Business

OPEC Counters IEA, Warns Of Global Energy Crisis If Investments In New Oil & Gas Projects Stop

September 14, (THEWILL) – Oil Cartel group, Organization of the Petroleum Exporting Countries (OPEC), has faulted the claim by the International Energy Agency (IEA) that demand for fossil fuels like coal, oil and gas will peak before the end...

Fidelity Bank Fully Acquires Union Bank UK

September 13, (THEWILL) – Fidelity Bank Plc has announced the completion of the acquisition of a 100 per cent stake in Union Bank Plc UK. This was disclosed in a statement the bank sent to Nigeria Exchange Limited (NGX)...

NUPRC Announces Successful Bidders for Gas Flare Commercialisation Programme

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September 13, (THEWILL) – The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced the outcome of the bidding exercise for the Nigerian gas flare commercialisation programme. in line with the. In a statement signed by its management on Tuesday,...

NCDMB, PTI to Collaborate on Capacity Development Mandates

September 13, (THEWILL) - Wabote named Fellow, Petroleum Training Institute The Nigerian Content Development and Monitoring Board (NCDMB) and Petroleum Training Institute (PTI), Effurun, Delta State, are set to formalise processes for closer collaboration to actualise...

HY 2023: UBA Records Phenomenal 3-Digit Growth in Topline, Bottomline, Key Metrics With N404bn PBT

September 12, (THEWILL) – Africa’s Global Bank, United Bank for Africa (UBA) Plc, delivered an outstanding performance for the half year ended June 30, 2023, as announced in its audited financial report. The results released to the Nigerian...

Shocker: CBN Restrains Banks from Reaping Bountiful Harvests of Forex Revaluation Windfall

September 12, (THEWILL) - The Central Bank of Nigeria (CBN) has moved to stop the deposit money banks from spending the massive gains from the recent forex revaluation which has exceedingly bolstered the treasury and balance sheets of the...

FTSE Russell Downgrades Nigeria to Unclassified Market Status

September 11, (THEWILL) – The Financial Times Stock Exchange (FTSE), also known as FTSE Russell Group, has announced the downgrading and reclassification of Nigeria’s Exchange from Frontline to Unclassified Market with effect from Monday September 18, 2023. In an...

Zenith Bank Grows Half-Year Post-Tax Profit By 161.8% to N291.73bn

September 11, (THEWILL) – Zenith Bank Plc has reported a 161.8 percent growth in its 2023 half-year profit after tax to N291.73 billion from N111.41 billion in the corresponding period of 2022. The Tier-1 bank also posted a significant...

Shonubi, Danbata, Bello, Others to Grace 2023 FICAN Conference

September 10, (THEWILL) - The Acting Governor, Central Bank of Nigeria, (CBN), Mr. Folashodun Shonubi; Executive Vice Chairman, Nigerian Communications Commission (NCC), Prof. Umar Danbata, and the Managing Director/CEO, Nigeria Deposit Insurance Corporation (NDIC), Mr Bello Hassan, are among...

Transcorp Tops Leading Stocks in Turnover, Volume As ASI Climbs By 3.00%

September 10, (THEWILL) - Trading in the top three equities namely Transnational Corporation Plc, Sterling Financial Holdings Company Plc and Fidelity Bank Plc (measured by volume) accounted for 1.065 billion shares worth N6.525 billion in 6,801 deals, contributing 37.17%...