Business

The World Bank has urged Nigeria to ease trade restrictions that block market development and diversify the economy by investing more in agriculture and other non-oil sectors. The Bank also sought improvement in basic infrastructure provision especially electricity and...

Africa’s Global Bank, United Bank for Africa (UBA) Plc reported a profit surge of 29.1 per cent in the first quarter of 2023. The series of rate hikes by the Central Bank of Nigeria (CBN) helped strengthen interest income...

Stakeholders in the Nigerian aviation industry have taken a step forward to stem the tide of unfair hikes in airfares, which is adversely affecting passengers in the country. Top on the list of anomalies to be addressed is the...

Stakeholders and industry experts have raised the alarm over the $800 million World Bank facility secured by the Federal Government to cushion the effects of fuel subsidy removal. The Nigerian National Petroleum Corporation Limited (NNPCL) disclosed in January that it...

April 16, (THEWILL) - Guaranty Trust Holding Company (GTCO) recorded a drop in profit after tax of N169.2 billion in 2022 from N174.8 billion in the corresponding period, according to the lender’s audited earnings report issued on Friday. This represents...

April 15, (THEWILL) - Nigeria’s annual inflation rate rose for the third straight month to 22.04 percent in March, from 21.91 percent in the previous month, the National Bureau of Statistics (NBS), said on Saturday. The NBS said the March...

April 15, (THEWILL) – Nigeria’s annual inflation rate rose for the third straight month to 22.04 per cent in March from 21.91 per cent in the previous month, the National Bureau of Statistics (NBS) said Saturday. The statistics office...

April 14, (THEWILL) - Fidelity Bank has sold a 10.4 percent controlling stake in the financial institution through private placement.. The disposed controlling stake worth N13.97 billion was sold to two unnamed investors. According to a statement released by the bank...

April 14, (THEWILL) – The Central Bank of Nigeria (CBN) has issued a warning to the public regarding a fake recruitment portal that has been circulating. The portal has been fraudulently inviting eligible members of the public to submit...

April 13, (THEWILL) - Billionaire businessman, Mr. Femi Otedola has bought 5.5 percent stake in Transnational Corporation Plc (Transcorp), quoted under the tourism sector of the Nigerian Exchange (NGX). With this stake, Otedola has emerged the largest single individual shareholder...