Business

July 17, (THEWILL) - Nigeria’s inflation rate soared from 22.41% in May 2023, to 22.79% in June 2023, the National Bureau of Statistics (NBS), said on Monday, in its “CPI and Inflation Report" for June 2023. According to the...

One of the tools that stockbrokers deploy to ascertain the financial health of a company before executing client's purchase or sale order is investment ratio. There are many investment ratios, depending on the objective of the user. This is a...

The Development Bank of Nigeria (DBN) in continuation of its capacity development training programmes for Micro, Small and Medium Enterprises (MSMEs) in Nigeria, has organised a one-day training for over 1,000 small businesses across six states in the North-East...

One month after the Nigerian government liberalised the exchange rate on June 14, 2023, the Investors’ and Exporters’ FX (I and E) window recorded over $2.5 billion within one month of 21 trading days. This represents about 58...

Investment inflow to the Nigerian economy in the first quarter of this year (Q1 2023) eluded three mainstream deposit money banks (DMBs). According to the National Bureau of Statistics (NBS), no capital was channeled through these DMBs during the...

The Corporate Affairs Commission (CAC) has said it will commence the striking off of companies that fail to comply with the Beneficial Ownership Register (BOR) implementation soon. The CAC Registrar-General, Alhaji Garba Abubakar, disclosed this to newsmen on Wednesday in...

July 15, (THEWILL) - The Competition and Consumer Protection Tribunal (CCPT) sitting in Abuja, has imposed a N120 million fine on Stanbic IBTC Bank to be paid into the tribunal’s account over a failed transaction. The three-member panel, in...

July 14, (THEWILL) - The Central Bank of Nigeria has revised the tenure of executive directors (ED). Deputy managing directors (DMD), and managing directors (MDs) of Banks and Bank Holding companies. This confirms the policy shift reported by THEWILL on...

July 14, (THEWILL) - Standard Chartered Bank and Access Bank Plc (Access), have entered into agreements for the sale of Standard Chartered’s shareholding in its subsidiaries in sub-Saharan Africa. The shareholding includes those in Angola, Cameroon, The Gambia, and Sierra...

July 14, (THEWILL) - Access Bank Plc has completed the acquisition of majority shareholding in Angolan bank, Finibanco Angola S.A. The bank’s holding company, Access Holdings Plc, made this known to the Nigerian Exchange in a statement signed on...