Business

Nestle Nigeria: Strength of The Raging Bull

November 06, (THEWILL) - The Nigerian Exchange (NGX) hit the peak of its growth on Friday, May 27, 2022 when it recorded a market capitalisation of N29.15 trillion and an All-Share Index (ASI) of 54,085.30. It was a historic performance...

Q3 2022: FBN Holdings Sends Delightful Message to Stakeholders

FBN Holdings Plc, the parent company of First Bank of Nigeria Limited, is sending a message to its stakeholders through its impressive performance results for the Q3 and nine month periods ending September 30, 2022. The behemoth financial services establishment,...

Nigeria 2023: Random Thoughts on Economic Manifesto

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The opening paragraph of the section on the ‘Economy’ of the manifesto of one of the presidential candidates (for Nigeria’s general election 2023) says: “The structural model upon which our national economy has always been based needs major reform....

Unity Bank Posts N2.2bn Profit, Grows Gross Earnings by 17% in Q3 ’22

Unity Bank Plc has declared a N2.2 billion profit for the nine-month period ended September 30, 2022, with 17% growth in gross earnings to N42.2 billion for the same period, as against N36.2 billion in the corresponding period of...

NATOP Seeks NCAC Collaboration to Develop Tourism Economy

The Director General, National Council for Arts and Culture, Otunba Segun Runsewe has said his arms are wide open to support moves aimed at revamping the tourism economy for the nation. Otunba Runsewe made this known in his office...

Q3 22: Zenith Bank Earnings Spike 20% on Interest Income Growth

Zenith Bank Plc recorded a 20 percent growth in gross earnings from N518.7 billion in Q3 2021 to N620.6 billion in Q3 2022, its unaudited account for the period ended September 30, 2022, and filed with the Nigerian Exchange...

Airlines Rebuffed Overtures to Invest in Nigeria Air – Sirika

The Minister of Aviation, Senator Hadi Sirika, has opened up on the proposed Nigeria Air, accusing local airlines of rebuffing overtures when confronted initially to buy shares in the carrier. Sirika made the disclosure while defending the choice of Ethiopian...

Q3 2022: UBA Heads For N10trn Assets on Strong Growth Momentum

Africa’s Global Bank, United Bank for Africa (UBA) Plc, sustained its growth trajectory during the nine months ended September 30, 2022, incorporating the Q3 performance.  The Tier-1 lender which has raced on the fast lane since the year looks set...

Zenith Bank Posts N174bn Profit, up 8.55% in Nine Months

October 27, (THEWILL) - Zenith Bank Plc has released its interim financial report for the period that ended September 30, 2022, which showed impressive performance as has been since the year. The bank also grew its post-tax profit by 8.55...

Why We Redesigned the Banknotes — Emefiele

October 26, (THEWILL) - The Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele has explained the reasons for the sudden policy of redesigning the nation’s currency notes – the N200, N500 and N1,000 with immediate effect. The apex bank...