Business

ASEA, ECA Sign Landmark MOU On Africa’s Financial Market Development, Integration

July 20, (THEWILL) - The African Securities Exchange Association (ASEA) and the United Nations Economic Commission for Africa (ECA) proudly announce the signing of a landmark Memorandum of Understanding (MOU) which aims at fostering closer collaboration and driving...

Ecobank Nigeria To Appeal N72bn Court Judgement

July 20, (THEWILL) - Ecobank Nigeria Limited says it will appeal a judgement by the Federal High Court in Lagos, presided over by Hon. Justice Liman, which delivered a judgment in favour of Honeywell Flour against the bank...

Oyedele Quits PwC For Tinubu Job

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July 19, (THEWILL) - Taiwo Oyedele, a fiscal policy partner and Africa tax leader at PriceWaterhouseCoopers (PwC), has resigned from his position after over two decades in the organisation. This is coming in less than two weeks after he was...

Afrinvest Guides Investors On Opportunities in Post-Reform Economy

July 19, (THEWILL) - Afrinvest West Africa Limited has provided intelligent guidance to domestic investors on opportunities available in this period of massive reforms across key sectors of the economy. At the company's mid-year investment parley held on Tuesday...

Equity Investors Lose N5bn As Naira Plunges 6.9% to N793.70/$

July 19, (THEWILL) - Today, the domestic bourse slipped on Wednesday as the benchmark index closed 0.01% weaker to settle at 63,757.23 points. Market capitalisation lost 5 billion to close at N34.71 trillion against N34.72 on the previous trading. ...

Coronation Insurance: Court Orders Shareholders Meeting On Planned Delisting From NGX

July 19, (THEWILL) - The Federal High Court holden at Lagos has ordered a shareholders’ meeting for Coronation Insurance Plc as they consider delisting from NGX. This was contained in the company’s notice to the Nigerian Exchange Limited (NGX). Excerpts from...

Foreign Transfer Remittances: Access Bank Warns Customers Against Unregistered Payment Services

July 19, (THEWILL) - Nigeria’s largest deposit money bank by assets, Access Bank, has said it will not receive remittances made through unregistered payment services. In a note to its customers Wednesday, the Tier-I bank noted that while it would...

Otedola’s Honeywell: Lagos Court Slams Ecobank With ₦‎72.2bn Damages

July 19, (THEWILL) - The Federal High Court in Lagos on Tuesday, July 8, 2023 slammed a N72 billion damages against Ecobank Nigeria in a matter that has been at the centre of business discussions in recent times. THEWILL recalls...

Naira Depreciation: Lagos Residents Bemoan 30% Petrol Price Hike

July 18, (THEWILL) - Lagos residents are bemoaning the second increase in petrol pump price unveiled Tuesday by the Nigerian National Petroleum Company Limited (NNPC Ltd), which caught them unawares. The NNPC retail outlets on Tuesday increased pump price of...

Equities Market Rebounds With N204bn Gain Amid Slight Appreciation in Naira to N795.28/$

July 17, (THEWILL) - The local bourse opened the week Monday, rebounding by 0.60% to settle at 62,943.35 points, against 62.569.73 points on Friday. Market capitalisation rose by N204 billion to close at N34.27 trillion from N34.06 trillion in...