Business

April 18, (THEWILL) - NOVA Merchant Bank Limited announced its Audited Full Year 2022 financial results, showing an outstanding 107.9% year-on-year growth in profit before tax and the group year-on-year profit before tax of 98.2%. The financial institution’s...

April 18, (THEWILL) – ExxonMobil has declared force majeure on lifts from different terminals in the country following industrial action by the company’s in-house workers union, the company said on Monday in a statement. Spokesperson Michelle Gray in a...

April 18, (THEWILL) – The World Bank has said that Nigeria’s deteriorating fiscal crisis is worsening as Africa’s largest economy used 96.3 percent of its 2022 revenue to service debts. The fact was contained in the Macro Poverty Outlook for...

April 17, (THEWILL) - Governor Samuel Ortom has expressed optimism that with the resumption of commercial flight operations to Makurdi, Benue State, will raise business and economic activities to the advantage of the state. The governor, who made the disclosure...

April 17, (THEWILL) – The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has applauded the International Monetary Fund’s (IMF) support for the recent tightening of monetary policies in recent months. Emefiele made this remark while addressing journalists...

April 16, (THEWILL) - A civil society organisation, Civil Society Legislative Advocacy Centre (CSLAC), has protested at the 2023 IMF/World Bank Group Spring meetings in Washington DC, USA, against Nigeria’s incessant borrowing from the Bretton Woods Institutions which contributed...

April 16, (THEWILL) - Africa’s Global Bank, United Bank for Africa (UBA) Plc, has released its unaudited results for the first quarter ended March 31st, 2023, recording remarkable growth across all its major income lines. The Bank’s result...

In the latest of efforts aimed at strengthening the functioning of Nigeria’s capital market and protect investors, the National Assembly on 29 March 2023 passed the Investment and Securities Bill (ISB 2023). The Bill has provisions for more stringent...

The Shell Petroleum Development Company of Nigeria (SPDC) on Wednesday denied claims that it was in violation of Nigerian Content laws at the EA fields in Bayelsa State. The Ijaw Youth Congress (IYC) had on Monday alleged that SPDC had...

The Tertiary Education Trust Fund (TETFund) has allocated N30 billion for disbursement to six universities, six polytechnics and six colleges of education under its 2023 Special High Impact intervention. The Executive Secretary of the fund, Sonny Echono, made this known...