Business

Zenith Bank Plc recorded a 20 percent growth in gross earnings from N518.7 billion in Q3 2021 to N620.6 billion in Q3 2022, its unaudited account for the period ended September 30, 2022, and filed with the Nigerian Exchange...

The Minister of Aviation, Senator Hadi Sirika, has opened up on the proposed Nigeria Air, accusing local airlines of rebuffing overtures when confronted initially to buy shares in the carrier. Sirika made the disclosure while defending the choice of Ethiopian...

Africa’s Global Bank, United Bank for Africa (UBA) Plc, sustained its growth trajectory during the nine months ended September 30, 2022, incorporating the Q3 performance.  The Tier-1 lender which has raced on the fast lane since the year looks set...

October 27, (THEWILL) - Zenith Bank Plc has released its interim financial report for the period that ended September 30, 2022, which showed impressive performance as has been since the year. The bank also grew its post-tax profit by 8.55...

October 26, (THEWILL) - The Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele has explained the reasons for the sudden policy of redesigning the nation’s currency notes – the N200, N500 and N1,000 with immediate effect. The apex bank...

October 26, (THEWILL) - The shrinking value of the currencies of most developing economies is driving up food and fuel prices in ways that could deepen the food and energy crises that many of them already face, according to...

October 25, (THEWILL) - United Bank for Africa (UBA) Plc has announced a surge in gross earnings to N608 billion for its nine months ending September 2022. This is up from N493 billion recorded in September 2021, ...

October 25, (THEWILL) - Nigeria’s Central Bank Digital Currency (CBDC), eNaira, recorded N8 billion in over 700,000 transactions one year after its launch. Thirty-three banks are also fully integrated and live on the platform with about one million...

October 25, (THEWILL) – The Central of Nigeria (CBN) has released the supervisory framework for Payment Service Banks (PSBs) which, among other things, empowered the PSB operators to sell foreign currencies, especially dollars, to authorised foreign exchange dealers. The CBN...

Businesses in emerging economies, large, small and micro, continue to bear the brunt of inflation, high energy costs (diesel or electricity), and, more broadly, global economic turbulence, which has snowballed into a slew of challenges that increasingly threaten the...