Business

Fintech Will Boost Financial Inclusion – Yuguda

In an avowed drive to further deepen the capital market and attract more young people to the nation’s bourse, the need to embrace fintech has again been emphasised. This was stated by the Director General, Securities and Exchange Commission,,...

Equities Market Cap Climbs 2.04% to N28.5trn

The NGX All-Share Index and Market Capitalization appreciated by 2.04% to close last week at 52,403.51 and N28.534 trillion respectively. The Market opened for four trading days week as the Federal Government declared Friday 21st April, 2023 and Monday 24th...

NCDMB, IOCs to Support Orbit Galvanizing Plant

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In line with its mandate and continued efforts of the Nigerian Content Development and Monitoring Board (NCDMB) to support the development of in-country capacities that would serve the Nigerian oil and gas industry and allied sectors, the Executive Secretary,...

Why Incessant Strikes At Airports Worry Stakeholders

Stakeholders in the nation’s aviation industry are becoming more worried, following a series of strikes embarked upon mostly by the workers' unions at the nation's airports. Key aviation unions involved in the disturbing development include: the National Union of...

Estimated Billing Customers Hit 6m In Q4 2022 Amid Metering Racketeering

The number of ‘Estimated Billing’ customers in the books of Nigeria’s 11 electricity distribution companies (DisCos) rose to 5.93 million in the fourth quarter (Q4) of 2022, according to the National Bureau of Statistics (NBS). This represents a 3.4...

Zenith Bank Delivers Strong Q1 2023 Results with 41% Topline Growth

April 29, (THEWILL) – Zenith Bank Plc has announced its unaudited results for the first quarter ending 31st March 2023, with an exceptional double-digit growth of 41% in Gross Earnings, increasing from ₦191.5 billion in Q1 2022 to ₦270...

Otedola Divests from Transcorp, Sells 2.6bn Shares to Elumelu

April 28, (THEWILL) - Billionaire businessman, Femi Otedola, has divested his newly acquired stake in Transnational Corporation of Nigeria (Transcorp) to Chairman Tony Elumelu, sources said on Friday, This rests the scramble for the top ownership of the group. The billionaire...

Elumelu Amasses 9.7bn Shares to Become Transcorp’s Biggest Shareholder

April 27, (THEWILL) - Tony Elumelu, the chairman of Transnational Corporation Plc (Transcorp), has acquired fresh 9.7 billion shares in separate deals in recent days, company documents revealed on Thursday. The businessman turned the tables on the conglomerate’s two...

Fidelity Bank Records Stellar Performance in FY 2022

April 27, (THEWILL) - Fidelity Bank Plc, a leading financial institution, released its 2022 Audited Financial Statements on the Nigerian bourse Thursday. The results showed a 34.4% growth in Gross Earnings YoY to N337.1bn, driven by 45.2% growth in...

NGX Group Becomes First Globally Certified EDGE Platform

April 26, (THEWILL) - The Nigerian Exchange Group Plc (NGX Group) has announced the award of the EDGE certification to it. By this, the organisation becomes the first exchange group globally and the first indigenous Nigerian organisation to be EDGE...