Business

April 23, (THEWILL) - The Central Bank of Nigeria (CBN) has announced the sale of $10,000 to Bureau De Change (BDC) operators at the rate of N1,021/$1. A letter signed on Monday, April 22, by Dr. Hassan Mahmud,...

April 22, (THEWILL)- The Nigerian government and its agencies amassed over N134.78 million as taxes on the fully booked maiden London flight of Air Peace Airline on Saturday, March 30, 2024  -- investigation has shown. The amount which comprises ‘Taxes’...

April 21, (THEWILL)- Nine full months into the tenure of President Bola Tinubu, it is becoming increasingly clear that rather than improving, the national economy has been getting farther into the woods; with practically all economic indices running in...

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...