Business

June 13, (THEWILL) - President, the Association of Bureaux De Change Operators of Nigeria (ABCON), Alhaji Aminu Gwadabe has urged the Central Bank of Nigeria (CBN) to use Bureaux De Change (BDCs) as tool in ending multiple rate practices,...

June 12, (THEWILL) - Nigerian farmers and others in the agribusiness value chain raked in a total of N1.17 trillion in export earnings in one year between Q1 2021 and Q1 2022, according to data from the National Bureau...

June 11, (THEWILL) - The Nigerian Exchange will in 2023 begin the use of blockchain technology for settling trade across its platform in a bid draw young investors, CEO Temi Popoola said, according to a Bloomberg report on Friday. “For...

June 11, (THEWILL) - The Central Bank of Nigeria (CBN), says it is set to introduce the Unstructured Supplementary (USSD) code as part of steps to improve the Central Bank Digital Currency (CBDC). The Deputy Governor of the CBN, Kingsley Obiora, said...

June 09, (THEWILL) - Shell Plc expects to receive two final bids for its stake in its Nigerian joint venture this week. Bloomberg reports that the bids are from Tony Elumelu’s Heirs Holdings and a local firm ND Western Limited – citing people...

June 09, (THEWILL) - Nigeria’s foremost financial service group, FBN Holdings Plc, has announced that its largest single shareholder, Femi Otedola, has sold down about 834 million of his FBN Holdings shares in a deal valued at about N9.28 billion. The...

June 09, (THEWILL) - Africa’s Global Bank, United Bank for Africa (UBA) Plc, has redeemed its debut $500 million 5-year Eurobond notes with the maturity date of June 8, 2022. Issued in 2017, the five-year bond was offered at a...

June 08, (THEWILL) - Access Bank Plc says it has entered into an agreement to acquire 83.4 percent equity stake held by Centum Investment Plc, a Kenyan-based investment company, in Sidian Bank Ltd, for the sum of $37 million (N15...

June 08, (THEWILL) - Dukia Gold and Precious Metals Refining Company Limited has completed arrangements for the trading of fully refined London Bullion Market Association (LBMA) investment grade gold bullion bars, its derivatives and related products, on the floor...

June 07, (THEWILL) - Titan Trust Bank (TTB) has received a $300 million Intra-African Investment Financing Facility from Afreximbank to help it acquire a controlling share in Union Bank of Nigeria (UBN) plc. This was disclosed in a statement signed...