Business

April 21, (THEWILL)- Transcorp Hotels Plc, the hospitality subsidiary of Transnational Corporation Plc has announced the divestment of its 100% interest in Transcorp Hotels Calabar Limited to Eco Travels and Tours Limited, an indigenous hospitality company. This was contained in...

April 21, (THEWILL)- Amid worsening economic hardship, Nigerians were subjected to high costs of petrol, diesel and cooking gas in the month of March, 2024, according to the National Bureau of Statistics (NBS). In its monthly reports on Premium Motor...

April 21, (THEWILL)- Africa’s Global Bank, United Bank for Africa Plc (UBA), emerged tops in asset growth among Nigeria’s major financial services institutions, especially those in Tier-1 category. Details from the 2023 financial statements of the ‘Big Five’ recently submitted...

April 19, (THEWILL) - Dr Adesola Kazeem Adeduntan has stepped down as Managing Director/CEO of First Bank of Nigeria Limited, a top banking official with knowledge of the development told THEWILL, Friday night, asking not to be identified....

April 19, (THEWILL) - Transcorp Power Plc (Transcorp Power) has demonstrated impressive financial performance in its released Q1 2024 unaudited financial statements. According to the unaudited account for the period ended March 31, 2024, Transcorp Power recorded N67.86 billion...

April 17, (THEWILL) - Africa’s Global Bank, United Bank for Africa (UBA) Plc, says it will seek shareholders’ nod to raise capital to meet the recapitalisation requirement stipulated by the Central Bank of Nigeria (CBN). UBA disclosed this in a...

April 14, (THEWILL)- Guaranty Trust Holding Plc (GTCO) is intending to seek shareholder approval next month to raise up to $750 million in capital. This initiative aligns with the efforts of other banks to bolster capital reserves in order to...

April 14, (THEWILL)- Notwithstanding the huge opportunity provided by the massive devaluation of the naira, Nigeria’s import of agricultural goods have continued to rise against the value exported. Economic experts identify increase in export of locally produced commodities as a...

April 14, (THEWILL)- Zenith Bank Plc, Nigeria’s most capitalised financial services institution (N1.3 trillion), took a huge advantage of its industry leadership to build a historic balance sheet of N20.36 trillion in 2023. The quantum leap in the group’s...

April 9, (THEWILL) - The shareholders of Zenith Bank would get about N109.88 billion as dividends for the 2023 financial year as its profit after tax hit N676.91 billion. This was disclosed in the annual report, which was filed...