Business

Equities Market Gains N739bn in First November Trading

November 01, (THEWILL) - Nigeria’s equities market opened November trading Wednesday on a record bullish note. Investors’ scramble for Airtel Africa drove the market capitalisation to an all-time high of N38.77 trillion against N38.03 trillion on the previous day’s...

Zenith Bank Announces Stellar Q3 2023 Performance – Records Triple-Digit Growth in Topline and Bottom Line

November 1, (THEWILL) – Zenith Bank Plc has announced its unaudited results for the third quarter ended 30 September 2023, recording a remarkable triple-digit growth of 114% from N620.6 billion reported in Q3 2022 to N1.33 trillion in Q3...

UPDATED: FG May Crackdown On Black-Market Currency Traders – Oyedele

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October 31 (THEWILL) - Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Mr. Taiwo Oyedele, has said that the government may crack down on illicit currency traders, commonly called back-market money dealers. He also gave the...

Receding Agric Sector Mirrors Trouble For Consumer Goods Firms

November 10, (THEWILL) - Nigeria’s agricultural sector has been on a continued decline in the past seven years – since 2017. This is not good news for the consumer goods firms who depend on the sector for local sourcing...

Q3 2023: UBA Records 115% growth in Gross Earnings, as PBT Grew by 263% to N502.1bn.

October 30, (THEWILL) - Consolidating on its recently released second-quarter performance, Africa’s Global Bank, United Bank for Africa (UBA) Plc, has again announced a splendid performance in its unaudited financial results for the third quarter ended September 30, 2023,...

Conflict In Middle East Could Bring ‘Dual Shock’ To Global Commodity Markets, Says World Bank

October 30, (THEWILL) - Although the global economy is in a much better position than it was in the 1970s to cope with a major oil-price shock, an escalation of the latest conflict in the Middle East—which comes on...

Shocker: Naira In Worst Fate, Tumbles To N993.82/$ On Official Window

October 30, (THEWILL) - In an unprecedented twist of events, the Nigerian naira suffered a significant plunge in the financial market on Monday, October 30, 2023, the lowest since the currency float policy was introduced mid-June, 2023. The currency,...

Changan: Mikano Motors Reassures Geely Customers of Continued Support

October 29, (THEWILL) - Mikano Motors has reassured its Geely customers of continued state-of-the-art after-sales support despite the review its relationship with Geely is currently undergoing following the addition of the Changan brand to its growing products line-up. Managing Director...

Multi-Billion Dollar Refineries Repairs: Senate’s Probe Sparks Mockery Of Lawmakers

October 29, (THEWILL) - The decision by the Senate to investigate the humongous expenditures on fixing Nigeria’s dormant refineries, has added weight to concerns about the lawmakers’ indulgence in theatrical probes. The Senate on October 24 constituted an ad-hoc committee...

Onyema Recognised For West African Capital Market Impact

October 29, (THEWILL) - Oscar N. Onyema, OON, has been recognised by the West African Securities Regulators Association (WASRA) for his contribution and support in shaping the integration of capital markets in the region and for being the first...