Business

Firstbank Spotlighting Opportunities In The Agriculture Value Chain

In 2017, the Nigerian agriculture sector witnessed a revolutionary discourse on the economic benefits of sustainable agriculture value-chain as an alternative source of economic development and foreign exchange with the launch of FirstBank Agric Expo. It was a first-of-its-kind initiative...

NSE Delists Skye Bank, Fortis Bank From Exchange List

BEVERLY HILLS, August 22, (THEWILL) - The Nigerian Stock Exchange (NSE) has delisted two companies from the daily official list of the Exchange. The two companies are Skye Bank Plc and Fortis Microfinance Bank Plc. This was contained in a...

Nigeria Records Mirginal Reduction In Inflation – NBS

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SAN FRANCISCO, August 16, (THEWILL) - The Nigeria Bureau of Statistics (NBS), has said the average change in the prices of foods and services, representing inflation, reduced in July compared to June. According to the NBS, the Headline Inflation reduced to...

Financial Inclusion: Access Bank Introduces Loan For Smartphone Purchase

SAN FRANCISCO, August 14, (THEWILL) - Access Bank has introduced a financing scheme for procurement of phones for more Nigerians to get connected to more businesses online and deepen financial inclusion. Victor Etuokwu, Executive Director, Retail Banking, said in a statement...

CBN Injects $210m Into Forex Market

BEVERLY HILLS, August 07, (THEWILL) - The Central Bank of Nigeria (CBN) has injected the sum of 210 million dollars into Nigerian Inter-Bank Foreign Exchange market following conclusion of Tuesday’s transactions. The bank’s Director, Corporate Communications Department, Isaac Okorafor, made this...

Keystone Bank Appoints New Executive Directors

SAN FRANCISCO, August 05, (THEWILL) - In line with strategic business intent and corporate realignment to sustain continued business growth, the Board of Directors of Keystone Bank Limited has announced the appointment of three new Executive Directors. At its 49th, Annual...

Dangote Earmarks 53% Of Refinery Capacity To Petrol

BEVERLY HILLS, August 01, (THEWILL) - The Dangote Group has revealed that upon completion of its refinery, it will dedicate 53 per cent of the capacity to the production of petrol. This translates to dedicating 344,500 barrels of its...

Nigeria Rate Cut On The Horizon As Global Monetary Easing Cycle Gains Momentum

Unfavorable macroeconomic conditions across the globe have prompted major central banks to embark on a monetary easing cycle to counter a global slowdown. There is widespread speculation that the US Federal Reserve intends to trim interest rates in order to...

NNPC Takes Back Oil Blocks From Eni, Stops Cash Call Payments

SAN FRANCISCO, July 24, (THEWILL) - The Nigerian National Petroleum Corporation (NNPC) Wednesday said it has suspended cash call repayments to Eni for three months, and will not renew some oil licences held by the Italian oil company. The NNPC owes...

CBN To Impose Forex Restriction On Milk Importation

SAN FRANCISCO, July 24, (THEWILL) - The Central Bank of Nigeria (CBN) has said it will place foreign exchange (forex) restrictions on milk importers into the country. Addressing reporters at the end of the bi-monthly Monetary Policy Committee (MPC) meeting in...