The announcement by the Nigerian National Petroleum Company Limited (NNPCL) on August 16, 2023 that it had secured a $3 billion emergency crude repayment loan from the African Export-Import (AFREXIM) bank to stabilise the naira, has generated mixed reactions.
While...
August 18, (THEWILL) - The Central Bank of Nigeria (CBN) has introduced a foreign exchange (FX) price verification system (PVS) portal to enable importers to access forex.
The CBN, in a statement on Thursday night, said a price verification...
August 17, (THEWILL) - The Chartered Institute of Bankers of Nigeria (CIBN) has said that the foreign exchange reform introduced by the Central Bank of Nigeria (CB) which involves floating the naira, is unsuitable for economic development.
In a...
August 17, (THEWILL) - The Nigerian National Petroleum Company Limited (NNPCL) has explained that the $3 billion crude oil loan agreement it signed with the African Export-Import (AFREXIM) bank was not tied to a sovereign guarantee and will not...
August 16, (THEWILL) - An economist, Mr. Marcel Okeke has warned that corruption could derail President Bola Ahmed Tinubu's recently announced palliatives if not properly monitored and implemented, such that whatever ‘goodies’ that come the way...
August 16, (THEWILL) - The board of Access Corporation Plc has announced a delay in the release of its Half-Year (HY) financial results due to an ongoing audit of its subsidiaries.
This was disclosed in the company’s statement to...
August 16, (THEWILL) - In line with its 5-year strategic plan (2023-2027) Access Bank, Nigeria’s largest bank by assets, has announced the launch of its Custody Services, offering safekeeping and servicing of financial assets to its esteemed customers.
The expansion...
August 16, (THEWILL) - The Nigerian National Petroleum Company Limited (NNPCL) said it has jointly signed a commitment letter and Termsheet with Afreximbank for an emergency $3 billion crude oil repayment loan that will stablise the volatile foreign...
August 15, (THEWILL) - Nigeria's inflation rate hit 24.08 percent in July 2023, according to the National Bureau of Statistics (NBS) monthly Consumer Price Index (CPI) report on Tuesday.
This is the highest rate reported in 15 years since 2008...
August 15, (THEWILL) - Kenya has reinstated a small subsidy to stabilise retail fuel prices for the next 30 days. Aljazeera reports, quoting the energy regulator, Energy and Petroleum Regulatory Authority (EPRA), as saying the move was a reversal...
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.
