Business

UBA Commits to Global Reporting Standards, Releases 2022 Annual Sustainability Report

August 14, (THEWILL) - Africa’s Global Bank, United Bank for Africa (UBA) Plc, has released its 2022 Annual Sustainability Report. The comprehensive report provides an overview of the bank’s commitment to Environmental, Social and Governance (ESG) performance and...

Inflation: Impacting Health, Cost-of-Living And Businesses

The current economic situation of many Nigerians, be they unemployed, employed or small business operators is, to say the least, perplexing and confusing. Inflation continues to worsen the cost of living of the populace eroding the purchasing power of...

Otedola Raises Stake in FBNH With 0.3% Worth N2bn

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Amid lingering battle for the soul of FBN Holdings Plc, billionaire businessman and chairman of Geregu Power Plant, Femi Otedola, has acquired 110 million units of the bank’s shares worth N2 billion in a fresh deal that intensifies the...

NGX All-Share Index Climbes 0.20% as Market Cap Hits N35.57trn

The NGX All-Share Index and Market Capitalization Appreciated by 0.20%, and 0.26% to close the week at 65,325.37 and N35.572 trillion respectively. A total turnover of 1.741 billion shares worth N25.087 billion in 30,652 deals was traded last week by...

Stakeholders Hail Tinubu’s 18% Tax to GDP Target to Moderate Govt Borrowing

Some stakeholders have commended President Bola Tinubu for the recently inaugurated Presidential Committee on Fiscal Policy and Tax Reforms, chaired by Mr Taiwo Oyedele.They made the commendation in separate interviews with the News Agency of Nigeria (NAN) 0n Friday...

CBN Reports N65.6bn Profit in 2016-2022 Financial Statement

The Central Bank of Nigeria (CBN) has released its audited financial statements for 2016-2022. The result showed that the apex financial services regulator recorded a profit of N65.63 billion in 2022 — more than double the figure it reported...

NUPRC Harps on Energy Transition, Tasks Oil Operators

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said the global momentum and impact of the energy transition have made it mandatory for players in the oil and gas sector bring in innovative measures to mitigate the effect of energy...

UBA Partners Health-based Organisations to Enhance Customer Experience, Drive Healthy Lifestyle

Africa’s global bank, United Bank for Africa (UBA) Plc, has entered into exciting partnerships with three health-based organisations aimed at creating robust synergy to enhance customer experience. UBA’s partnership with MedPlus Pharmacy Nigeria, I-Fitness Gym Nigeria, and Oriki Spa and...

More Companies Should Integrate ESG Into Their Business Strategy – Awe

The Chief Executive Officer, NGX Regulation Limited (NGX RegCo), Ms Tinuade Awe, has urged companies to incorporate Environmental, Social, and Governance (ESG) considerations into their overarching business strategies, emphasizing the importance of listed companies aligning their ESG reporting with...

Naira Inches Towards N1000/$1, 2 Months After Emefiele’s Suspension

The naira plunged deeper to N948/$1 at the parallel market on Friday, August 11, 2023 – two months after Mr Godwin Emefiele was suspended from office as Governor of the Central Bank of Nigeria by President Bola Tinubu on...