Business

August 31, (THEWILL) - United States’ Global X Management-backed Fidelity Bank, which Tuesday announced a binding agreement for full acquisition of Union Bank UK, reported for the period from January through June a net profit of 20.7 per cent...

August 31, (THEWILL) - The Central Bank of Nigeria (CBN) has commended the commitment of the management of Access Bank Plc to its sustainable banking principles. The CBN expressed its commendation at roundtable, which it jointly hosted with the European Organisation...

August 31, (THEWILL) - The Management of Dangote Sugar Refinery Plc has said it is determined to significantly reduce the importation of sugar into the country by 40 percent, thus paving the way for the employment of over 30,000...

August 30, (THEWILL) - DataPro, the Technology-Driven Credit Rating Agency, has affirmed NOVA Merchant Bank Limited’s Long-Term rating of A+ and short-Term ratings of A1 with Stable Outlook. The agency explained that the bank was rated as a result of its...

August 30, (THEWILL) - Fidelity Bank Plc has acquired 100 percent equity in Union Bank Plc UK, the bank said on Tuesday. The bank disclosed this in a corporate filing on the Nigerian Exchange Limited (NGX), signed by Ezinwa Unuigboje, the...

August 30, (THEWILL) - Delta Airlines has suspended its flights between New York-JFK and Lagos, effective October 4, 2022. The airline in a statement announced that the route suspension was to fit into “the current demand environment.” The statement, however, stressed...

August 29, (THEWILL) - Access Holdings Plc has been given approval to acquire First Guarantee Pension, a subsidiary of First Bank Nigeria Holdings Plc. The development is coming after Access Holdings Plc announced in May that Access Bank was divesting from...

August 29, (THEWILL) - Almost four decades, after the Alhaji Shehu Shagari administration conceived the Onitsha River Port project, a major breakthrough was reached on July 1, 2022, when the Federal Government signed a concession agreement with Universal Elysium Consortium...

August 29, (THEWILL) - Recent developments in the interest rate regime are tending towards the fixed income market where a significant portion of pension assets are held. Investors are therefore positioning for the boom that will result from expansion in...

August 27, (THEWILL) - The rise in inflation rate, along with a drop in Nigeria’s crude oil production, have caused a decline in the Gross Domestic Product (GDP) growth rate to 3.54 percent in the second quarter (Q2 2022)...