Business

Running Nigerian Economy on Palliatives?

March 03, (THEWILL)- In dealing with one of the initial shocks of the fuel subsidy removal in June 2023, many agencies of the Federal Government and a good number of state governments ‘officially’ reduced working days of the week...

Protection Of Nigerian Depositors Remains Priority, NDIC Says

The Nigeria Deposit Insurance Corporation (NDIC) has disclosed that the Corporation has introduced the Single Customer View (SCV) framework to expedite payment to depositors of closed banks while reiterating that their priority is to protect Nigerian depositors. Speaking at the...

Govt Slams Binance with $10bn Fine

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March 03, (THEWILL)- The crypto trading platform Binance has been slammed with a $10 billion fine by the Federal Government over allegations of influencing the country’s forex crisis. The special adviser to President Bola Tinubu on information and strategy, Bayo...

FG to Borrow N1.64trn Via Treasury Bills in Q2 2024

March 03, (THEWILL)-  The Central Bank of Nigeria, CBN, has said it would sell Treasury Bills, TBs, worth N1.64 trillion for the second quarter 2024, Q2’24 on behalf of the federal government. This is contained in the apex bank’s Nigeria...

Forex Crisis: CBN Revokes Operational Licenses of 4,173 BDCs

March 03, (THEWILL)-  The Central Bank of Nigeria, CBN, has revoked the licenses of 4,173 Bureau De Change Operators. According to the apex bank, the affected institutions failed to observe regulatory provisions. These, according to the bank, include payment of all...

Minister Inaugurates NCDMB Governing Council, Pledges to Increase Local Content Achievements

March 03, (THEWILL)-  The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri on Thursday in Abuja inaugurated the 4th Governing Council of the Nigerian Content Development and Monitoring Board (NCDMB). The NCDMB Governing Council is set up under...

Transcorp Power to List on NGX at N1.8tr Market Cap

March 03, (THEWILL)- Transcorp Power is set to debut on the Nigerian Exchange Limited (NGX), boasting a market capitalisation of N1.8 trillion. The company is a member of the Transcorp Group, which includes Transcorp Hotel, equally listed as a separate entity. The...

Millions Impoverished, Miserable: Journey To Naira’s Free Fall

March 03, (THEWILL) - Mr Ambrose Agada is a transporter and trader at the popular Ile-Epo Food Market in Alimosho Local Government Area of Lagos State. Every day, since the past three weeks, he watches helplessly as his record...

AMCON: Dilemma of New Management Over Multi-Trillion Naira Debt

March 03, (THEWILL)- President Bola Tinubu on February 22, 2024 approved the appointment of a new management team for the Asset Management Corporation of Nigeria (AMCON). The four-man team included Gbenga Alade, Managing Director/CEO and three executive directors, namely...

MTN Nigeria Posts N740bn Forex Losses, Wiping out Shareholders’ Funds

March 01, (THEWILL) - MTN Nigeria Plc suffered foreign exchange losses amounting to N740 billion in FY 2023, against N81 billion reported in the previous year 2022. This resulted to a loss before tax of N177.8 billion compared to...
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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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