Business

Zenith Retains Position As Nigeria’s Number One Bank by Tier-1 Capital

July 22, (THEWILL) - For the 15th consecutive year, Zenith Bank Plc has retained its position as the number one bank in Nigeria by Tier-1 Capital in the 2024 Top 1000 World Banks’ Rankings, published by The Banker...

Rising Costs And Living Standards at This Time

July 21, (THEWILL) - The impact of the rising cost of living is being felt globally, albeit in different ways, and it is evident that expenses and bills are continuing to rise sharply. The cost of food, household consumables,...

Unity Bank Customers Win Over N4m in Cashtoken Rewards Promo

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July 21, (THEWILL) - Unity Bank customers have claimed over N4 million in cash rewards in its ongoing loyalty programme recently rolled out with Cashtoken, a Cash Reward-as-a-Service company. The winners included no fewer than 40 customers who adopted and...

50% FX Gain Tax: Additional Burden on Banks as Shareholders’ Dividends Dip

July 21, (THEWILL) - In addition to the Asset Management Corporation of Nigeria (AMCON) levy, which takes a huge chunk off their profits, Nigerian banks will now experience further financial hemorrhage as the government plans to impose a 50...

Inflation, Insecurity Threaten Food Import, Forex Gains in H2’24

July 21, (THEWILL) - The Federal Government is firing from all cylinders to revive the ailing economy struck by the twin effects of removal of petrol subsidy and the devaluation of the naira. In the past one year, there...

CBN Directs Banks To Transfer Funds In Dormant Accounts, Unclaimed Balances

July 20, (THEWILL) - The Central Bank of Nigeria has directed deposit money banks (DMBs) and other financial institutions in the country, to transfer funds in dormant accounts and unclaimed balances into an account controlled by the apex bank. A...

CBN Sells $106.5m To Authorised Dealers

July 20, (THEWILL) - The Central Bank of Nigeria (CBN) has commenced a regular sale of foreign exchange through Authorised Dealer Banks and licenced Bureaux De Change (BDCS), to improve supply in the foreign exchange market. This, it said, is...

AON Accuses Lessors of $3m Fraud, Refutes Contract Breach Allegations

July 18, (THEWILL) - The Airline Operators of Nigeria (AON), the umbrella body for all domestic airlines, on Thursday, said two of its members, Air Peace and Azman, have been victims of fraud by lessors, incurring losses exceeding $3...

CBN Raises Concern Over Distortions In FX Retail Market, Sells $20,000 To Each BDC At N1,450/$

July 18, (THEWILL) - The Central Bank of Nigeria (CBN) has expressed concern over the continued distortions in the retail end of the foreign exchange market, which is feeding into the parallel market that has further widened the...

Ibom Air Debunks Allegation Of Contract Breach With Lessors

July 18, (THEWILL) - The management of Ibom Air, the Akwa Ibom State Government-owned airline, has debunked reports that the airline has been blacklisted by aircraft lessors over breach of contract, saying it is untrue. The airline stated...
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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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