Business

BREAKING: Tinubu Appoints Olayemi Cardoso New CBN Governor, Usoro, Bello, Others As Deputy Governors

September 15, (THEWILL) – President Bola Tinubu has approved the nomination of Dr. Olayemi Michael Cardoso to serve as the new Governor of the Central Bank of Nigeria (CBN), for a term of five (5) years at the first...

Nigeria’s Inflation Rate Hits 25.80% In August – NBS

September 15, (THEWILL) – Nigeria’s annual inflation rate rose from 24.08% in July 2023 to 25.80% in August 2023, the National Bureau of Statistics (NBS) said in its Consumer Price Index (CPI) August 2023 report on Friday. According to the...

NGX Group Mourns Pa Akintola Williams

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September 14, (THEWILL) - Nigerian Exchange Group Plc and its subsidiaries have expressed sadness as they mourn the loss of one of its founding fathers, Pa Akintola Williams, CFR, CBE, FCA, who died on Monday at the remarkable...

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

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...