Business

Zenith Bank Posts Impressive Results, Records 17% Earnings Growth in HY 2022

August 23, (THEWILL) - In a clear demonstration of its industry leadership and consistency in providing superior financial returns, Zenith Bank Plc has announced its audited results for the half-year ended 30 June 2022, recording an astounding double-digit growth of...

As CBN, NNPC Tango Over Nigeria’s Dollars

As the Muhammadu Buhari-led Federal Government enters the last lap of its tenure, Nigeria’s public sector space is getting saturated with issues ranging from the absurd to the ridiculous. The raging controversy between the Central Bank of Nigeria (CBN)...

HY 2022: FBN Holdings Results Mirror Growth That Excites Shareholders

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August 21, (THEWILL) - FBN Holdings Plc posted impressive results for its half year 2022 operations which reflect a growth trajectory that will excite the shareholders. This is coming after a period of heavy-footed performance on huge non-performing loans....

We Reduced Minting Of Naira To Boost Electronic Transactions – CBN

August 18, (THEWILL) - The Central Bank of Nigeria (CBN) on Thursday, said it reduced the minting of the Naira to boost electronic banking transactions in the country. CBN Deputy Governor, Economic Policy Directorate, Dr Kingsley Obiora, said this on...

CBN Raises Savings Interest Rate to 4.2%

August 16, (THEWILL) - The Central Bank of Nigeria (CBN) has ordered banks in Nigeria to pay savings deposit accounts an interest rate of at least 4.2%, an increase from the 1.4% previously received. This was contained in a circular...

BOI Raises €1bn Facility To Support MSMEs

August 16, (THEWILL) - The Bank of Industry (BOI) has announced the successful completion of a €1bn Guaranteed Senior Loan Facility to further enhance its capacity to deliver on its mandate, in line with President Muhammadu Buhari’s economic diversification...

Nigeria’s Inflation Rate Surges 19.64% in July 2022, Highest in 17 Years

August 15, (THEWILL) - Nigeria’s inflation rate in the month of July 2022 rose to a 17-year high of 19.64%. This compares to 18.6% recorded in the previous month of June 2022. The NBS said that on a month-on-month basis, the...

Globacom And Nigeria’s Telecoms Revolution

August 15, (THEWILL) - Globacom turns 19 on August 29. THEWILL considers the rise and rise of the only indigenous company in the telecoms sector in Nigeria. Michael Jimoh reports… It boggles the mind when you consider how much this...

BPE, CBN Give Banks Six Months Deadline to Quit DISCOs

August 15, (THEWILL) - The Bureau of Public Enterprises, BPE, and the Central Bank of Nigeria, CBN, has given a six-month deadline to banks which recently took over the shares of core investors in some Electricity Distribution Companies, DISCOs,...

DBN Steps Up Support for MSMEs Amid Challenging Environment

August 15, (THEWILL) - In order to mitigate the effects of the challenging economic environment on small businesses, the Development Bank of Nigeria (DBN) has stepped up financing support for the Micro, Small and Medium Enterprises (MSMEs) across the...