February 27, (THEWILL) - The Central Bank of Nigeria (CBN) has refuted reports that it has resumed the suspended weekly foreign exchange sales to Bureau De Change (BDC) operators.
In a statement released Tuesday and signed by its Acting Director...
February 27, (THEWILL) - The Central Bank of Nigeria (CBN) has taken a decisive step to bridge the widening gap in the exchange rate and stabilize the forex market.
Through a new circular by Dr Hassan Mahmud, the Director of...
February 27, (THEWILL) - The Central Bank of Nigeria, CBN, has raised the monetary policy rate (MPR) to 22.75 percent.
This represents 400 basis points increase from the 18.75 percent benchmark it has been since September 2023
The announcement was made...
February 27, (THEWILL) - The Senate Committee on National Agency for Science and Engineering Infrastructure (NASENI) has commended the Agency for championing local content development of Solar-Powered smart irrigation, tricycles, electric motorbikes and others with accelerated technology transfer.
The...
February 27, (THEWILL) - The Nigerian Communications Commission has said it remains committed to fostering an environment that encourages innovation while prioritizing the security and stability of the telecoms infrastructure.
The Executive Vice Chairman of the Commission, Dr...
February 25, (THEWILL) - Nigeria’s non-oil revenue, known for its tardy, clay-footed performance in previous years, has recorded exponential growth in the post-COVID-19 period. Data from the Federal Inland Revenue Service (FIRS) showed that the nation’s non-oil revenue soared...
FEBRUARY 21, (THEWILL) - Billionaire businessman and chairman, Heirs Holdings Group, Tony Elumelu, has advised officials charged with the responsibility of managing the state-owned assets to imbibe the culture of efficiency through a defined vision in order to...
February 17, (THEWILL) - With many micro, small and medium enterprises (MSMEs) battling for survival under the worsening economic crisis, there are renewed expectations that the Development Bank of Nigeria (DBN) and the Bank of Industry (BOI) would step...
February 15, (THEWILL) - The Central Bank of Nigeria (CBN) has issued a directive to the international oil companies (IOCs), through the banks, restricting the repatriation of their export proceeds to 50 percent in the first instance.
In a...
February 15, (THEWILL) - The Minister of Trade and Investment, Dr Doris Azuka-Anite, has debunked media reports that Nigeria and the United Kingdom (UK) have signed a Memorandum of Understanding (MoU) which will enable UK licensed lawyers...
Sam Diala is a Bloomberg Certified Financial Journalist with over a decade of experience in reporting Business and Economy. He is Business Editor at THEWILL Newspaper, and believes that work, not wishes, creates wealth.
Describing the allegations as entirely false, Adedeji said they were the handiwork of individuals determined to discredit him and weaken public confidence in the Tinubu administration.
