Business

Providus Bank To Absorb Unity Bank As Merger Plan Advances

September 02, (THEWILL) — Providus Bank is set to assume the corporate identity of Unity Bank under a merger scheme that will see Unity shareholders either paid in cash or allotted shares in Providus. According to the scheme, Providus...

NNPC, TotalEnergies, Sapetro Sign Landmark PSC For Deepwater Blocks

September 02, (THEWILL) — The Nigerian National Petroleum Company Limited, in partnership with the TotalEnergies–Sapetro Consortium, has signed a landmark Production Sharing Contract for Petroleum Prospecting Licences 2000 and 2001, marking a major breakthrough in Nigeria’s upstream oil and...

UBA SuperSavers’ Promo Sparks Prospects of Dividend Boom

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September 01, (THEWILL) — The recently inaugurated United Bank for Africa (UBA) Supersavers’ Promo, which runs from September 1, 2025, to May 31, 2026, has ignited positive reactions among investors who are optimistic of high dividend payout following increased earnings...

Equity Market Records 33% Turnover Decline in Week Ended August 29

September 01, (THEWILL) — The Nigerian Exchange (NGX) equity market closed on a bearish note for the week ended August 29, 2025, amid mixed investor sentiments. Data from the NGX weekly report showed that equity turnover dropped by 32 percent...

Union Bank Completes Merger With Titan Trust

September 01, (THEWILL) — Union Bank of Nigeria, one of the country’s oldest financial institutions, has announced the successful completion of its merger with Titan Trust Bank Limited, following final approval from the Central Bank of Nigeria. In a...

FAAC: EMTL Funds Swell By 181.2% To N37.6bn in July 2025 

August 31, (THEWILL) — The Electronic Money Transfer Levy (EMTL) funds climbed to an all-time high of N37.60 billion in July 2025, constituting a 181.2 percent increase, compared with N13.37 billion recorded in July 2024, and a 28.9 percent...

Recapitalisation: GTBank Boosts Capital Base With N365.9bn Injection

August 31, (THEWILL) — Guaranty Trust Holding Company Plc has injected N365.9bn into its banking subsidiary, Guaranty Trust Bank Limited. This is aimed to meet the new minimum capital requirement of N500 billion set by the Central Bank of...

Stakeholders Plan 1st National Conference on STI Communication

August 31, (THEWILL) — Stakeholders in the nation’s science, technology and innovation sector are set to hold the inaugural National Conference on Science, Technology and Innovation Communication (STICOMMSLOC) in collaboration with the African University of Science and Technology (AUST),...

Access Holdings Appoints Innocent Ike As New GMD/CEO

August 28, (THEWILL) — Access Holdings Plc has announced the appointment of Innocent Ike as the substantive Group Managing Director (GMD) and Chief Executive Officer (CEO) of the company. The appointment, which takes effect from August 29, 2025, was...

Roosevelt Ogbonna Steps Down from Access Holdings Board, Retains Role as Bank CEO

August 27, (THEWILL) — Roosevelt Ogbonna has resigned from the Board of Access Holdings Plc as a Non-Executive Director after three and a half years of service in that capacity. Despite the development, Ogbonna will continue as the Managing Director/Chief...