Business

Mobil Assets Acquisition: We Await Govt’s Action – Seplat

May 03, (THEWILL) - Nigeria’s foremost indigenous energy company, Seplat Energy Plc, has said that it is still awaiting the next action by the government, over the assets acquisition deal it struck with Mobil Producing Nigeria Unlimited (MPNU), earlier...

MTN Subscribers Pay N31.62bn VAT On Voice, Data In Q1 2022

May 03, (THEWILL) - Subscribers of MTN Nigeria Communications PLC, paid nothing less than N31.62 billion as Value Added Tax (VAT) on calls and data consumed in the first quarter of 2021. According to information contained in the firm’s...

Foreign Airlines’ Blocked Funds May Hit $300m In Q2

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...Operators Approach Black Market ...Expert Alleges Corruption  May 01, (THEWILL) - If urgent steps are not taken to work out a mechanism to clear the existing backlog of foreign airlines’ funds trapped in Nigeria and prevent a subsequent build-up, there are...

Nigeria Tops Global Travel Recovery Index Post COVID-19 

May 01, (THEWILL) - Statistics have revealed that the recovery of travel in Nigeria post COVID, is the highest in the world, putting the country's record higher than the world and continent figures. Mr Bankole Bernard, the CEO of Finchglow...

Q1 2022: UBA Plc Defies Headwinds, Records N42bn In Profit Growth

May 01, (THEWILL) - Despite intense headwinds that impacted the economy this past quarter (Q1 2022), Africa’s Global Bank, United Bank for Africa (UBA) Plc, reported moderate, yet impressive performance, which signals a positive outlook for the entire year. In...

FirstBank Celebrates Double Awards

May 01, (THEWILL) - First Bank of Nigeria Limited has won two awards: Best Bank in Nigeria 2022 and Best Banking Digital Transformation Nigeria at the International Investor Awards 2022, a print and online publication that provides insights, news...

New Banks, Fake Banks And Dubious Banking

May 01, (THEWILL) - A seemingly innocuous ‘war’ has been raging in the Nigerian financial services space for quite some time now: the ‘war’ to checkmate the activities of mostly unlicensed and unapproved ‘banks’ of various hues that have...

Consider Safety Of Online Businesses Over Call Restriction, NCC Tells Nigerians

May 01, (THEWILL) - The Nigeria Communications Commission (NCC) has appealed to Nigerians to think of safety that the liking of their Sims registration to their National Identification Number (NIN) will bring to doing their online businesses rather than...

Russia Oil Embargo: Mixed Reactions As EU Turns To Nigeria, Others For Supply

May 01, (THEWILL) - Indications that the European Union (EU) may turn to Nigeria and other oil-producing countries for oil supply amid moves to approve an embargo on Russian oil, is generating mixed reactions. The New York Times reported Friday,...

Q1 2022: Nestle Nigeria Grows Revenue By 26.3% To N110.2bn

April 30, (THEWILL) - Nestlé Nigeria Plc has announced its financial results for the first quarter of 2022, ending 31 March 2022. The company recorded a revenue of N110.2 billion against N87.3 billion during the same period in the previous...