Business

Agric Goods: Nigeria Imports N711.14bn, Exports N463.9bn in Q4 ’23

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...

How Zenith Bank Plc Built N20.36trn Balance Sheet in 2023 – Set For Holding Structure

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...

Zenith Bank To Pay N109bn Dividend As Post-Tax Profit Soars 194.2% To N676.91bn

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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...

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

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...