Business

April 30, (THEWILL) – Guaranty Trust Bank Limited has informed its customers of an upward review in charges for SMS transaction alerts. In a notice sent to customers, the bank said that effective Thursday, May 1, 2025, the fee for...

April 30, (THEWILL) – The Nigerian National Petroleum Company Limited (NNPC Ltd.) has relieved the Managing Directors of its three state-owned refineries—Port Harcourt, Warri, and Kaduna—of their duties, in a sweeping shake-up that also affected several senior management...

April 28, (THEWILL) – FirstHoldCo's 2024 results show a significant boost in earnings and profit, but also highlight some areas of concern, one of which is the increase in the Non-Performing Loans (NPLs) ratio.   FirstHolCo recorded a 10.20 percent hike...

April 27, (THEWILL) – Contrary to claims by the authorities, there is an indication that the recent unbundling of the Transmission Company of Nigeria (TCN) into two distinct entities will not alter the lingering energy challenge that has plagued...

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...