Business

Q3’23: FBNH Consolidates on Growth Trajectory as Profit, Stock Soar

November 19, (THEWILL) - FBN Holdings Plc, the parent company of First Bank of Nigeria Limited, has consolidated on the growth trajectory that it launched onto early in 2023, when it first recorded a N50 billion post-tax profit in...

Unity Bank Records N38.2 Billion Gross Earnings in Q3’23

November 15, (THEWILL) - Retail lender, Unity Bank Plc has recorded gross earnings of N38 billion for the nine-month period ended September 30, 2023, with customer deposits appreciating by 5% to N344.4 billion within the period, an indication of...

Afrinvest Advises Monetary, Fiscal Authorities To Rethink Anti-inflation Rules

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November 15, (THEWILL) - Afrinvest West Africa Limited, a capital market holding company, has advised monetary and fiscal authorities to rethink their anti-inflation strategies to holistically address the ugly narrative of surging inflation rate. Managing Director, Afrinvest...

Union Bank of Nigeria Delists From Stock Exchange

November 14, (THEWILL) - One of the oldest banks in Nigeria, Union Bank of Nigeria, has completed shareholders takeover and subsequently delisted from the stock exchange, The Nigerian Exchange Limited (NGX). THEWILL recalls that Union Bank received an offer from...

Afrinvest to Unveil 2023 Nigerian Banking Sector Report

November 14, (THEWILL) - Afrinvest West Africa Limited will be unveiling the 2023 Nigerian Banking Sector Report in Lagos on Tuesday, November 14, 2023. The report, with the theme, ‘Getting Nigeria to Work Again!’ will be unveiled by...

Wabote Warns Against Importation of Crude for Nigeria’s Refineries

November 14, (THEWILL) - The Executive Secretary Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote has warned that Nigeria might resort to importing crude oil for its upcoming and existing refineries if concerted efforts are...

NNPC Foundation Trains Youth Corps Members on Financial Literacy

November 12, (THEWILL) - In its bid to build the capacity of youth towards making them employers of labour, the NNPC Foundation, in partnership with Kudimata Nigeria Limited, a financial education outfit, have trained the Batch C members of...

Stakeholders Laud NNPC/Aiteo JV Nembe Crude Oil Grade Launch

November 12, (THEWILL) - Stakeholders and industry experts have commended the recent NNPC/Aiteo Joint Venture Nembe Crude Oil Grade describing it as a huge milestone in Nigeria’s oil and gas sector. Engr. Okwudili Akobundu who runs a private oil and...

NLNG Not Responsible For Hike In LPG Price – Official

November 12, (THEWILL) - The Nigeria Liquefied Natural Gas Limited (NLNG), says the company has not increased the price of Liquefied Petroleum Gas (LPG). Andy Odeh, general manager, External Relations and Sustainable Development, NLNG, dismissed the alleged report of the...

Supplementary Budget: FG Seeks N1.7trn Ways and Means Loan From CBN

November 12, (THEWILL) - In a curious twist of events, the Federal Government has asked the Central Bank of Nigeria (CBN) for a loan of around N1.7 trillion to help it fund the 2023 supplementary budget, two sources familiar...