Business

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...

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...

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...

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...