Business

April 25, (THEWILL) – United Bank for Africa (UBA) Plc has announced an increase in its capital base to N355.2bn, bringing the pan-African financial institution closer to meeting the N500bn capital requirement set by the Central Bank of Nigeria...

April 25, (THEWILL) – The Competition and Consumer Protection Tribunal has upheld a fine of $220 million imposed on Meta Platforms (owners of Facebook) and WhatsApp LLC by the Nigerian government. The judgement follows an appeal by Meta to challenge...

April 22, (THEWILL) – The Manufacturers Association of Nigeria (MAN) has raised concerns over the rising stockpile of unsold finished goods in 2024,  which has hit N2.14 trillion amid surging production costs, weak consumer demand, and inflationary pressures. The Director-General...

April 20, (THEWILL) – The Central Bank of Nigeria (CBN), in collaboration with J.P. Morgan, the Nigerian Exchange Group (NGX) and Africa Private Capital Association (AVCA), on Thursday, April 17, 2025, hosted a high-profile global forum at Nasdaq MarketSite...

April 20, (THEWILL) – Speakers, participants and other guests at the recently concluded 36th edition of the Central Bank of Nigeria (CBN) Seminar for Finance Correspondents and Business Editors held in Abuja, agreed that implementing the banking recapitalisation scheme poses...

April 20, (THEWILL) – First HoldCo (formerly FBN Holdings) Plc has released its audited financial results for the year ended December 31, 2024, reporting a 105.71 percent rise in gross earnings to N3.213 trillion - from N1.562 trillion achieved...

April 20, (THEWILL) – Central Securities Clearing System (CSCS) Plc has released its audited consolidated and separate financial statements for the year ended December 31, 2024, delivering a robust performance marked by double-digit growth in revenue and profitability. Total revenue...

April 17, (THEWILL) – The United Kingdom is backing efforts to mobilise more domestic capital for sustainable infrastructure development and Nigeria’s energy transition through catalytic investment. Through its MOBILIST programme, the UK government is investing NGN9.5 billion ($6 million) in...

April 16, (THEWILL) – Access Holdings Plc has posted strong financial results for the full year ended December 31, 2024, with gross earnings surging by 88% year-on-year to N4.878 trillion, up from N2.594 trillion in 2023. The group’s audited...

April 16, (THEWILL) – The Economic and Financial Crimes Commission (EFCC) has launched a full-scale investigation into the alleged N1.3 trillion investment scam involving CryptoBank Exchange (CBEX), a digital trading platform that recently collapsed, leaving thousands of investors stranded. The...