Business

Dangote Petroleum Refinery Starts Production

January 14, (THEWILL) - Dangote Petroleum Refinery has commenced production of diesel and aviation fuel. According to a statement by the group spokesman, Tony Chiejina, on Friday, January 12, 2023, President of Dangote Group, Alhaji Aliko Dangote, elatedly...

Drama: FG Transfers 40% Shares In DisCos From BPE To MOFI

January 14, (THEWILL) - In a strange twist of events, the Federal Government has transferred its shares in the 11 electricity distribution companies (DisCos) from the Bureau of Public Enterprise (BPE) to the Ministry of Finance Incorporated (MOFI). This is...

Afreximbank, UBA Announce Initial Disbursement of US$2.25bn Under Crude Oil Prepayment Facility

January 14, (THEWILL) - African Export-Import Bank (Afreximbank) has successfully arranged a syndicated US$3.3 billion crude oil prepayment facility sponsored by the Nigerian National Petroleum Company Limited (NNPCL). An initial disbursement of US$2.25 million has been made. A...

Mixed Reactions Trail Dissolution Of Union, Polaris, Keystone Banks’ Boards

January 14, (THEWILL) - The recent dissolution of boards and management teams of three deposit money banks by the Central Bank of Nigeria (CBN) has sparked mixed reactions among stakeholders and industry experts. The CBN had announced the dissolution of...

UPDATED: Dangote Refinery Begins Production

January 12, (THEWILL) - Dangote Petroleum Refinery in Lagos has commenced the Production of diesel and aviation fuel. Earlier, the company, which received its fifth shipment of crude cargo on Thursday, January 4, 2024, in a statement, said production would...

CBN Appoints New Executives For Union, Keystone, Polaris Banks

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January 11, (THEWILL) - The Central Bank of Nigeria (CBN) has announced new executives for Union Bank Limited, Keystone Bank Limited and Polaris Bank Limited. The CBN, on Wednesday, January 10, 2024, revealed that the appointments followed...

Why We Dissolved Boards Of Union, Keystone And Polaris Banks – CBN

January 11, (THEWILL) - The Central Bank of Nigeria (CBN) has said it dissolved the boards and managements of Union Bank Limited, Keystone Bank Limited and Polaris Bank Limited for infractions against statutory rules which poses a threat...

DMO Announces First FGN Savings Bond Offers In 2024

January 09, (THEWILL) - The Debt Management Office (DMO) has unveiled the initial bond offering for 2024. The offer comprises two Federal Government of Nigeria (FGN) savings bonds available for subscription according to a statement by the Agency on Monday....

Access Bank Completes Acquisition Of Atlas Mara

January 09, (THEWILL) - Access Bank Zambia Limited has announced the completion of its acquisition of Atlas Mara Zambia after obtaining all requisite regulatory approvals. It is the second bank to be acquired by Access Bank in Zambia, after Cavmont...

UBA Market Cap Hits N1.022tn Emerges Best Performing Banking Stock In 2023

January 08, (THEWILL) - Africa’s Global Bank, United Bank for Africa (UBA) Plc, on Monday joined the elite group of companies with market capitalisation of over N1tn just as its share price value hits N29.90 per share. At the...