Business

CBN Slashes Bank Charges, Cancels Card Maintenance Fees, Others

BEVERLY HILLS, December 22, (THEWILL) - The Central Bank of Nigeria (CBN) has slashed bank charges which are usually borne by customers as it announced major changes to banking fees in its new Guide to Charges by Banks, Other...

Oando Announces Successful Signing Of Gas Supply Agreements With NLNG

BEVERLY HILLS, December 13, (THEWILL) - Oando PLC (referred to as “Oando” or the “Group”), Nigeria’s leading indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchange, through its upstream subsidiary, Oando Energy Resources, today announced the successful...

Buhari’s Govt Inherited Whooping $63.8bn Debt Not Paltry $7bn – DMO

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SAN FRANCISCO, December 11, (THEWILL) - The Debt Management Office (DMO) has revealed that the President Muhammadu Buhari-led administration inherited a debt of $63.81 billion when it came into power in 2015. In a statement released by the debt agency...

Domestic Fuel Consumption Has Reduced By 30% Since Border Closure – Buhari

BEVERLY HILLS, December 03, (THEWILL) - Two months into closure of Nigeria’s land border to curb smuggling activities, especially rice, President Muhammadu Buhari’s administration is betting on same measure to rekindle the agriculture sector. Receiving a delegation of Katsina State...

Nigeria Earned $21bn From Oil, Gas Sector In 2017 – NEITI

The Nigeria Extractive Industries Transparency Initiatives (NEITI), says Nigeria earned 21 billion dollars from the oil and gas sector in 2017. NEITI disclosed this in its 2017 oil and gas industry report released in Abuja. It said that the figure showed...

Keystone Bank Introduces USSD Banking Code *7111#

SAN FRANCISCO, November 27, (THEWILL) - Keystone Bank Limited has remained committed to delivering convenient & superior customer experience to the Nigerian populace, hence the introduction of the simple banking USSD Code *7111#. The *7111# USSD (Unstructured Supplementary Service Data)...

Nigeria’s GDP Increases By 2.28% In Third Quater Of 2019

BEVERLY HILLS, November 22, (THEWILL) - Data released by the National Bureau of Statistics (NBS) shows that Nigeria’s gross domestic product (GDP) grew by 2.28% in the third quarter of 2019. This is 0.17% percentage points higher than the 2.12% revised...

Access Bank Appoints Awosika As Chairman As Belo-Olusoga Retires

BEVERLY HILLS, November 19, (THEWILL) - The Board of Directors of Access Bank Plc Tuesday announced the appointment of Dr. Ajoritsedere Awosika as its new chairman, saying its current chair, Mosun Belo-Olusoga, will retire in January 2020. Belo-Olusoga’s retirement followed...

Inflation Rate Rises To 11.61% – NBS

SAN FRANCISCO, November 18, (THEWILL) - The National Bureau of Statistics (NBS) has said that Nigeria’s annual inflation rate rose from 11.24 per cent in September to 11.61 per cent in October. The Bureau disclosed this in its monthly Consumer Price...

Heritage Bank Identifies High Prospects In Nigeria’s £4bn Gold market

BEVERLY HILLS, November 15, (THEWILL) - Heritage Bank Plc has disclosed that Nigeria’s Gold market is worth £4 billion Pounds with high prospects of profitability for all players in the subsector. The MD/CEO, Ifie Sekibo, who stated this at the...