Business

Saudi Crown Prince Proclaims Investment Conference A Success Despite Boycott

Saudi Arabia’s crown prince trumpeted on Tuesday a conference that has drawn investment deals worth $50 billion despite a boycott over the killing of journalist Jamal Khashoggi, declaring the event as “great - more people more money”. This year’s Future...

World Markets Slide Amid Investor Fears

Stock markets have tumbled around the world with analysts blaming concerns over Italy's finances, ongoing trade fears and Saudi tensions for the falls. London's FTSE 100, which is already on track for its worst monthly performance in a decade, closed...

CBN Sets Up Mortgage Guarantee Companies

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BEVERLY HILL, October 23, (THEWILL) - The Central Bank of Nigeria (CBN) has announced the introduction of Mortgage Guarantee Companies (MBCS) to reduce credit risk in the mortgage finance sector and increase access to mortgage loans. This is contained in...

Nigeria Moves 10 Places Up In Global Competitiveness Index

SAN FRANCISCO, October 18, (THEWILL) - Nigeria, Africa’s biggest economy has moved up ten places ranking 115th position globally from its previous 125th position, according to the latest Global Competitiveness 4.0 2018 Report of the World Economic Forum (WEF). According to...

FEC Approves Issuance Of $2.9bn In Eurobonds

SAN FRANCISCO, October 18, (THEWILL) - The Federal Government has approved the issuance of $2.9 billion in Eurobonds. The approval was given at the Federal Executive Council (FEC) meeting on Wednesday presided over by President Muhammadu Buhari inside the Council...

Senate Directs CBN To Suspend ATM Card Maintenance Charges

BEVERLY HILLS, October 17, (THEWILL) - The Senate Wednesday directed the Central Bank of Nigeria, CBN, to stop banks from charging ATM card maintenance fees. The resolution followed a motion sponsored by Senator Olugbenga Ashafa (Lagos East, APC). The Senate also called...

Nigeria’s Inflation Rate Rises Again Marginally – NBS

BEVERLY HILLS, October 16, (THEWILL) - Nigeria’s Consumer Price Index (CPI), otherwise referred to as inflation rate for goods and services, rose for the second time in two months after 18 months of consecutive decline. The National Bureau of Statistic (NBS),...

NSE Suspends Trading In Shares Of Six Nigerian Companies

SAN FRANCISCO, October 08, (THEWILL) - The Nigerian Stock Exchange (NSE) has suspended trading in the shares of six Nigerian companies listed on the exchange. The companies were suspended on Monday after they failed to file details of their accounts to...

Coronation Merchant Bank Named Best Investment Bank In Nigeria

BEVERLY HILLS, October 03, (THEWILL) - Coronation Merchant Bank has been named the Best Investment Bank in Nigeria at the 2018 World Finance Investment Banking Awards in United Kingdom. A statement by the bank quoted World Finance as saying, “One bank...

Costa Coffee Advert Banned For Criticising Avocado Breakfasts

An advert for Costa Coffee has been banned for urging customers to buy a bacon roll rather than avocados. The radio ad featured a voiceover which said there was "a great deal on ripen-at-home avocados" but they will only "be...