Business

Leveraging Technology, CBN Launches New Platform to Boost Home Remittances

May 18, (THEWILL) – Over the years, Nigerians abroad have experienced challenges in accessing the banking services at home to meet their various requirements. Aside from the lack of trust that permeates the environment, there is also the palpable challenge...

CSCS Launches USSD Code Service

May 18, (THEWILL) – The Central Securities Clearing System PLC (CSCS) has launched  the *7270#, its Unstructured Supplementary Service Data (USSD) code service.   The USSD code service is an innovative solution designed to enhance the ease and accessibility of investment services for...

FAAC: Electronic Money Transfer Levy Rises 81.57% Y-t-D In April 2025

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May 18, (THEWILL) – The Electric Money Transfer Levy (EMTL) component of the Federation Accounts Allocation Committee (FAAC) rose by N53.71 billion in April 2025 hitting N119.55 billion.   This constitutes an 81.57 percent increase year-to-date compared to a total of...

CBN Announces Date for 300th MPC Meeting

May 14, (THEWILL) – The Central Bank of Nigeria (CBN) has announced that its 300th Monetary Policy Committee (MPC) meeting will hold on Monday, May 19, and Tuesday, May 20, 2025. This was disclosed in a statement titled “Notice...

UBA Leads as 10 Banks Haul N783.29bn in Digital Banking Revenue

May 12, (THEWILL) – United Bank for Africa Plc (UBA) came top in digital banking revenue among 10 selected Nigerian deposit money banks (DMBs) according to data from their audited FY 2024 financial statements.   The e-banking income includes revenue from...

Lafarge Africa Plc Shareholders Celebrate Remarkable 2024 Financial Performance

May 11, (THEWILL) – Lafarge Africa Plc successfully held its 66th Annual General Meeting (AGM) in Lagos recently during which its members applauded the company’s impressive performance in the FY 2024. The AGM, attended by shareholders, board members, and stakeholders, reviewed...

NNPCL’s Refineries Approaching Status of National Artifacts

May 11, (THEWILL) – With the new management team recently constituted by President Bola Tinubu for the behemoth Nigeria National Petroleum Company Limited (NNPCL) in place, one fact is certain: The unending maintenance of the nation’s four refineries will...

BUA Foods Plc Achieves Record Earnings Amid Industry Challenges

May 11, (THEWILL) – BUA Foods Plc’s earnings in Q1 2025 were the highest in the history of the 37-year-old company, with a net profit after tax of N125.28 billion, representing a 124 percent increase from N55.82 billion in...

Domestic Crude Sales Key to Unlocking Nigeria’s Oil Wealth

May 11, (THEWILL) – The recent handling of Nigeria’s naira-for-crude oil sales to local refineries has brought long-standing gaps in the nation’s economic planning into sharp relief. The under-utilisation of domestic crude as a tool for sustainable growth and the...

Dangote, NNPC Collaborate To Ensure Energy Security In Nigeria

May 09, (THEWILL) – The Dangote Petroleum Refinery & Petrochemicals (DPRP) and the Nigerian National Petroleum Company (NNPC) Limited have assured Nigerians of collaboration to ensure energy security in the country. The President/Chief Executive of Dangote Group, Aliko Dangote, disclosed...
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Tinubu Doesn’t Live Large — NRS Boss Fires Back At Critics, Says President Walks To Work, Eats Once Daily, Debunks $279m Fraud Allegation

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.
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