Business

FirstBank UK Adopts Bloomberg TOMS to Optimize Fixed Income Workflow

December 05, (THEWILL) - Bloomberg has announced, Tuesday, that FirstBank UK Limited (FirstBank UK), the UK subsidiary of First Bank Nigeria Limited and the premier West African bank, has adopted Bloomberg’s Trade Order Management System (TOMS). By integrating...

Naira Slide Deepens Despite Cardoso’s Forex Reform Pledge

December 04, (THEWILL) - The Naira has maintained the plunge it recorded on Monday November 27, the first working day after the Governor, Central Bank of Nigeria (CBN), Dr Olayemi Cordoso, announced the planned reform of the...

UBA Wins Bank of the Year Africa 2023, Come Top in 8 Continental Subsidiaries

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December 04, (THEWILL) - Africa’s Global bank, United Bank for Africa (UBA) Plc, has again demonstrated its prowess on the international stage as it clinched nine prestigious awards at The Bankers Awards 2023, organized by The Banker Magazine -...

Financial System Stability: NDIC Boss Urges Collaboration Among Relevant Stakeholders

December 03, (THEWILL) - The Managing Director / Chief Executive of Nigeria Deposit Insurance Corporation (NDIC) Mr. Bello Hassan has called all relevant stakeholders in the Nigerian financial system to collaborate so as to strengthen banks through prudential thresholds...

Christmas Season: Fidelity Bank Set to Host 2-Day Family Entertainment

December 03, (THEWILL) - In the spirit of the Yuletide, leading financial institution, Fidelity Bank Plc, has announced plans to host the maiden edition of the Fidelity Family Weekend. Scheduled for Saturday December 16th and Sunday December 17th, 2023 at...

Ecobank Group Delivers Strong Performance in H1 2022, Grows Profit Before Tax by 24%

December 03, (THEWILL) - Ecobank Group reports strong performance during the first half of 2022, with unaudited Profit before Tax (PBT) increasing by 24% to US$261 million. The Group also announced a record return on tangible equity of 19.5%...

Nigeria’s 2024 Budget: Another Grope In The Dark?

December 03, (THEWILL) - Over the years, every Nigeria's annual budget has been titled to give the impression that its implementation will lead the country to an Economic Eldorado. ‘Budget of Hope and Economic Transformation’; ‘Budget of Inclusion and...

Zenith Bank’s Multiple MOUs Signpost Quest For Industry Fintech Leadership

December 03, (THEWILL) - Zenith Bank Plc has executed different Memoranda of Understanding in recent times which indicate its unchallenged industry leadership grip as Nigeria’s largest financial services institution by market capitalization (N1,1 trillion). Analysts predict that this will put...

Manufacturers Lament Over Forex Policy Reversal On 43 Import Items

December 03, (THEWILL) - Manufacturing companies are expressing concerns over the impact of the policy reversal on the 43 items earlier banned for foreign exchange. Ihe Central Bank of Nigeria (CBN) had on October 15, 2023 announced the readmission of...

Intervention Funds: CBN’s Policy Shift Paves Way For BOI, DBN To Bolster Entrepreneurship Support

December 03, (THEWILL) - The policy shift by the Central Bank of Nigeria (CBN) on its development finance activities will pave the way for the Bank of Industry (BOI) and the Development Bank of Nigeria (DBN) to expand their...