Business

Banker Awards 2024: Zenith Bank Emerges Nigerian Bank Of The Year

December 05, (THEWILL) – Zenith Bank Plc has emerged as ‘Bank of the Year, Nigeria’ in The Banker’s Bank of the Year Awards 2024, in recognition of its strong management, sound business model and strategy, and approach to sustainability...

Eurobond Issuance Oversubscribed By $9bn As FG Raises $2.2bn – DMO

December 03, (THEWILL) - The Federal Government has raised $2.2 billion in Eurobonds maturing in 2031 (6.5-year) and 2034 (10-year) in the international capital markets, with $700 million and $1.5 billion raised in the 2031 and 2034...

Business As Usual: The Litany of Waste in Govt Audit Reports

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December 02, (THEWILL) - While Nigeria goes cap in hand across the globe in search of lenders to fund its unending budget deficits, reports by the Office of the Auditor-General of the Federation (OAuFG) reveal an endemic culture of...

UBA, NIBSS, other Banks Collaborate on NQR Payment Solution 

December 02, (THEWILL) - In a significant move aimed at enhancing financial inclusion and the digital payment landscape in Nigeria, the United Bank for Africa (UBA) on behalf of Nigeria Inter-Bank Settlement System (NIBSS), other Banks and financial institutions,...

Union Bank Names Bayo Adeleke New Board Chairman

December 02, (THEWILL) - Union Bank of Nigeria Plc has announced the appointment of Bayo Adeleke, as its new board chairman. The bank in a statement on Sunday, also announced the appointment of two executive directors and five non-executive...

Tax Reforms: CITN Holds Workshop for Finance Journalists

December 01, (THEWILL) - The Chartered Institute of Taxation of Nigeria (CITN) will host a one-day workshop to enhance the knowledge of media practitioners and finance reporters, particularly members of the Finance Correspondents Association of Nigeria (FICAN). Coming on the...

Equities Market: Investors Reap N18.1trn on Robust 30.4% Y-t-D Index Growth

December 01, (THEWILL) - Equity investors raked in N18.1 trillion in the first eleven months of the year as investor confidence became more robust in the bouncing Nigerian stock exchange during the trading days. The Nigerian stock market commenced 2024...

Jobless GDP Growth Compounds Manufacturers’ Woes

December 01, (THEWILL) - The 3.46 per cent (year-on-year) Gross Domestic Product, GDP, growth recorded by the Nigerian economy in the third quarter (Q3) of 2024 shows little impact on manufacturing,  a major player in the real sector. The National Bureau...

The Symbolism and Significance of Port Harcourt Refinery Relaunch

December 01, (THEWILL) - About two decades after the Port Harcourt Refining Company (PHRC) went moribund, and billions of dollars sunk into its repairs, the company got re-started by the Federal Government last week. In a statement issued by...

TotalEnergies Targets Another $750m Gas Project In Nigeria

November 29, (THEWILL) - French energy giant, TotalEnergies SE, says it hope to sanction another investment plan of about $750 million gas project in Nigeria next year. “We have another dry gas project called Ima which we hope to...