Business

Zenith Bank Holds Fourth Edition Of Annual Tech Fair In Lagos

November 19, (THEWILL) - The Fourth Edition of the Zenith Bank Tech Fair, tagged, “Future Forward 4.0: Embedded Finance, Cybersecurity & Growth Imperatives – The Impact of AI”, is set to hold on Thursday, November 21, 2024. The fair,...

CBN Alerts Nigerians Of Fraudulent Contractors

November 19, (THEWILL) - The Central Bank of Nigeria (CBN) has alerted Nigerians to activities of fraudsters falsely claiming to possess award letters for contracts related to construction projects and special financial interventions, purportedly issued by the apex...

Agribusiness in Jeopardy Amid Inflation Surge

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November 18, (THEWILL) - There are strong indications that the continued rise in Nigeria’s inflation rate is a threat to agribusiness --  key anchor of a struggling economy that is gasping for  breath, and yearning for diversification. The country has...

Dangote Exposes Nigeria’s Allergy to Functional Refinery

November 17, (THEWILL) - With the calming of nerves between Dangote Refinery and the behemoth Nigerian National Petroleum Company Limited (NNPCL), the nation can now relax over the anxiety that unending scarcity of petrol creates. While the pump price...

Cash Crunch: CBN Directs Banks to Load ATMs

November 17, (THEWILL) - The Central Bank of Nigeria (CBN) has directed banks to prioritise cash disbursement through automated teller machines (ATMs). CBN gave the directive in a circular to banks on Friday titled ‘Mystery shopping & spot checks on...

Wema Bank: Recapitalisation Poses Hurdle to National Spread

November 17, (THEWILL) - Wema Bank Plc, a lower-rung Tier-2 financial services institution, may face additional challenge of achieving effective national spread under the recapitalization policy initiated by the Central Bank of Nigeria (CBN). The apex bank had on March...

Access Holdings Acquires Majority Stake In Afrasia Bank Mauritius

November 15, (THEWILL) - Access Holdings Plc has announced a significant milestone in its expansion strategy. Its banking subsidiary, The Access Bank UK Limited, has secured a binding agreement to acquire a majority equity stake in Afrasia Bank Limited, Mauritius’...

UBA To Raise N239.4bn Through Rights Issue

November 14, (THEWILL) - Africa’s Global Bank, United Bank for Africa (UBA) Plc, has announced plans to raise N239.4 billion through a Rights Issue of 6,839,884,274 ordinary shares of 50 kobo each at N35.00 per share. The Rights Issue, which...

NNPC, Dangote Sign 10-Year Gas Supply Deal To Boost Domestic Production, Drive Industrial Growth

November 14, (THEWILL) - The Nigerian National Petroleum Company Limited, through its subsidiary NNPC Gas Marketing Limited, has signed a Gas Sale and Purchase Agreement with Dangote Petroleum Refinery and Petrochemicals FZE. This deal is expected to supply natural gas...

NNPC Appoints Adedapo Segun CFO, Abdullahi, Ntia As Executive Vice Presidents

November 14, (THEWILL) - The Nigerian National Petroleum Company Limited has appointed Adedapo Segun as its new Chief Financial Officer, Isiyaku Abdullahi as Executive Vice President for Downstream, and Udobong Ntia as Executive Vice President for Upstream. In a statement...