Business

Max Air Plane Crash Lands At Abuja Airport, Tyre Bursts Into Flame

May 07, (THEWILL) - A Max Air aircraft from Yola, Adamawa, crash-landed after the tyre reportedly burst into flames at the Nnamdi Azikiwe International Airport, Abuja. The aircraft had arrived from Yola, Adamawa State when the incident happened. The Aerodrome Rescue...

Investors Gain N33.7bn in Week Ended May 5

Investors in Nigeria’s equities market gained N33.7 billion as the first trading week of May 2023 ended on a positive note. The NGX All-Share Index and Market Capitalization appreciated by 0.12% to close the week at 52,465.31 and N28.568 trillion...

Access Bank Gets Approval For Acquisition of Finibanco Angola

Access Holdings, yesterday, said its subsidiary, Access Bank Plc, has received regulatory approval from the Central Bank of Angola for the acquisition of a majority equity stake in Finibanco, an Angolan Bank. This was disclosed by the Company Secretary, Sunday...

Global Food Prices Rose in April – FAO

Global food commodity prices rose in April for the first time in one year, the Food and Agriculture Organisation of the United Nations (FAO) has said. The rise was led by a steep increase in the sugar price index, along...

Group Wants Transparency on E-Customs $3.1bn Project

The Forum of Non-Governmental Organisations in Nigeria (FONGON) has tasked President Muhammadu Buhari to come clean on the Nigeria Customs Modernisation Project, known as the E-Customs Project, worth $3.1 billion, which was recently re-awarded by the Federal Government to...

Controversy Over AMCON’s Status as Airlines Turnaround Manager

The President and CEO of Sabre West Africa, Dr Gabriel Olowo, has faulted the status of the Asset Management Corporation of Nigeria (AMCON) as a turnaround manager of airlines in the country. Dr Olowo, who also doubles as the President...

Cashless Policy: Nigerian Banks, FAAC, Amass N135.56trn in Q1

Nigeria’s deposit money banks and other financial institutions, together with the Federation Accounts Allocation Committee (FAAC), raked in N135.56 trillion from electronic payment transactions in the first quarter (Q1) of 2023 as the Central Bank of Nigeria (CBN) intensifies...

Nigerian Economy: Fresh Agenda For New Beginning

In a matter of days, the Muhammadu Buhari Administration will hand over to a ‘brand new’ government. By implication, the control of the economy, warts and all, will have to change hands. It is therefore most auspicious to proffer...

Ways and Means: Nigeria’s Debt Profile now N69trn

May 05, (THEWILL) - Like the upper legislative chamber, the Senate, the House of Representatives on Thursday approved the request by President Muhammadu Buhari to restructure the N22.71 trillion Ways and Means advances the Central Bank of Nigeria (CBN)...

Access Bank Receives Regulatory Approval To Acquire Majority Equity In Angola Bank

May 04, (THEWILL) – Access Holdings Plc said its flagship subsidiary, Access Bank Plc, has received regulatory approval from the Central Bank of Angola, Banco Nacional de Angola, for the acquisition of majority equity stake in Finibanco Angola S.A. The...