Business

Ex-Militant Leaders Dare Tompolo, Threaten Showdown, Ask FG To Split Contracts.

September 4, (THEWILL) – Disgruntled ex-militant leaders from the Niger Delta region have unanimously declared their readiness to confront former leader, High Chief Government Ekpemupolo, also known as Tompolo, over his alleged monopoly of the alleged multi-million-dollar surveillance contract...

Eni Signs Agreement To Sell Nigerian Subsidiary NAOC Ltd To Oando Plc

September 04, (THEWILL) - Eni – Nigeria’s leading indigenous energy solutions provider listed on both the Nigerian and Johannesburg Stock Exchange - has announced the signing of an agreement with Oando Plc for the sale of Nigerian Agip...

Ban On SIM Card Imports Creates N55bn Business Boom For Local Manufacturers – Danbatta

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September 03, (THEWILL) - The ban on imports of Subscriber Identity Module (SIM) cards has created businesses in excess of N55 billion for local manufacturers, Executive Vice Chairman, Nigerian Communications Commission, NCC, Professor Umar Garba Danbatta has said. Danbatta, who...

I&E Window Turnover Rose by 1.8% to $1.86bn in August

September 03, (THEWILL) - Nigeria’s volatile currency market turnover climbed to $1.88 billion in August from $1.71 billion in the previous month, reflecting a 1.8 percent increase in 23 trading days. However, the market turnover for August 18, was not...

Transcorp Tops Investors’ Toast as Equities Market Record 15-Year High

September 03, (THEWILL) - The local bourse opened the month’s trading with market capitalisation surging to N36,95 trillion (against N36,42 trillion on August 31) – the highest since March 5, 2008. The NGX All-Share index climbed to 67,527.19 points...

GTCO’s Pre-tax Profit Jumps 217.1% to N327.4bn In HY 2023

September 03, (THEWILL) - Nigeria’s biggest lender by market value, Guaranty Trust Holding Company (GTCO) reported profit before tax of N327.4 billion in 2023 half year, representing an increase of 217.1% over N103.2 billion recorded in the corresponding period...

NGX Among Africa’s Best Performing Markets In 3 Months…As market Cap Hits N1.4trn In August

September 03, (THEWILL) - Despite concerns around the soaring inflation, interest rate hikes and weak macroeconomic indices, investors’ confidence in Nigeria’s stock market remained strong, leading to Nigerian Exchange Limited (NGX) emerging one of the best performing exchanges in...

Backward Integration: Receding Agric Fortune Mirrors Troubled Consumer Goods Firms

September 03, (THEWILL) - Nigeria’s agricultural sector has been on a steady decline in the past seven years, according to data by the National Bureau of Statistics (NBS). After the second quarter (Q2) of 2016 when it achieved a...

Moniepoint Promotes Financial Inclusion With Personal Banking

September 02, (THEWILL) - Fintech giant, Moniepoint, has taken great strides towards supporting the Central Bank of Nigeria's ambitious goal of achieving 95 per cent financial inclusion by 2024, by unveiling its personal banking initiative. This strategic move aims...

CBN Directs Banks To Search Data Base For Suspects Arrested Over $1bn Currency Counterfeiting

September 01, (THEWILL) - The Central Bank of Nigeria (CBN) has directed Deposit Money Banks (DMBs) and Other Financial institutions (OFIs), to conduct searches on their database for a Nigerian and four others, arrested over alleged involvement in currency...