Business

The financial year ending March 31, 2023 gave Airtel Africa Plc double-digit revenue growth and resilient margin, with its revenue in constant currency growing by as much as 17.6%, and 11.5% to $5.255 million in reported currency. Airtel Africa is...

West Africa’s foremost ground handling service provider, National Aviation Handling Company (NAHCO) Aviance, recorded a major first recently as it started the exportation of food items to Europe under its new subsidiary, NAHCO Food and Beverages Limited. A Release from...

MTN Group Ltd. Africa's largest mobile operator, is reportedly in advanced talks to sell some of its assets to Axian Group Ltd. According to sources familiar with the matter, negotiations on the prices of MTN's assets in Liberia, Guinea-Bissau,...

With just a few days to the inauguration of Dangote Refinery, the Lagos Chamber of Commerce and Industry (LCCI) has lauded the efforts of its visioner, Aliko Dangote, and the Federal Government of Nigeria (FGN)’s support in berthing the...

President Muhammadu Buhari has failed to meet the deadline for the rehabilitation of the Port Harcourt Refinery which was set for the first quarter of 2023. The President had, through multiple sources promised, reassuringly, that the rehabilitation of the...

Cadbury Nigeria’s full year in 2022 shows a growth trajectory that would impress the shareholders who have waited long for a return to the good old days. After a stint at the low rungs of corporate stairs, the...

The approval given recently by the National Assembly on the Ways and Means Finance, which has lingered since 2022 when it was submitted by the Executive, has generated some controversies. The approval was stood down, we were told, because the...

May 13, (THEWILL) – The Association of Licenced Telecommunications Operators of Nigeria (ALTON), has announced plans to disconnect Deposit Money Banks (DMBs) if they fail to pay the debt owed to operators for Unstructured Supplementary Service Data (USSD) services,...

May 11, (THEWILL) – The chairman of Geregu Power Plc, Femi Otedola, has sold 2.8 million units of his shares in the power generation company, where he is holding the majority stake. According to data from the Nigerian Exchange, Otedola...

May 11, (THEWILL) – The Nigeria Immigration Service (NIS) has blamed the Central Bank of Nigeria (CBN) for the scarcity of international passport booklets in the country. The Comptroller-General (C-G) of NIS, Idris Jere, complained that the foreign exchange (forex)...