Business

UBA Group Record N607bn Profit Buoyed By Higher Interest Income, Fx Gains

April 9, (THEWILL) - Africa’s global financial institution, the United Bank for Africa (UBA) Plc, has reported its audited accounts for 2023, revealing gross earnings of N2 trillion, a significant increase from N835 billion just a year earlier. This...

GTCO Grows FY Pre-Tax Profit By 184.5% To N609.3bn

April 9, (THEWILL) - Guaranty Trust Holding Company Plc (GTCO), has reported profit before tax (PBT) of N609.3 billion, representing an increase of 184.5 percent over N214.2 billion recorded in the corresponding year ended December 2023. This was disclosed...

NGX Group GMD, Temi Popoola Elected Chairman Of CSCS

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April 8, (THEWILL) - The Group Managing Director/Chief Executive Officer of the Nigerian Exchange Group (NGX Group), Mr. Temi Popoola, has been elected as the Chairman of Central Securities Clearing System (CSCS) Plc, effective April 1, 2024, succeeding...

FBN Holdings To Seek Shareholders’ Approval To Raise N300bn Capital

April 8, (THEWILL) - First Bank Holdings Plc will seek shareholders’ approval to raise N300 billion in additional capital at the group’s Extraordinary General Meeting (EGM) scheduled to hold virtually on Tuesday, April 30, 2024. This was contained in...

World Bank Projects 3.4% Growth For African Economies In 2024

April 8, (THEWILL) - The World Bank has projected that growth in Africa’s economies will rebound in 2024, rising from a low of 2.6 per cent in 2023 to 3.4 per cent in 2024, and 3.8 per cent...

Naira Sustains Incredible Run, Strengthens To N1,155/$1 In Parallel Market

April 8, (THEWILL) - The naira, on Monday, continued its impressive comeback against the United States dollar and other major currencies, with dealers exchanging the Nigerian currency at N1,155 buy rate and N1,185 selling rate to $1, respectively,...

Leave Ganduje Alone – Ex-Commissioner Tells Gov. Yusuf

April 8, (THEWILL) - A former Commissioner for Rural and Community Development in Kano State, Dr. Musa Iliyasu Kwankwaso, has urged Governor Abba Yusuf to leave the APC National Chairman, Dr. Abdullahi Ganduje, alone, saying investigating him would expose...

Access Bank Unveils Ground-Breaking Digital Platform to Boost Convenience, Security

April 7, (THEWILL)- Access Bank Plc, a leading institution in the Nigerian financial sector, has unveiled its innovative offline banking platform, www.901.ng to provide customers an additional digital channel to manage and carry out uninterrupted daily transactions. With this innovative...

Q1 2024: Equities Market Rewards Investors With N18.2tr Gain on ASI 39.83% Growth

April 7, (THEWILL)- Nigeria’s equities market closed the first quarter of the year March 28, 2024 on a resounding note of significant growth as investors counted huge gains. Data by the Nigerian Exchange (NGX) showed that market capitalisation hit N59.12...

Electricity Tariff Hike: Consumers Pay More For Darkness as Businesses Shrink

April 7, (THEWILL)- Following the April 3, 2024 electricity tariff increase announced by the Nigerian Electricity Regulatory Commission (NERC), the Distribution Companies (DisCos) have instantly adjusted their billing template to reflect the new tariff. Consequently, electricity consumers will pay...