Business

June 06, (THEWILL) – The World Bank has said that global economy is on a precarious footing as interest rates have assumed an upward trend. The Bank, therefore, predicts global growth to slow to 2.1 percent in 2023 from...

June 06, (THEWILL) - Nigeria recorded N927.16 billion trade surplus between January and March 2023, the National Bureau of Statistics (NBS), said Tuesday, in its Foreign Trade in Goods Statistics Report for Q1 2023. According to the Bureau, while total...

June 06, (THEWILL) - FBN Holdings Plc recorded an impressive result in Q1 2023 according to the unaudited financial statement it filed with the Nigerian Exchange. The Group posted a profit before tax of N56.105 billion for Q1 2023 a...

June 05, (THEWILL) – The multi-billionaire businessman and Chairman, United Bank for Africa Plc, Mr Tony Elumelu, has emphasised the need for a vibrant private sector to develop Africa into a robust economy. He said this could be achieved through...

June 05, (THEWILL) - The Group Managing Director/Chief Executive Officer of Zenith Bank Plc, Dr. Ebenezer Onyeagwu, has been named ‘Best Banking CEO of the Year in Africa’ in the International Banker 2023 Banking Awards. The award, published in the...

Nigeria’s upper legislature recently approved N23.7 trillion to be securitised, a move that raises Nigeria’s aggregate debt from N46 trillion to N70 trillion. The lawmakers later amended the CBN Act to accommodate more loans via ways and means and...

June 04, (THEWILL) - Nigeria alongside other OPEC and Non-OPEC members at the just concluded 35th Joint Ministerial Monitoring Committee (JMMC) meeting in Vienna, Austria, have agreed to a cut production volumes in order to ensure global oil...

Nigeria’s equities market was investors’ delight as it rounded off activities in the fifth month of the year. At the end of the last weekday of trading on the Nigerian Stock Exchange (NGX) Friday, a total of 455,760,646 shares in...

The Executive Vice Chairman, Nigeria Communications Commissions, NCC, Prof. Umar Garba Danbatta has revealed that the commission is providing industry leadership to facilitate the achievement of 90% Broadband penetration by year 2025, and well above 50% at the...

Revenue of FBN Holdings, the parent company of Nigeria’s oldest bank, First Bank, rose marginally by 6.4 percent to N805.2 billion in FY 2022, compared to N757.3 billion in the corresponding period. The Tier-1 lender posted a pre-tax profit slide...