Business

UBA Appoints Alawuba GMD, Others

August 07, (THEWILL) - To position the UBA Group for its next phase of growth and to continue to deliver that strategic intent, Mr Oliver Alawuba has been appointed as Group Managing Director. Alawuba joined UBA in 1997 and...

Nigeria Seeks N1.5trn to Fix Airport Infrastructure Gap

August 07, (THEWILL) - The Federal Government needs more than N1.5 trillion (about $5 billion) to fix airport infrastructure gap in the country. The above sum is contained in recent statistics provided by the African Development Bank (AfDB). Over...

Emefiele: Battling Forex Crisis of Non-producing Economy

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August 07, (THEWILL) - The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has been in the eye of the storm over the worsening depreciation of the naira. The local currency, which has been on a...

FX Repatriation Will Ease Pressure On Dollar Demand – CBN

August 04, (THEWILL) - The Central Bank of Nigeria (CBN) has called for the repatriation of foreign exchange (FX) earnings through official channels, to ease the pressure on the naira. CBN Deputy Director, Banking Services, Egboagwu Ezulu, said this at...

OPEC Increases Nigeria’s Oil Quota to 1.830m BPD

August 03, (THEWILL) - The Organization of Petroleum Exporting Countries, OPEC, and its allies, have increased Nigeria’s oil quota to 1.830 million barrels per day, mb/d in September 2022, from 1.826 mb/d in August 2022. This was part of actions,...

UBA Announces New Appointments As Alawuba Emerges New GMD

August 01, (THEWILL) - United Bank for Africa, Africa's leading banking conglomerate on Monday, announced new appointments in continuation of its strategic growth plan as Oliver Alawuba becomes the Group Managing Director bringing his experience in Nigeria and UBA...

Ex-Seplat CEO, Austin Avuru, Suspends Retirement Dinner Over Court Order

July 31, (THEWILL) - The founding, immediate past Chief Executive Officer, CEO, of Seplat Energy Plc, Mr Austin Avuru, has called off the planned retirement dinner which was to feature the unveiling of his books. The development followed an order...

Keystone Bank, BOI to Bear Brunt of Imo Govt, Innoson Motors Legal Tussle Over Unpaid Debt

July 31, (THEWILL) - Keystone Bank Ltd and Bank of Industry are both at the receiving end of the Imo State Government’s failure to redeem its debt of N2.5 billion owed to Innoson Vehicle Manufacturing (IVM), an indigenous vehicle...

NAHCO Grows Turnover By 44%, Pays Stakeholders N665m As Dividends

July 31, (THEWILL) – Leading Nigeria's ground handling company, the Nigerian Aviation Handling Company Plc (NAHCO Plc), has paid a whooping N665 million to its shareholders, as its turnover grew by 44 percent. At its 41st Annual General Meeting (AGM)...

PROMOTED: 6 Best Forex Apps for Ease of Use in Trading in Nigeria

Because high liquidity and volatility of the foreign exchange market, Nigerian traders need rapid access to market news, useful information as well as trading platforms. Subsequently, Nigerian traders' use of mobile trading applications has skyrocketed. Currency traders who are actively...