Business

FMDQ Posts N59.7tr Turnover In Three Months As CPs Hit N412bn

October 03, (THEWILL) - FMDQ Securities Exchange secondary market turnover hits N59.3 trillion between June and August. The figure is higher than N53 trillion achieved in the corresponding period in 2022. Secondary market turnover on FMDQ Exchange in August 2023 stood...

20 Banks In-Liquidation: NDIC Commences Payment of N16.18bn Dividends To Depositors, Others By Sam Diala

October 03, (THEWILL) - Following impressive recoveries from debtors and realisation of assets of banks in liquidation, the Nigeria Deposit Insurance Corporation (NDIC) has announced the declaration of N16.18 billion liquidation dividends to depositors, creditors and shareholders of 20...

British International Investment Partners Access Bank On US$60m Trade Finance Facility Across Africa

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October 03, (THEWILL) - British International Investment (BII), the UK’s Development Finance Institution (DFI) and impact investor, has announced a $60 million trade finance facility for Access Bank Plc in Nigeria and five of its pan-African subsidiaries. The parties, in...

Neymar On Target As Al Hilal Ease Past Nassaji In AFC Champions League

October 03, (THEWILL) - Brazilian superstar, Neymar, was on target for the first time in Al Hilal colours, as the Saudi club claimed a comfortable 3-0 away win over Iran's Nassaji Mazandaran in the AFC Champions League on Tuesday....

Investment Firm Gets Nod To List Shares On Nigerian Exchange

October 03, (THEWILL) - VFD Group, an investment firm, will list its shares on the Nigerian Exchange (NGX) in the days ahead after receiving the go-ahead to do so. The investment firm disclosed this in a statement on Tuesday. About four...

NCDMB Commends Abia Gov On Industrial Park

October 03, (THEWILL) - Highlights Critical Requirements for Low-cost Manufacturing. The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote, has commended Abia State Governor Dr. Alex Otti for the decision of his Administration...

Foreign Exchange Inflow Rises To $10.7bn in Two Months — CBN

October 02, (THEWILL) - The Central Bank of Nigeria (CBN) has revealed that the economy recorded $10.7 billion aggregate foreign exchange inflow in April and May 2023 The CBN, which disclosed this in its May economic report on foreign...

CBN’s Caveat On Banks’ Profits: What Implications?

October 01, (THEWILL) - A seemingly innocuous memo from the Central Bank of Nigeria (CBN) to all banks, regarding their audited financial results in the first-half, 2023, has turned controversial. The memo has in fact become a cause for...

Fidelity Bank Records YTD 90% Gain On NGX

Fidelity Bank gained 90.8 percent on price valuation year-to-date as it closed its last trading day on Friday, September 29, 2023 at N8.30 per share on the Nigerian Exchange (NGX). The price represents a 1.2% gain over its previous closing...

Dangote Discloses Tax Returns To Nigerian Govt

October 01, (THEWILL) - Dangote Group, a Nigerian multinational industrial conglomerate, announced Thursday that its subsidiaries have paid N474 billion in tax to the federal government in three years. A representative of the Dangote Group, Hashem Ahmed, disclosed this at...