Business

Agip-Oando Acquisition Deal Suffers Setback As NNPCL Moves to Invalidate Transaction

September 6, (THEWILL) – The recent agreement by Oando Plc with Eni to acquire 100 percent stake in its (Eni’s) subsidiary – Nigerian Agip Oil Company (NAOC) Limited – may have suffered a setback as the Nigerian National Petroleum...

PZ Cussons Nigeria Plc To Delist From Nigerian Exchange

September 05, (THEWILL) - PZ Cussons Nigeria Plc (PZCN) has announced that its core shareholder, PZ Cussons (Holdings) Limited, intends to acquire the shares held by all other shareholders of the company at an offer price of ₦21...

CBN To Clear FX Backlog In Two Weeks – Shonubi

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September 05, (THEWILL) - The Acting Governor, Central Bank of Nigeria (CBN) has said that the bank is making plans to clear the foreign exchange (FX) backlogs in the next one or two weeks. Shonubi, who disclosed this at...

Heirs Insurance Group Posts N20bn Revenue for FY2022 – Cements position as Nigeria’s fastest-growing insurance group

September 05, (THEWILL) - Heirs Insurance Group, comprising Heirs General Insurance (HGI) and Heirs Life Assurance (HLA), announced a record-high 226% jump in Gross Written Premium (GWP), from N6.1bn in 2021 to N19.9bn for the financial year ended...

Fidelity Bank Announces Interim Dividend Payment Date

September 05, (THEWILL) - Fidelity Bank Plc has said it will pay an interim dividend of twenty-five kobo per share to its shareholders on September 22, 2023, and that the dividends will be subject to the appropriate withholding tax. ...

New NASENI Boss Assumes Office, Vows To Drive Socio-Economic Priorities With STI Innovation

September 4, (THEWILL) – The newly appointed Executive Vice Chairman/Chief Executive Officer (EVC/CEO), National Agency for Science and Engineering Infrastructure (NASENI), Mr. Khalil Suleiman Halilu said he would ensure that President Tinubu’s Renewed Hope Agenda is achieved through...

World’s Largest Crypto Casino Stake Hacked For $41.3m

September 4, (THEWILL) – Stake.com, the world’s largest cryptocurrency casino and sports betting platform, has reportedly fallen victim to a cyber-attack, resulting in a big loss of $41.3 million. First flagged by analyst Cyvers, the incident involves a reported...

NGX ASI Surpasses 68,000 Mark with 33% Year-to-Date Return

September 4, (THEWILL) – In a remarkable turn of events, the Nigerian Exchange Limited (NGX) achieved a significant milestone as its All-Share Index (ASI) surged to an unprecedented level of 68,279.14, marking a 1.11% increase. This achievement surpasses the...

AfDB Plans to launch $1bn Climate Initiative for African Youths

September 4, (THEWILL) – The President, African Development Bank (AfDB), Akinwunmi Adesina, has revealed plans for a $1 billion climate adaptation initiative aimed at African youths. The project is in collaboration with the Global Centre on Adaptation. This announcement...

CBN Releases Guidelines For Signing Up Digital Literacy Platform – SabiMONI

September 4, (THEWILL) – The Central Bank of Nigeria on Monday released a step-by-step guide to signing up for the SabiMONI financial literacy e-learning platform on its verified X (formerly Twitter) account. This is coming after...