Business

Telecom Contribution To GDP Hits 16% – Danbatta

September 10, (THEWILL) - The telecommunications sector’s contribution to the nation’s Gross Domestic Product (GDP) has increased significantly to 16 per cent in the second quarter of 2023, according to the data reported by the Nigerian Communications Commission (NCC)...

Nnaji Harps on Artificial Intelligence in 4th Industrial Revolution

September 10, (THEWILL) - One of Africa’s foremost scientists, Professor Bart Nnaji, has advised Nigerians to embrace artificial intelligence (AI) on an industrial scale in order to join the 4th Industrial Revolution now sweeping across the globe. Professor Nnaji,...

Elumelu Urges Indians To Invest In Nigeria

September 10, (THEWILL) - The Chairman, Heirs Holdings Group, Tony Elumelu, has urged members of the Indian private sector to seize the opportunity of improved economic reforms to invest in Nigeria. Elumelu said this during the Nigeria-India Presidential Roundtable and...

Electricity: Ibadan Leads As Estimated-Billing Customers Climb to 6m – NBS

September 10, (THEWILL) - The Ibadan Electricity Distribution Company (IBEDC) has 1.33 million estimated-billing customers – the highest among the 11 Distribution Companies (DisCos) in Nigeria, according to data by the National Bureau of Statistics (NBS). The statistics bureau in...

Key Takeaways From GTCO Plc HY 2023 Results

September 10, (THEWILL) - Guaranty Trust Holding Company Plc (GTCO) stunned industry watchers with a superlative performance in the 2023 half year. It exceeded analysts’ forecasts in all parameters that account for growth and excellence. Although this is attributed largely...

NNPC Denies Opposing Sale of NAOC Shares to Oando

September 7, (THEWILL) – The Nigerian National Petroleum Company (NNPC) Limited has denied reports that it is opposed to the sale of the shares of Nigerian Agip Oil Company Limited (NAOC) to Oando Plc. The clarification follows media...

Agip-Oando Acquisition Deal Suffers Setback As NNPCL Moves to Invalidate Transaction

September 6, (THEWILL) – The recent agreement by Oando Plc with Eni to acquire 100 percent stake in its (Eni’s) subsidiary – Nigerian Agip Oil Company (NAOC) Limited – may have suffered a setback as the Nigerian National Petroleum...

PZ Cussons Nigeria Plc To Delist From Nigerian Exchange

September 05, (THEWILL) - PZ Cussons Nigeria Plc (PZCN) has announced that its core shareholder, PZ Cussons (Holdings) Limited, intends to acquire the shares held by all other shareholders of the company at an offer price of ₦21...

CBN To Clear FX Backlog In Two Weeks – Shonubi

September 05, (THEWILL) - The Acting Governor, Central Bank of Nigeria (CBN) has said that the bank is making plans to clear the foreign exchange (FX) backlogs in the next one or two weeks. Shonubi, who disclosed this at...

Heirs Insurance Group Posts N20bn Revenue for FY2022 – Cements position as Nigeria’s fastest-growing insurance group

September 05, (THEWILL) - Heirs Insurance Group, comprising Heirs General Insurance (HGI) and Heirs Life Assurance (HLA), announced a record-high 226% jump in Gross Written Premium (GWP), from N6.1bn in 2021 to N19.9bn for the financial year ended...