Business

Jobless GDP Growth Compounds Manufacturers’ Woes

December 01, (THEWILL) - The 3.46 per cent (year-on-year) Gross Domestic Product, GDP, growth recorded by the Nigerian economy in the third quarter (Q3) of 2024 shows little impact on manufacturing,  a major player in the real sector. The National Bureau...

The Symbolism and Significance of Port Harcourt Refinery Relaunch

December 01, (THEWILL) - About two decades after the Port Harcourt Refining Company (PHRC) went moribund, and billions of dollars sunk into its repairs, the company got re-started by the Federal Government last week. In a statement issued by...

TotalEnergies Targets Another $750m Gas Project In Nigeria

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November 29, (THEWILL) - French energy giant, TotalEnergies SE, says it hope to sanction another investment plan of about $750 million gas project in Nigeria next year. “We have another dry gas project called Ima which we hope to...

Zenith Bank Expands Global Footprints With Official Commissioning Of Paris Branch

November 29, (THEWILL) - Zenith Bank Plc has expanded its global footprint with the opening of Zenith Bank (UK), Paris Branch. The bank, in a statement, said the official commissioning, which took place on Wednesday, November 27, 2024, at 21...

UBA Group To Commence Full Banking Operations In France

November 28, (THEWILL) - United Bank for Africa (UBA Group) has signed a landmark business cooperation agreement with the French Government for the development of UBA's full banking operations in France. The agreement, witnessed by President Tinubu and the President...

GTBank Completes Transition to Finacle Suite, Promises Enhanced Customer Experience

November 28, (THEWILL) - Guaranty Trust Bank has concluded its migration to the Finacle Suite, a state-of-the-art core banking application system, reaffirming its commitment to delivering improved customer service. The transition, which commenced on October 11, 2024, is part of...

Access Bank Completes Acquisition Of Standard Chartered In Angola, Sierra Leone

November 28, (THEWILL) - Access Bank Plc has announced the successful acquisition of Standard Chartered Bank Angola S.A and Standard Chartered Bank (Sierra Leone) Limited. Managing Director/Chief Executive Office, Access Bank Plc, Roosevelt Ogbonna, disclosed this in a notification...

Petrol Price At PH Refinery N75 Higher Than Dangote – PETROAN

November 27, (THEWILL) - The Petroleum Products Retail Outlets Owners Association of Nigeria has expressed concern over the disparity in petrol prices at the Port Harcourt Refinery and the Dangote Refinery. Speaking during the reopening ceremony of the refinery on...

BREAKING: Again, CBN Raises Interest Rate To 27.50%

November 26, (THEWILL) - Despite growing discontent among manufacturers about high interest rates, the Monetary Policy Committee of the Central Bank of Nigeria (CBN) has again  raised the benchmark interest rate by 25 basis points from 27.25% to 27.50% CBN...

OPay Partners AfriGOpay To Boost Digital Payments In Nigeria

November 26, (THEWILL) - OPay,  a fintech company has announced a strategic partnership with AfriGO Card, to enhance the availability of digital payment services to Nigerians. AfriGO card is powered by Afrigopay Financial Services Limited (AFSL), a subsidiary of the...