Business

NCC To Facilitate 90% Achievement In Broadband Penetration by 2025 – Danbatta

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...

FBN Holdings Records N805.2bn In Revenue Surge As Assets Climb 18.5%

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...

How Capital Market Will Aid Nigeria’s Infrastructural Development – SEC DG

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The Securities and Exchange Commission (SEC) has said that the Nigerian capital market will aid infrastructural development in the country. This disclosure was made by the Director General of SEC, Lamido Yuguda, on Thursday. Mr Yuguda expressed the belief that the...

CBN Debunks Devaluation of Naira Report

The Central Bank of Nigeria (CBN) has denied devaluing the naira contrary to a report in a national newspaper. Dr Isa AbdulMumin, Ag. Director, Corporate Communications of the CBN in a statement issued Thursday described the publication as false and...

FG Allocates N81.7bn For Streetlights – Higher Than Total Budget For Schools, PHCs Combined – Report

Tracka, BudgIT’s service delivery promotion platform, which allows citizens to collaborate, track and give feedback on public projects in their communities, has discovered that a total of N81.7 billion was allocated to the construction of solar streetlights in the...

Zenith Bank Eyes Robust H2 After ‘Best Corporate Governance Financial Services’ Award

Zenith Bank Plc is set for another stellar performance as it enters the second quarter that would usher in the H1 performance results. This is coming on the heels of wining the ‘Best Corporate Governance Financial Services’ Africa 2023...

Nigeria Air: Tragedy of N85bn Rot Buhari Left Behind

Former President Muhammadu Buhari left office on May 29, 2023, after eight years in office, without establishing the national carrier, which he had promised when he was first sworn-in in 2015. However, over N85 billion was blown on the...

Lagos Partners Dubai World Trade Centre to Empower Nigerian Startups

June 03, (THEWILL) - In a remarkable demonstration of its commitment to fostering innovation and entrepreneurship, the Lagos State Government in partnership with the Dubai World Trade Centre has proudly sponsored 25 exceptional startups to participate at Gitex Africa...

Ajay Banga Assumes Duties as 14th President of World Bank Group

June 03, (THEWILL) - Ajay Banga has assumed duties in his five-year term as World Bank Group President effective June 2, 2023. A statement by the World Bank Group Saturday said Ajay Banga most recently served as Vice Chairman at...

Heirs Insurance, Changes Name, Appoints Fayemi As New MD

June 03, (THEWILL) - Heirs Insurance Ltd., says it has changed its name to Heirs General Insurance (HGI). The organisation said its subsidiaries, Heirs Insurance Ltd. (HIL) and Heirs Life Assurance (HLA) also made appointments to some of their senior...