Business

UBA Unveils Upgraded PoS Terminal, Revamped MONI App To Accelerate Digital Payments, Empower Businesses Across Africa

April 13, (THEWILL) – Africa’s Global Bank, United Bank for Africa (UBA) Plc, has unveiled its vastly improved Point of Sale (POS) Terminal as well as the UBA MONI App to redefine the digital payment landscape and empower...

Emergency Rule: Rivers Growth Prospect Dims Amid N683bn Debt

April 13, (THEWILL) – The prospect of oil-rich Rivers State recovering from the calamitous impact of emergency rule   remains uncertain, with its debt hitting N683 billion as of December 31, 2024. THEWILL reports that industry experts have expressed concern over...

Again, Dangote Refinery Reduces Petrol Price To N865 Per Litre

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April 10, (THEWILL) – The Dangote Petroleum Refinery has reduced the price of petrol to N865 per litre, marking a N15 drop from the previous rate of N880. The new price was communicated to marketers and customers through a notice...

Transcorp Posts N136bn In Pre-Tax Profits As Revenue Soars By 107%

April 10, (THEWILL) – Transnational Corporation Plc (Transcorp) has reported a strong 2024 financial performance, with revenue surging by 107 percent to N407.9 billion from 196.9 billion in 2023 and profit before tax increasing by 132.41 percent to...

Naira-For-Crude: Continuous Policy Designed To Support Local Refining – FG

April 09, (THEWILL) – The Federal Government has said the naira-for-crude initiative with local refineries is not a temporary measure but a “key policy directive designed to support sustainable local refining”. Introduced on October 1 2024, the deal allowed local...

Nigeria Records $6.83bn Balance Of Payments Surplus In 2024 As Net Financial Assets Hit $12.12bn – CBN

April 09, (THEWILL) – The Central Bank of Nigeria (CBN) has announced a Balance of Payments (BOP) surplus of $6.83 billion for the 2024 financial year, marking a decisive turnaround from deficits of $3.34 billion in 2023 and $3.32...

Trade War: China Hits American Goods With 84% Tariffs In Response To Trump’s 104%

April 09, (THEWILL) – China has announced additional tariffs of 84% on US goods after President Donald Trump's 104% tariffs on Beijing came into effect at midnight on Wednesday. THEWILL reported on Tuesday a White House statement intensifying the ongoing...

Agric Productivity Improving As We Tackle Insecurity – FG

April 09, (THEWILL) – The Federal Government says agricultural productivity is improving as a result of the successes being recorded in the fight against banditry, kidnapping and other forms of insecurity in the northern parts of the country. Such areas...

Fair Trade: US Defends 14% Tariff On Nigerian Exports

April 08, (THEWILL) – The United States has defended President Donald Trump’s decision to impose a 14% tariff on Nigerian exports, citing trade barriers created by Nigeria’s restrictions on 25 categories of American goods. US President, Donald Trump, last Wednesday,...

UPDATED: Pascal Dozie, Founder of Defunct Diamond Bank, Ex-Chairman of MTN Nigeria, Dies

April 08, (THEWILL) – Pascal Gabriel Dozie, founder of the defunct Diamond Bank Plc and a former chairman of MTN Nigeria, has died at the age of 85 from an undisclosed ailment, a source close to the family...