacity of capital market players across available asset classes. The...

Nigeria’s Economy To Shrink By 4.1% – World Bank

BEVERLY HILLS, October 09, (THEWILL) - The World Bank has projected that sub-Sahara Africa’s real GDP would contract by 3.3 per cent this year, after expanding by 2.4 per cent in 2019. The bank made this known in its ‘Africa’s...

CBN Urges Nigerians To Beware Of Fraudulent Loan Schemes

SAN FRANCISCO, October 09, (THEWILL) - The Central Bank of Nigeria (CBN) has warned Nigerians to beware of fraudulent messages and videos requesting unsuspecting loan seekers and owners of small-scale businesses to apply for loans or investment schemes purportedly...

COVID-19: LCCI Reviews State of Economy, Wants Land Border Opened

SAN FRANCISCO, October 07, (THEWILL) - The Lagos Chamber of Commerce and Industry (LCCI) has advised policy makers on the formulation and implementation of policies to facilitate sustainability as business operators grapple with the devastating impact of the COVID-19 pandemic. Mrs...

States’ IGR Drops By 11.7% in H1 2020 – NBS

BEVERLY HILLS, October 06, (THEWILL) - The internally generated revenue (IGR) by the 36 states of Nigeria and the Federal Capital Territory (FCT) dropped by 11.7% in the first half (H1) of the year. A report on Tuesday by the National...

Jaiz Bank Plans N13b Private Placement On NSE

BEVERLY HILLS, October 06, (THEWILL) - Jaiz Bank Plc, Nigeria’ non -interest bank, has unveiled plans to raise new equity funds of about N13 billion through a private placement as the bank seeks to deepen its growing balance sheet. Jaiz Bank...

Nigeria Set To Launch West Africa’s First Exchange-Traded Derivatives

BEVERLY HILLS, October 06, (THEWILL) - The Nigerian stock market is set to witness the launch of West Africa’s first Exchange Traded Derivatives (ETDs) on the Nigerian Stock Exchange (NSE). THEWILL recalls that capital market regulator, Securities and Exchange Commission (SEC),...