Business

October 20, (THEWILL) – The approval of an Economic Stabilisation Bill (ESB) by the Federal Executive Council (FEC) presided over by President Bola Ahmed Tinubu, recently, is by all consideration, a move at the nick of time. This...

October 20, (THEWILL) – FBN Holdings Plc has officially announced the appointment of Adebowale (Wale) Oyedeji as the new Group Managing Director (GMD), effective November 13, 2024. This appointment, which is subject to the approval of the Central Bank of...

October 20, (THEWILL) – In a paradox that has defined Nigeria’s electricity sector, the eleven Distribution Companies (DisCos) across the country recorded increased revenue during the second quarter of the year (Q2 2024) amid poor power supply and...

October 20, (THEWILL) – With many businesses battling for survival amid mounting economic headwinds, there are renewed expectations that Nigeria’s leading digital retail financial institution, Polaris Bank Limited, would step up its activities to salvage the crumbling informal...

October 18, (THEWILL) – Nigeria banks lost N42.6 billion to fraud in the second quarter of 2024, the Association of Mobile Money and Bank Agents in Nigeria (AMMBAN), said on Friday. Citing report from the Financial Institutions Training Centre...

October 17, (THEWILL) – American multinational financial services firm, JP Morgan, has advised countries, including Nigeria, who are seeking foreign direct investments (FDIs) to ensure consistency in their regulatory frameworks. Speaking on Wednesday, at the 30th Nigerian Economic Summit, Mr...

October 16, (THEWILL) – Nigeria’s foreign reserves rose by 12.74 percent to $39.12 billion as at October 11, Central Bank governor, Olayemi Cardoso, disclosed on Tuesday. Speaking when he appeared before the House of Representatives committee on banking regulation,...

October 14, (THEWILL) – Transcorp Power Plc, one of the power subsidiaries of Transcorp Group, has announced its financial results for the third quarter of the year ending September 30, 2024, demonstrating remarkable growth across the business. In its...

October 14, (THEWILL) – Nigeria’s contributory pension scheme (CPS) which marks its 20th anniversary this year (2024) has not only repositioned the pension industry and impacted the economy in a positive way; it has put the apex regulatory body,...

October 13, (THEWILL) – Despite housing huge crude reserves, significant natural gas deposit and being the hub of Nigeria’s oil business, Rivers State, in South-south region, attracted zero foreign investment in two quarters (Q1 and Q2) of the...