Promoting Agribusiness amid Insecurity

Sam Diala, THEWILL — Mon, 24 Feb 2025 11:05:33 +0000

February 24, (THEWILL) – The Nigerian government has been promoting agriculture and agribusiness with an unusual vigour and in a manner that suggests that those in authority are oblivious of the frequent killings of farmers, especially in Benue state. Benue, recognised as Nigeria’s food basket, has been grappling with a high rate of insecurity, especially […]

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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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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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NIBSS Upgrades NQR Payment for Enhanced Digital Transactions in Nigeria

Sam Diala, THEWILL — Mon, 10 Feb 2025 11:02:45 +0000

February 10, (THEWILL) – With digital transactions hitting over N1 quadrillion in 2024, the Nigeria Inter-Bank Settlement System (NIBSS) has unveiled significant upgrades to its Nigeria Quick Response (NQR) payment system, designed to streamline and enhance digital transactions for businesses and individuals across Nigeria. The NQR payment system is part of Nigeria’s broader push to […]

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NCDMB Hosts Nigerian Army Personnel, Showcases Milestones in Local Content Implementation

Sam Diala, THEWILL — Sat, 08 Feb 2025 23:01:33 +0000

February 09, (THEWILL) – The Nigerian Content Development and Monitoring Board (NCDMB) on Thursday in Yenagoa, Bayelsa State, played host to a visiting team of ranking military officers from the Nigerian Army Resource Centre (NARC), Abuja, who are in the state on a local study tour. At an interactive session at the Nigerian Content Tower […]

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Recapitalisation: FCMB in Massive Digital Innovation, as IT/IS Costs Jump 56% in 2024

Sam Diala, THEWILL — Sat, 08 Feb 2025 23:01:03 +0000

February 09, (THEWILL) – Ahead of the March 31, 2026 recapitalisation deadline, Nigeria’s foremost financial services institution, the FCMB Group Plc, is expanding its digital banking landscape to effectively operate in the highly competitive environment that would emerge from the exercise. Data obtained from the Group’s unaudited 2024 financial statements filed with the Nigerian Exchange […]

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Electronic Money Transfer Levy Soars 107.23% to N31.21bn in December

Sam Diala, THEWILL — Mon, 03 Feb 2025 11:04:47 +0000

February 03, (THEWILL) – In a dramatic twist of events, Electronic Money Transfer Levy accelerated by 107.23 percent in December, 2024, to N31.21 billion from N15.06 billion recorded in the preceding month of November. Compared with the equivalent period of the preceding year, December 2023, the difference is 67.7 percent against the N18.6 billion recorded […]

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