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Philip Shaibu Returns To APC

July 20, (THEWILL) - The reinstated deputy governor of Edo State, Philip Shaibu, has returned to the All Progressives Congress (APC). The Federal High Court sitting in Abuja on Wednesday, reinstated Shaibu as Deputy Governor. Shaibu, alongside the Peoples Democratic Party...

CBN Directs Banks To Transfer Funds In Dormant Accounts, Unclaimed Balances

July 20, (THEWILL) - The Central Bank of Nigeria has directed deposit money banks (DMBs) and other financial institutions in the country, to transfer funds in dormant accounts and unclaimed balances into an account controlled by the apex bank. A...

CBN Sells $106.5m To Authorised Dealers

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July 20, (THEWILL) - The Central Bank of Nigeria (CBN) has commenced a regular sale of foreign exchange through Authorised Dealer Banks and licenced Bureaux De Change (BDCS), to improve supply in the foreign exchange market. This, it said, is...

IT Outage Grounds Businesses Worldwide

July 19, (THEWILL) - A major IT outage has grounded large-scale businesses including major banks, airlines, telecommunications, and companies worldwide. A statement by Malta International Airport warned travellers of delays, saying it was working to avoid major disruptions to...

Edo Politics Go Dirty As Thugs Allegedly Attack Shaibu, Okpebholo

July 19, (THEWILL) - Reinstated Deputy Governor, Comrade Philip Shaibu of Edo State, on Thursday afternoon, escaped an assassination attempt on his life in Benin City, the state capital. The attempt on the life of the deputy governor and...

Tinubu Receives Ambassadors, Calls For Enhanced Economic Value In Bilateral Relations

July 18, (THEWILL) - President Bola Tinubu has called for enhanced economic value of bilateral relations between Nigeria and partner nations. The President spoke on Thursday, when he received Letters of Credence from the Ambassadors of Portugal, Jorge Adao Martins...

CBN Raises Concern Over Distortions In FX Retail Market, Sells $20,000 To Each BDC At N1,450/$

July 18, (THEWILL) - The Central Bank of Nigeria (CBN) has expressed concern over the continued distortions in the retail end of the foreign exchange market, which is feeding into the parallel market that has further widened the...

BREAKING: Tinubu, Labour Approve N70,000 Minimum Wage For Workers

July 18, (THEWILL) - President Bola Tinubu has approved a N70,000 minimum wage for Nigerian workers with a promise to review the national minimum wage law every three years. A statement by Bayo Onanuga, Special Adviser to the President on...

BREAKING: Reps Pledge 50% Of Monthly Salaries To Address Hunger In Nigeria

July 18, (THEWILL) - Members of the House of Representatives have pledged 50 percent of their monthly salaries for six months to address current hunger in the country. This follows an amendment motion moved by the House Deputy Speaker, Benjamin...

Student Loan Scheme Will Thrive On Equity, Inclusiveness – Tinubu

July 18, (THEWILL) - President Bola Tinubu has assured that the Nigerian Education Loan Fund (NELFUND) will thrive on fairness and equity and promote inclusiveness by removing the financial barrier to higher education for Nigerian students. A statement issued...