Business

FBN Holdings Lifts HY Profits by 414% to N187.2bn Ahead of Industry Peers

Behemoth FBN Holdings dazzled industry watchers with an all-time high half-year pre-tax profit of N187.2 billion for the period ended June 30, 2023, translating to a 414 percent increase compared to N56.6 billion posted in the corresponding period of...

Nigeria Remains Africa’s Largest Economy for 5th Straight Year

Nigeria has emerged Africa’s largest economy for the fifth consecutive year after narrowly edging out Egypt to the second position by 0.2 percent. According to data by the World Bank, Nigeria has maintained the position of the largest economy on...

Honeywell’s N72.2bn Judgement Claim Exercise in Futility – Ecobank

Ecobank Nigeria Limited has lodged an appeal against the ruling of the Federal High Court, Lagos, delivered by Hon. Justice M. Liman, in the N72 billion lawsuit brought against the bank by Honeywell Flour Mills Plc. A spokesperson for Ecobank...

Access Corporation Plc: 5-Year Strategic Plan Shows Early Signs of Accomplishment

About seven months after Access Corporation Plc unveiled its second five-year strategic plan (2023-2027) in January, 2023, the foremost financial services institution has recorded significant milestones in several areas, which points to possible early harvest of huge opportunities that...

NGX Reclassifies Fidelity Bank As Medium Price Stock

July 22, (THEWILL) - The Nigerian Exchange Limited (NGX) has reclassified Fidelity Bank Plc as Medium price stock. Rule 15.29 of the Rulebook of The Exchange, 2015 (Dealing Members’ Rules), noted that equities priced above N5 per share for...

Nigeria Narrowly Emerges Africa’s Largest Economy – For Fifth Straight Year

July 21, (THEWILL) - Nigeria has emerged Africa’s largest economy for the fifth consecutive year, according to data published by the World Bank. The West African country has maintained the position of the largest economy on the continent for the...

FBN Holdings Posts N206b Half-Year Profit

July 21, (THEWILL) - First Bank Nigeria Holdings Plc has reported a 'Profit Before Tax' (PBT) of N206 billion for half year ended June 30, 2023. The six-month report showed that the company grew gross earnings and profit before tax...

Investors’ Interest in Geregu Pushes Benchmark Index Up 0.3% As Naira Appreciates to N768.16/$

July 20, (THEWILL) - Bullish sentiments resurfaced in the equities market Thursday as buying interest in GEREGU (+5.7% from share price of N333) drove the benchmark index 0.3% higher. Thus, the All-Share Index closed at 63,930.72 points against 63,757.23 points...

ASEA, ECA Sign Landmark MOU On Africa’s Financial Market Development, Integration

July 20, (THEWILL) - The African Securities Exchange Association (ASEA) and the United Nations Economic Commission for Africa (ECA) proudly announce the signing of a landmark Memorandum of Understanding (MOU) which aims at fostering closer collaboration and driving...

Ecobank Nigeria To Appeal N72bn Court Judgement

July 20, (THEWILL) - Ecobank Nigeria Limited says it will appeal a judgement by the Federal High Court in Lagos, presided over by Hon. Justice Liman, which delivered a judgment in favour of Honeywell Flour against the bank...