Business

October 09, (THEWILL) — The Central Bank of Nigeria’s (CBN) intensified liquidity mop-up has caused commercial banks’ placements in its Standing Deposit Facility (SDF) to plunge by 42.3 percent within a week — from N6.07 trillion on October 2,...

October 09, (THEWILL) — The World Bank has disclosed that about 139 million Nigerians are still living in poverty despite recent economic reforms by the Federal Government. In its latest report, “From Policy to People: Bringing the Reform Gains Home”,...

October 08, (THEWILL) — The Nigerian Exchange (NGX) sustained its positive momentum on Wednesday, October 8, as key performance indicators closed higher, driven by renewed investor appetite for mid- and large-cap stocks across the industrial, energy, and financial sectors. The...

October 08, (THEWILL) — Access Bank Plc has strengthened its long-running DiamondXtra reward initiative, disbursing over N6.6 billion to customers and expanding the flagship “Salary 4 Life” prize as part of a broader strategy to retain retail depositors...

October 08, (THEWILL) — Ecobank Nigeria has unveiled an upgraded version of its mobile banking application, introducing new digital features aimed at delivering faster transactions, stronger security, and wider financial inclusion for customers across the country. The redesigned...

October 08, (THEWILL) — The Central Bank of Nigeria (CBN) has reaffirmed its commitment to sustaining monetary policies and economic reforms introduced by President Bola Tinubu, assuring that the measures are already yielding positive results in stabilising the economy. CBN...

October 08, (THEWILL) — United Bank for Africa (UBA) Plc has commenced activities marking its 2025 Customer Service Week, themed “Mission: Possible”, reaffirming its commitment to improving customer experience across all service touchpoints. The week-long event, which began on Monday,...

October 07, (THEWILL) — Trading on the Nigerian Exchange Limited closed on a positive note on Tuesday as renewed interest in select financial and insurance stocks lifted market performance despite mild profit-taking in other sectors. The All-Share Index rose slightly...

October 07, (THEWILL) — The Central Bank of Nigeria has imposed a ₦5m fine on operators involved in illegal agent-banking activities, in what analysts describe as part of efforts to sanitise the country’s fast-growing but loosely regulated point-of-sale (POS)...

October 07, (THEWILL) — Nigeria’s 36 states and the Federal Capital Territory (FCT) generated a combined N3.63 trillion in Internally Generated Revenue (IGR) in 2024, with Lagos State alone accounting for more than one-third of the total. According to the...