Business

April 05, (THEWILL) – The Central Bank of Nigeria (CBN) has injected $197.71 million to boost market liquidity and stability in the foreign exchange market. A statement signed by Omolara Omotunde Duke, Director, Financial Markets Department, said the measure...

April 03, (THEWILL) – The Central Bank of Nigeria has debunked reports suggesting plans to introduce N5,000 and N10,000 banknotes, describing them as false and misleading. The apex bank’s response follows the circulation of misinformation alleging that the CBN intends...

April 03, (THEWILL) – In a sweeping move aimed at reshaping global trade dynamics, U.S. President Donald Trump has announced a 10% tariff on imports from all countries, with additional levies targeting about 60 nations deemed the "worst offenders"...

April 01, (THEWILL) – The Central Bank of Nigeria (CBN) has reported a substantial improvement in its Net Foreign Exchange Reserve (NFER) position, reflecting a substantial improvement in the country’s external liquidity, reduced short-term obligations, and renewed investor confidence. A...

March 31, (THEWILL) – Nigeria’s largest bank by market capitalization, Zenith Bank Plc, expanded its balance sheet by a remarkable 47.2 percent to N30 trillion in FY 2024 against N20.36 trillion recorded in the previous year (FY 2023). According...

March 30, (THEWILL) – Africa’s Global Bank, United Bank for Africa Plc, recorded N236.30 billion in e-banking revenue on a strong financial inclusion drive, according to its audited financial statement for the period ended December 31, 2024. This constitutes an...

March 27, (THEWILL) – Auto stocks declined in morning trade on Thursday, with Tata Motors tumbling over 6%, after the U.S. President Donald Trump imposed 25% tariffs on car imports from April. On Wednesday, Trump imposed 25% tariffs on...

March 27, (THEWILL) – Zenith Bank Plc has announced its audited financial results for the year ended December 31, 2024, delivering a significant growth across key performance indicators. The Bank’s impressive performance reflects effective management and pricing of its...

March 24, (THEWILL) – Africa’s Global Bank, United Bank for Africa (UBA) Plc, has released its audited financial results for the full year ended December 31, 2024, with all its major indicators witnessing significant improvement. The 2024 financials, filed with...

March 24, (THEWILL) – Nigeria is in for a fresh foreign exchange crisis as the country gradually returns to increased importation of petroleum products which it had assured the world was over.   After decades of massive importation of petroleum products,...