Business

Zenith Wins 2022 Bank Of The Year, Nigeria Award

December 05, (THEWILL) - Zenith Bank Plc has emerged as ‘Bank of the Year in Nigeria’ in The Banker’s Bank of the year awards 2022. A statement said the award was announced by The Banker Magazine, Financial Times Group,...

Equity Market Closes On Positive Note

A total turnover of 839.978 million shares worth N12.418 billion in 16,183 deals was traded last week by investors on the floor of the Exchange, in contrast to a total of 711.618 million shares valued at N15.338 billion that...

DMO DG To X-ray Nigeria’s Public Debt At CAMCAN Workshop

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The Director-General of the Debt Management Office (DMO), Ms Patience Oniha, will lead other market regulators to discuss the prospects of Nigeria's public debt at the 2022 annual workshop of the Capital Market Correspondents Association of Nigeria (CAMCAN). The workshop...

Q3 GDP: Transportation, Financial Sectors Lead In Growth

Nigeria’s transportation and financial sectors led the list of the fastest-growing sectors in the third quarter of 2022, printing real growths of 41.59% and 12.7%, respectively. This is contained in the Q3 2022 Gross Domestic Product (GDP) report released by...

African Airlines’ Traffic Soar 84.5% In October

The International Air Transport Association (IATA) has announced a recovery in air travel in October, pointing out that African airlines’ traffic rose 84.5% in October versus a year ago. IATA also confirmed that October 2022 capacity was up 46.9% and...

Access Bank Disowns Fake News Link With Crypto Platform

Contrary to an unsubstantiated report circulating on the internet, Access Bank Plc has not launched any Bitcoin bank or introduced a cryptocurrency product. A statement by the Bank’s management dissociated the financial institution from the information pushed out by a...

Yuletide Demand Spikes Ticket Costs By 100% Amid Disruptions

There is an indication that Nigerians travelling by air this season are in for one of the most expensive pricing regimes in local airfares. This is because the airfares have increased in the last few months due to scarcity...

RT 200 FX: Emefiele’s Scorecard Signals Optimism For FX Inflow

The milestone attained in the implementation of the Race-To-$200 billion (RT 200) programme points to the success story ahead as the Central Bank of Nigeria (CBN) intensifies efforts towards realising the objective. The programme is aimed at raising $200 billion...

African Airlines Record 8.3% Decrease In Cargo Volume – IATA

November 30, (THEWILL) - The International Air Transport Association (IATA) has released data for October 2022 global air cargo markets, showing that African airlines saw cargo volumes decrease by 8.3% in October 2022, compared to October 2021. This was...

RT 200 FX: CBN Doles Out N81bn Rebates to Nigerian Exporters As Repatriation Jumps by 56.4%

November 29, (THEWILL) - The Central Bank of Nigeria (CBN) has paid out a total sum of N81 billion to Nigerian exporters in 2022 as rebates for repatriating their export proceeds in line with the RT 200 FX policy. A...