Business

Nigeria’s Trade Surplus Grows By 6.6% To N6.95trn In Q2 2024

September 11, (THEWILL) – Nigeria recorded a trade surplus of N6.95 trillion in the second quarter of 2024, representing a 6.60% increase from the previous quarter which had a surplus of N6.52 trillion. However, Nigeria’s total merchandise trade in Q2...

Nigeria Raises Over $900m In Domestic Dollar Bond

September 11, (THEWILL) – Nigeria has raised over $900 million from its first-ever Domestic Federal Government of Nigeria (FGN) US Dollar Bond issuance. The bond is the first under the Domestic FGN US Dollar Bond Programme, established according to...

Zenith Bank Extends Rights Issue, Public Offer To Sept 23

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September 11, (THEWILL) – Zenith Bank Plc has extended the deadline for its ongoing Rights Issue and Public Offer by two weeks, in order to accommodate some exigencies that occurred during the period. The new deadline is...

Elumelu Harps On Priorities For Nigeria’s Economic Growth

September 11, (THEWILL) – The Chairman of UBA Group and Heirs Holdings, Mr. Tony Elumelu, has urged the Nigerian government to prioritise access to electricity, adequate security and youth entrepreneurship to achieve accelerated economic growth and build a...

NYSC Urges Corps Members To Apply For Tony Elumelu Foundation’s Entrepreneurship Grant

September 10, (THEWILL) – The National Youth Service Corps (NYSC) has urged corps members to seize the opportunity offered by the Tony Elumelu Foundation Entrepreneurship Grant. Interested participants are urged to register at https://www.tefconnect.net, a platform dedicated to...

Unity Bank Projects N27bn In Q4 Earnings, Targets N4bn Profit

September 09, (THEWILL) – Unity Bank Plc has projected gross earnings of N27 billion and a Profit After Tax of N4 billion in Q4, 2024, in its latest earnings forecast released to the Nigerian Exchange Group. Although the projected gross...

Edun, Atiku Disagree Over Plan on VAT Increase

September 09, (THEWILL) – Wale Edun, Minister of Finance and Coordinating Minister for the Economy and former Vice President, Atiku Abubakar have disagreed over alleged plans by the Federal Government to increase the rate of Value-Added Tax, VAT, from...

FCMB Plc Spends N1.17bn on Directors in Six Months

September 09, (THEWILL) – First City Monument Bank (FCMB) Plc spent N1.17 billion on its directors in the first six months of the year (HY2024) according to its interim financial statement filed with the Nigerian Exchange (NGX). This figure...

Fighting Illegal Refineries And Fresh Hope on Dangote Refinery

September 08, (THEWILL) – For quite some time now, no week passes without an arm of the armed forces and some agencies of the Federal Government announcing the number of illegal refineries that they have destroyed in the Niger...

SEC Eases Process For Companies to List on Nigerian Stock Market

September 08, (THEWILL) – The Securities and Exchange Commission (SEC) has announced the implementation of new measures aimed at simplifying the process for companies to list their shares on the Nigerian Exchange. This initiative is part of broader efforts to...