Business

Polaris Bank Wins Sectoral Award at 2024 NECA Employers’ Excellence Event

December 15, (THEWILL) - Polaris Bank has achieved yet another milestone by emerging as the Sectoral Winner in the Banking and Other Financial Institutions Sector category at the 2024 NECA Annual Employers’ Excellence Awards. The Bank received the sectoral recognition...

Equities Market Exceeds N60trn Mark As Investors Set for Huge Gains in 2024

December 15, (THEWILL) - The Nigerian equities market has advanced into the N60 trillion territory, a record performance that boosts investors’ optimism for massive gains haul in the next 10 trading days to close the year. At the end of...

Nigeria’s 2025 Budget: Gross Violation of Fiscal Responsibility Act

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December 15, (THEWILL) - Whenever (and if ever) it comes into existence, Nigeria’s 2025 Federal Budget is already a gross violation of the letter and spirit of the country’s Fiscal Responsibility Act (FRA) 2007. Specifically, the timelines enshrined in...

Mayor Ndigbo: Chisco Boss Anyaegbu Withdraws From Investiture

December 13, (THEWILL) - The Chairman/Chief Executive Officer of Chisco Group of Companies, Dr Chidi Anyaegbu, has announced his decision to step back from the planned installation as National Life Patron of the United Igbo Elders Council Worldwide...

Seplat Energy Completes Acquisition Of Mobil Nigeria From ExxonMobil

December 13, (THEWILL) - Seplat Energy Plc has finalized its acquisition of Mobil Producing Nigeria Unlimited from ExxonMobil Corporation, marking a significant milestone in the Nigerian oil and gas sector. The $800 million transaction, initially agreed upon in...

Access Bank Expands Footprint With Acquisition Of South Africa’s Bidvest Bank

December 12, (THEWILL) - Nigeria’s Access Holdings Plc, the largest financial services group in the country by total assets, has announced a major step in its continental expansion strategy with the acquisition of Bidvest Bank Limited, a South...

Norwegian Energy Giant Equinor Exits Nigeria, Azerbaijan

December 10, (THEWILL) - Norwegian energy giant, Equinor has exited the upstream business in Nigeria and Azerbaijan after completing oil and gas asset sales of $2 billion. The divestments of assets and exits from operations in Nigeria were...

Banks’ Recapitalisation: Experts Outline Key Factors For Effective Delivery

December 09, (THEWILL) - The ongoing recapitalisation of Nigerian banks must be executed in a manner that boosts investors’ confidence while guiding against short-changing them, industry experts and stakeholders have emphasized.   This view was expressed at the annual conference of...

Q3 2024: FCMB’s 63% Pre-tax Profit Signals Strong Year-end Growth

December 08, (THEWILL) – FCMB Group Plc recently announced a pre-tax profit of N27.6 billion for the third quarter of 2024, up from N16.9 billion in the same period last year, and this points to a bountiful 2024 annual...

BoI, AGF Sign $50m Portfolio Agreement to Support Women in Finance

December 08, (THEWILL) – The Bank of Industry (BoI) and African Guarantee Fund (AGF) have signed a 50 million dollars portfolio guarantee agreement in support of the African Development Bank’s Group (AfDB) Affirmative Finance Action for Women in Africa...