Business

Rivers to Face Investment Setback on Emergency Rule

March 23, (THEWILL) – The emergency rule imposed on Rivers State by the Nigerian President, Bola Ahmed Tinubu, is set to deepen the investment decline in the oil and gas-rich area.  The President, in a national broadcast on March 18,...

Bank of Industry Launches N10bn Fund for Female Entrepreneurs  

March 23, (THEWILL) – The Bank of Industry (BOI) has launched a special intervention programme, Project Guaranteed Loans for Women (GLOW), valued at N10 billion, to support female entrepreneurs across Nigeria, the News Agency of Nigeria reports. The initiative aims...

Access Bank To Raise N194bn From Commercial Papers Issuance

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March 23, (THEWILL) – Nigeria’s largest financial bank by assets, Access Bank, is planning to raise up to N194 billion from Series 3 & 4 Commercial Papers (CPs) issuance. The CPs issuance is under its N400 billion Commercial Paper...

Acquisition of IOC’s Assets Holds Prospects For Local Content Expansion

March 17, (THEWILL) – The increasing acquisition of foreign companies’ assets by Nigerian investors in oil and gas sees a huge opportunity in local participation by indigenous players. In recent times, Nigerian investors have acquired assets from foreign companies like...

PenCom Grants PFAs Autonomy To Approve Retirement Benefits Effective June 2025

March 16, (THEWILL) – In a major policy overhaul, the National Pension Commission (PenCom) has issued a new directive that grants Pension Fund Administrators (PFAs) the full authority to approve and process several categories of retirement benefits without...

SEC Revokes Mainland Trust Limited’s Registration Over Regulatory Infractions

March 16, (THEWILL) – The Securities and Exchange Commission (SEC) has revoked the registration of Mainland Trust Limited as a capital market operator, citing regulatory non-compliance and unresolved complaints against the company. The decision, which takes immediate effect, was...

Q4 2024: Agric Exports Soar on Weak Naira, Exceed Imports in Record Performance

March 16, (THEWILL) – In a stunning outcome of events, the value of Nigeria’s agricultural goods exported in the fourth quarter of 2024 exceeded that of the imported category during the period. And this is historic. Data from the National...

Renaissance Energy Finalises Acquisition Of Shell’s SPDC

March 14, (THEWILL) – Renaissance Africa Energy Holdings has announced the successful completion of its acquisition of Shell Petroleum Development Company of Nigeria (SPDC), securing full ownership of the company. The deal, which follows the signing of a sale and...

Asian Banker Awards: FirstBank Maintains Dominance In SME Banking Across Nigeria, Africa

March 14, (THEWILL) – Through a legacy of excellence and Innovation, First Bank of Nigeria Limited, the country’s oldest and most distinguished financial institution, has once again solidified its reputation as a leader in the banking industry. The Bank...

Transcorp Group Records Outstanding Growth In FY 2024 As Revenue Increases By 107%

March 10, (THEWILL) – Nigeria’s leading listed conglomerate, Transnational Corporation Plc (Transcorp or the Group), has announced its financial results for the year ended December 31, 2024. Consistent with its results track record, the Group sustained a strong growth...