Business

Update: EXCLUSIVE: Aiteo’s Earnings Top Record N471bn In Half Year, Targets N1trn In 2024

June 14, (THEWILL) – Aiteo Eastern Exploration and Production Limited, one of Nigeria’s largest indigenous producers, has recorded crude sales of $325m about N471 billion in the first half of the year and could be on course to reach...

No Plan to Revoke Operational Licences Of Fidelity, Polaris, Wema, Unity Bank – CBN

June 10, (THEWILL)- The Central Bank of Nigeria (CBN) has refuted reports of ongoing plans to revoke operational licences of Fidelity, Polaris, Wema and Unity Banks. The apex bank, in a statement through its Acting Director of Corporate Communications Department,...

Benedict Peters’ Bravura to Begin Zimbabwe Lithium Production in 2025

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June 10, (THEWILL)- Bravura Holdings – a firm owned by Nigerian tycoon Benedict Peters – plans to start production at a Zimbabwean lithium project early next year, a company official said. The miner remains committed to commissioning the Kamativi lithium...

Sacked CBN Workers Seek NASS Intervention

June 10, (THEWILL)- In what looks like the first public confirmation of the ongoing mass sack of workers by the Central Bank of Nigeria, CNB, the affected employees on Sunday called to question the criteria used for their disengagement,...

Defying Dream-Killers, Dangote Battles Nigeria’s Agony of Local Refining

June 10, (THEWILL)- With refined petroleum products beginning to flow from the newly completed 650,000 bpd Dangote Refinery in Lagos, it can be said that Africa’s richest businessman and President, Aliko Dangote, has achieved his goal of defying Africa’s...

Bank Liquidation, Recapitalisation And The Nigerian Economy

June 9, (THEWILL)- Barely seven months after the Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, gave a blanket clean bill of health to Nigerian banks in his keynote speech at the Chartered Institute of Bankers of Nigeria (CIBN)...

FirstBank Wins 2024 Best SME Bank In Nigeria And Best SME Bank in Africa By Asian Banker Awards

June 9, (THEWILL)- Nigeria’s premier financialinstitution and financial inclusion services provider has bagged two awards: Best SME Bank in Africa and Best SME Bank in Nigeria at the highly converted Asian Banker Global Excellence Retail Awards 2024. Th Excellence in...

Long, Tough Journey to ASAP Destination

June 9, (THEWILL)- In what appears to be another “bold” move to restore the economy on the path of sustainable growth and guarantee quality leaving standard for the citizens, the Federal Government recently unveiled two major policy initiatives it...

Disputed Multi-million Naira AMCON Debt Perishes in Liquidated Heritage Bank – Solicitors to Approach NDIC For Recovery

June 9, (THEWILL)- An account-holder with Heritage Bank Plc, Frontel Nigeria Limited, who had bemoaned the non-settlement of a N200 million judgment debt decided in its favour by the Lagos Court of Appeal on March 30, 2022, has eventually...

Edo 2024: Akpata Tackles Edo Govt Over Campaign Billboards Vandalisation

June 9, (THEWILL)- The Labour Party (LP) candidate for the September 21 governorship election in Edo State, Barr. Olumide Akpata, at the weekend raised the alarm over alleged destruction of his billboards across the state, particularly in Benin city,...