Business

KPMG Banking Survey: UBA Emerges Top 5 In Customer Experience

January 07, (THEWILL) – Africa’s Global Bank, United Bank for Africa (UBA) Plc, has cemented its position as a leading customer-centric institution, emerging among the Top 5 banks, in various survey segmentation, in the recently released KPMG 2024 West...

GTCO Secures N209bn In Initial Phase Of Recapitalisation Plan

January 07, (THEWILL) – Guaranty Trust Holding Company Plc has successfully raised N209.41 billion in the first phase of its equity capital raise programme, marking a significant step in its recapitalisation strategy. In a statement issued on Monday, the financial...

UBA Plc Enhances Digital Infrastructure with N135bn 

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January 06, (THEWILL) – Determined to remain atop industry performance rating, Africa’s Global Bank -- United Bank for Africa (UBA) Plc, sank a whopping N135.4 billion in its digital infrastructure during the nine months ended September 30, 2024. This constitutes a 121.4 percent...

Equities Market Delivers N21.85trn Gain to Investors in 2024

January 05, (THEWILL) – Nigeria's equities market delivered a record N21.85 trillion gain in 2024 on the back of robust investors' confidence that characterised trading activities during the period. Data from the Nigerian Exchange Limited (NGX) showed that the the...

FG to meet N19.4 trillion revenue projection in 2024 – Zacch Adedeji  

January 05, (THEWILL) – The chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, has stated that the federal government is on track to achieve its N19.4 trillion revenue target for 2024. Adedeji made this statement on Monday, attributing...

NNPC Makes U-Turn on Kaduna, Warri Refineries

January 05, (THEWILL) – About five months after the Nigerian National Petroleum Company Limited (NNPC Ltd.) said it had commenced the search for companies to take over the running of the Kaduna and Warri Refineries, the national oil company...

Telcos Propose 100% Tariff Hike, Seek NCC Approval

January 03, (THEWILL) – Nigerian telecommunications companies have proposed a 100 percent tariff increase, seeking approval from the Nigerian Communications Commission (NCC). Chief Executive Officer of MTN Nigeria, Karl Toriola, who disclosed this when he featured on Arise TV, said...

Recapitalisation: Access Holdings Performance Reshapes Banking Landscape in 2025

December 29, (THEWILL) – The outstanding performance of Access Holdings, parent company of Access Bank Plc, by securing the full regulatory approvals of the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) of its recently...

Your $1bn Investment a Drop in the Ocean – Dangote Tells NNPC

December 29, (THEWILL) – Aliko Dangote, chairman of Dangote Industries Limited, has said that the Nigerian National Petroleum Company (NNPC) Limited’s $1 billion investment in the refinery is a drop in the ocean. On December 16, NNPC claimed its $1 billion crude-backed...

Access Bank Exceeds CBN’s N500bn Regulatory Threshold, Raises N351bn In Rights Issue

December 26, (THEWILL) - Access Holdings Plc has closed its N351 billion Rights Issue, gaining approvals from the Central Bank of Nigeria and the Securities and Exchange Commission. This feat makes its banking subsidiary, Access Bank Plc, the first Nigerian...