Business - THEWILL NEWS MEDIA

CPI Rebasing, Stable Naira Mask Operating Challenges Against Businesses

Sam Diala, THEWILL — Sat, 22 Feb 2025 23:05:20 +0000

February 23, (THEWILL) – The recent rebasing of Nigeria’s Consumer Price Index (CPI), as announced by the National Bureau of Statistics (NBS) and the momentary stability of the naira in the foreign exchange market, are capable of obscuring the reality of operating challenges plaguing businesses across all sectors. Nigeria’s inflationary outlook has undergone a significant […]

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CBN Ratains Interest Rate At 27.50%

Felix Ifijeh, THEWILL — Thu, 20 Feb 2025 14:22:44 +0000

February 20, (THEWILL) – The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained the benchmark interest rate at 27.50%. At the last 298th MPC meeting held on November 25 and 26, 2024, the apex bank had raised the monetary policy rate (MPR), which benchmarks interest rates, from 27.25% to 27.50%– […]

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CBN Directs Banks, Financial Institutions To Publish Dormant Account Details

Felix Ifijeh, THEWILL — Wed, 19 Feb 2025 09:12:36 +0000

February 19, (THEWILL) – The Central Bank of Nigeria has instructed all deposit money banks and other financial institutions to publish details of dormant accounts, including the names of account holders, account types, and branch locations, on their official websites. The directive was contained in a circular issued on Monday and signed by Michael Akuka, […]

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Nigeria’s Inflation Dropped To 24.48% In January After CPI Rebasing – NBS

Felix Ifijeh, THEWILL — Tue, 18 Feb 2025 12:29:04 +0000

February 18, (THEWILL) – Nigeria’s headline inflation rate declined from 34.80% in December 2024 to 24.48% in January 2025 following the rebasing of the Consumer Price Index, the National Bureau of Statistics announced on Tuesday. The rebasing exercise, first disclosed by the NBS in October 2024, involved updating the weight and price reference periods used […]

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UBA Group Champions Peace In Africa With Landmark $500,000 Donation To AU Peace Fund

THEWILL. — Tue, 18 Feb 2025 08:45:43 +0000

February 18, (THEWILL) – United Bank for Africa (UBA) Plc demonstrated its commitment to fostering peace and stability across Africa with a landmark donation of $500,000 to the African Union (AU) Peace Fund. This donation by the Group supports the AU’s efforts towards promoting security, conflict resolution, sustainable development, and a unified Africa, as envisioned […]

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Kogi Investment Summit: Memories of February 2018 Economic Mirage

Sam Diala, THEWILL — Mon, 17 Feb 2025 09:00:08 +0000

February 17, (THEWILL) – Undaunted by a deluge of criticism and negative media reports, the Kogi State Government, under Alhaji Yahaya Bello, as governor, braved a two-day ‘Kogi Economic and Investment Summit’ February 13-14, 2018. It was the first in the state’s 25 years of existence then, and it came two years after Yahaya Bello’s […]

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Functional Dangote Plant Halts Unending Repairs of NNPC’s Refineries

Sam Diala, THEWILL — Sat, 15 Feb 2025 23:03:53 +0000

February 16, (THEWILL) –In a dramatic coincidence, Nigeria’s four moribund refineries, which have laid comatose for well over two decades, have returned to life. This is happening at a time Dangote Petroleum Refinery has begun production and inching close to full capacity operations. Dangote Petroleum Refinery, the largest single train refining plant in the world, […]

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GTBank Introduces Zero Processing Fee on POS Terminals for SMEs

Sam Diala, THEWILL — Sat, 15 Feb 2025 23:01:26 +0000

February 16, (THEWILL) – Guaranty Trust Bank Ltd (GTBank) has scrapped processing fees on all its point-of-sale (POS) terminals, allowing small and medium-sized enterprises (SMEs) to receive payments at no cost. The bank announced the initiative in a notice to customers on Thursday, stating that the removal of Merchant Service Charges (MSC) took effect on […]

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Stock Market Investors Record N1.82trn Gain in February 2nd Week

Sam Diala, THEWILL — Sat, 15 Feb 2025 23:01:14 +0000

February 16, (THEWILL) – Nigeria equities market continues to reward investors with enhanced gains as the local bourse remained bullish at the end of the second week trading in February, 2025. Market capitalisation, closed at N67.41 trillion on Friday, February 14, resulting in a N1.82 trillion gain against N65.59 trillion that trading opened with […]

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Keystone Bank Safe, Sound, Fully Operational – CBN Assures

Felix Ifijeh, THEWILL — Fri, 14 Feb 2025 12:33:03 +0000

February 14, (THEWILL) – The Central Bank of Nigeria (CBN) has assured the public, including depositors and other stakeholders of Keystone Bank Limited, that the financial institution remained safe, sound, and fully operational. The assurance followed Tuesday’s ruling of an Ikeja Special Offences Court, which ordered the forfeiture of Sigma Golf Nig. Ltd. rights, title […]

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