Business

May 04, (THEWILL) – The Central Bank of Nigeria (CBN) has released its 2024 financial statements. The results reflect the Bank’s commitment to economic stability, sound policy implementation, and strategic financial management, highlighting improvements in external reserves, asset quality, cost...

May 04, (THEWILL) – Investors in the Nigerian equity market gained N3.73 trillion in four months (January – April 2025), fueled by robust sectoral earnings and the stability the Central Bank of Nigeria (CBN) monetary policies offered. A review of...

May 02, (THEWILL) – Shareholders of Zenith Bank Plc, at the bank’s 34th Annual General Meeting held at the Civic Centre, Victoria Island, Lagos, on Tuesday, April 29, 2025, approved a final dividend of N4.00 per share for the...

May 01, (THEWILL) – Transnational Corporation Plc (Transcorp Group), Nigeria’s leading listed conglomerate with strategic investments in the power, hospitality, and energy sectors, has announced its unaudited results for the first quarter ended March 31, 2025. The group recorded a...

April 30, (THEWILL) – Guaranty Trust Bank Limited has informed its customers of an upward review in charges for SMS transaction alerts. In a notice sent to customers, the bank said that effective Thursday, May 1, 2025, the fee for...

April 30, (THEWILL) – The Nigerian National Petroleum Company Limited (NNPC Ltd.) has relieved the Managing Directors of its three state-owned refineries—Port Harcourt, Warri, and Kaduna—of their duties, in a sweeping shake-up that also affected several senior management...

April 28, (THEWILL) – FirstHoldCo's 2024 results show a significant boost in earnings and profit, but also highlight some areas of concern, one of which is the increase in the Non-Performing Loans (NPLs) ratio.   FirstHolCo recorded a 10.20 percent hike...

April 27, (THEWILL) – Contrary to claims by the authorities, there is an indication that the recent unbundling of the Transmission Company of Nigeria (TCN) into two distinct entities will not alter the lingering energy challenge that has plagued...

April 25, (THEWILL) – United Bank for Africa (UBA) Plc has announced an increase in its capital base to N355.2bn, bringing the pan-African financial institution closer to meeting the N500bn capital requirement set by the Central Bank of Nigeria...

April 25, (THEWILL) – The Competition and Consumer Protection Tribunal has upheld a fine of $220 million imposed on Meta Platforms (owners of Facebook) and WhatsApp LLC by the Nigerian government. The judgement follows an appeal by Meta to challenge...