Business

NGX Reiterates Commitment to Upholding Market Transparency Rules, Regulations

May 15, (THEWILL) - Nigerian Exchange Limited (NGX) has reiterated its commitment to supporting the enforcement of regulations that enhance transparency in the capital market, by reminding investors to comply with rules on disclosure of substantial holdings in listed...

Nigeria’s April Inflation Rises To 22.2% As Food Prices Soar

May 15, (THEWILL) – Nigeria’s annual inflation rate rose to 22.22 per cent in April from 22.04 per cent in the previous month, the National Bureau of Statistics (NBS) said Monday. The statistics office said the April 2023 inflation rate...

Airtel Africa Record Double-digit Revenue

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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...

NAHCO Subsidiary Commences Export of Food Items

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 Mulls Sale of WA Assets Amid Challenging Business Conditions

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,...

Dangote Refinery Presents Growth Opportunities For Nigerian Economy – LCCI

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...

PH Refinery: Buhari Fails on Q1 Delivery Target

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: FY 2022 Results Mirror Growth That Excites Shareholders

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...

Misplaced Reactions to NASS Approval of N22.7trn Ways And Means Loan

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...

Telcos To Disconnect Banks Over N120bn USSD Debt

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,...