Business

GTCO Rated Nigeria’s Strongest, Best Banking Brand in Nigeria

June 24, (THEWILL) - Nigeria’s Tier-1 financial services institution, Guaranty Trust Holding Company Plc has added to its impressive haul of accolades as it was recently named Nigeria’s strongest brand and Best Banking Brand in Nigeria by Brand Finance...

Four Highest Indebted States Record N1.71trn in Q1 2024

June 24, (THEWILL) - Four highest indebted states recorded a total of N1.71 trillion in domestic debt in the first three months of the year (Q1 2024) according to the Debt Management Office (DMO). The states are Lagos, Delta, Rivers...

IOCs Plotting For Our Oil Refinery To Fail – Dangote

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June 24, (THEWILL) - The Vice President, Oil and Gas at Dangote Industries Limited (DIL), Devakumar Edwin, has accused International Oil Companies (IOCs) in Nigeria of doing everything to frustrate the survival of Dangote Oil Refinery and Petrochemicals. Edwin said...

Benedict Peters’ Continental Outlook Brightens on Aiteo’s N471bn HY Earnings, Bravura’s Mining Rights

June 23, (THEWILL) - The audacious launch by Aiteo Group and Bravura, two entities founded by Nigerian-born African billionaire and oilman, Benedict Peters, into Zimbabwe, Mozambique and the Congo and the impressive half year numbers of the former, Nigeria’s indigenous...

‘Fidelity Bank’s N127.10bn Capital Raise to Strengthen Market Position, Global Presence’- Onyeali-Ikpe

June 23, (THEWILL) - The Managing Director and CEO of Fidelity Bank Plc, Nneka Onyeali-Ikpe, has said that the bank’s N127.10 billion capital raising initiative is set to enhance its market position and expand its international footprint. Onyeali-Ikpe stated this at...

Critiquing The New York Times’ Economic Update on Nigeria

June 23, (THEWILL) - “Nigeria is facing its worst economic crisis in decades, with skyrocketing inflation, a national currency in free-fall and millions of people struggling to buy food. Only two years ago, Africa’s biggest economy, Nigeria was projected to...

CBN Hosts Dialogue With NESG, OPS On Strategies To Boost Nigeria’s Financial Sector

June 21, (THEWILL) - The Central Bank of Nigeria (CBN) has hosted a dialogue between the Organised Private Sector (OPS) and the Bank’s leadership to explore strategies for enhancing Nigeria’s financial sector. The meeting held at the Bank's Lagos...

GTCO Targets July For N500bn Capital Raise

June 17, (THEWILL)- The Guaranty Trust Holding Company Plc says it has concluded plans to raise about N500bn starting in July. This was disclosed in a notice of its preliminary prospectus filed with the Securities and Exchange Commission. According to the...

Devaluation: Agric Exports Surge by 270.3% to N1trn in Q1, 2024

June 17, (THEWILL)- The value of Nigeria’s exported agricultural products rose significantly in the first quarter of the year (Q1, 2024) by 270.3%  to N1.03 trillion, compared with N279.64 billion recorded in Q1 2023, on the back of over 200%...

One Year After: Whither The Nigerian Economy?

June 16, (THEWILL)- It is most auspicious at this time, exactly one year after the inauguration of the Bola Tinubu Administration (May 29, 2023), to do an appraisal of how well or otherwise the Nigerian economy has fared. This...