Business

BREAKING: CBN Intervenes In FX Market, Sells Dollars To BDCs At N1,450/$1

July 18, (THEWILL) - The Central Bank of Nigeria says it will sell dollars to Bureau De Change operators (BDCs) at N1,450/$1 to strengthen the local currency in the parallel market sector. According to the bank, BDCs will receive $20,000...

FXTM Academy Concludes Successful Event in Port Harcourt, Hosts Next Event in Lagos

July 18, (THEWILL) - FXTM, a global online trading company, is hosting an exclusive training for traders, where participants can discover the strategies used by the world's top traders, to gain mastery of the market. FXTM Academy is dedicated to...

Tinubu Seeks Senate Approval For Additional N6.2trn To 2024 Budget

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July 17, (THEWILL) - President Bola Tinubu has asked the Senate to approve an additional N6.2 trillion to the existing 2024 budget. The request was conveyed in a letter read at plenary session on Wednesday, by Senate President Godswill...

Adaora Umeoji Highlights Zenith Bank’s Robust Financial Metrics, Sets Profit Mark Above N1trn

July 16, (THEWILL) - Zenith Bank Plc, Nigeria’s leading financial institution, held its Capital Markets Day last week to showcase the bank’s inherent values as it embarks on its recapitalisation journey. The event, which brought together key market players,...

Nigeria’s Inflation Jumps To 34.19% In June – NBS

July 15, (THEWILL) - Nigeria’s inflation has jumped in June 2024 to 34.19 percent, from 33 95 percent recorded in May, the National Bureau of Statistics (NBS) disclosed in its latest Consumer Price Index (CPI) and Inflation report released...

NNPC Stake in Dangote Refinery Drops to 7.2%, Says Aliko Dangote

July 15, (THEWILL) - NNPCL: We made a commercial decision to cap our investment at the amount already paid. The Nigerian National Petroleum Corporation Limited’s, NNPCL, stake in Dangote Refinery has dropped to 7.2 per cent from the initial 20...

Recapitalisation: Adaora Umeoji Puts Zenith Bank on Global Spotlight

July 15, (THEWILL) - Zenith Bank Plc, Nigeria’s largest lender by market capitalisation, reaffirmed its industry leadership when the Group Managing Director/Chief Executive Officer, Dame Dr. Adaora Umeoji led the management team to the special forum of stakeholders and...

Pension Asset Gains N4.1trn in One Year, Amid High Contributors’ Withdrawal

July 14, (THEWILL) – Nigeria’s pension asset continues to increase notwithstanding the high rate of contributors’ withdrawal, In May 2024, the Nigerian pension industry maintained its uptrend, reaching an all-time high of N20.23 trillion. This marks an impressive N4.12...

FIRS Records 170,000 New Tax Payers, 20% Increase in Compliance

July 14, (THEWILL) – The Federal Inland Revenue Service (FIRS) says the number of taxpayers in the country has increased by 170,000 as the service recorded a 20% improvement in compliance rate. The News Agency of Nigeria (NAN) reports that...

NIBSS: Enhanced Financial Services Infrastructure Boosts e-Banking Revenue, Financial Inclusion

July 14, (THEWILL) – The Nigeria Inter-Bank Settlement System (NIBSS) is engaged in a silent revolution of the financial services sector through its mandate which focuses on problem-solving initiatives. The far-reaching impact underlying the labyrinth of its activities...
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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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