Business

November 17, (THEWILL) - With the calming of nerves between Dangote Refinery and the behemoth Nigerian National Petroleum Company Limited (NNPCL), the nation can now relax over the anxiety that unending scarcity of petrol creates. While the pump price...

November 17, (THEWILL) - The Central Bank of Nigeria (CBN) has directed banks to prioritise cash disbursement through automated teller machines (ATMs). CBN gave the directive in a circular to banks on Friday titled ‘Mystery shopping & spot checks on...

November 17, (THEWILL) - Wema Bank Plc, a lower-rung Tier-2 financial services institution, may face additional challenge of achieving effective national spread under the recapitalization policy initiated by the Central Bank of Nigeria (CBN). The apex bank had on March...

November 15, (THEWILL) - Access Holdings Plc has announced a significant milestone in its expansion strategy. Its banking subsidiary, The Access Bank UK Limited, has secured a binding agreement to acquire a majority equity stake in Afrasia Bank Limited, Mauritius’...

November 14, (THEWILL) - Africa’s Global Bank, United Bank for Africa (UBA) Plc, has announced plans to raise N239.4 billion through a Rights Issue of 6,839,884,274 ordinary shares of 50 kobo each at N35.00 per share. The Rights Issue, which...

November 14, (THEWILL) - The Nigerian National Petroleum Company Limited, through its subsidiary NNPC Gas Marketing Limited, has signed a Gas Sale and Purchase Agreement with Dangote Petroleum Refinery and Petrochemicals FZE. This deal is expected to supply natural gas...

November 14, (THEWILL) - The Nigerian National Petroleum Company Limited has appointed Adedapo Segun as its new Chief Financial Officer, Isiyaku Abdullahi as Executive Vice President for Downstream, and Udobong Ntia as Executive Vice President for Upstream. In a statement...

November 12, (THEWILL) - Africa’s Global Bank, United Bank for Africa (UBA) Plc, has announced the appointment of Henrietta Ngozi Ugboh, as a Non-Executive Director on the Group’s Board. The appointment has been duly approved by the relevant regulatory bodies...

November 11, (THEWILL) - There are indications that many Nigerian businesses will join the league of exited or closed firms in the coming year, mainly on account of high energy costs, both petroleum products and electricity, among other adverse...

November 11, (THEWILL) - The Kogi State Government says it has commenced processes leading to the establishment of a special economic zone with the status of a free trade zone to be located in the Ajaokuta economic development corridor...