Business

Zenith Bank Records 22% Growth In Q1 2022

April 29, (THEWILL) - Zenith Bank Plc has announced its unaudited results for the first quarter ended 31st March 2022, with an impeccable growth of 22% in Gross Earnings from N157.3 billion reported in Q1 2021, to N191.5 billion...

Nigerians’ Import Dependency Cause Of Falling Naira – CBN

April 28, (THEWILL) - The Central Bank of Nigeria (CBN) has said that no successful economy thrives on the promotion of imported products over exportation of local products, adding that Nigerians’ import dependency is the main cause of...

Access Bank Concludes Sale Of $50m Step-Up Green Notes

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April 27, (THEWILL) - Access Bank Plc has concluded the sale of $50 million Step-Up Green Notes due 2027. The Green Note, represents a debt instrument which investors buy into as lenders, while the issuer/borrower (Access Bank) pays back...

Nigeria Has Largest Oil-Production Shortfall In Q1 2022 – World Bank 

April 27, (THEWILL) - The World Bank has said Nigeria has the largest shortfall among oil-producing countries during the first quarter of 2022, a development it attributes to sabotage within the oil production system and other factors, such as...

UBA Plc Posts N42bn Profit In Q1 2022

April 27, (THEWILL) - United Bank for Africa Plc has announced a profit of N41.5 billion for its operations in the first quarter (Q1) of 2022, reflecting a growth of 8.7 percent year-on-year. The results which it released on Wednesday,...

Zenith Bank Clinches Global Finance’s Best Bank Award For Third Year

April 27, (THEWILL) - Zenith Bank Plc has emerged as the Best Bank in Nigeria in the Global Finance Magazine’s ‘Best Banks Awards’ 2022, retaining the award for a third consecutive year. The Bank was among other banks from...

Ecobank Transnational Posts $92.1m PAT In Q1 2022

April 26, (THEWILL) - Pan-African bank, Ecobank Transnational Incorporated (ETI), has released its unaudited financial statement for Q1 2022, which revealed impressive performance in key financial fundamentals. According to a report published on its website, ETI’s profit after tax (PAT) rose...

Nigerian Breweries Records 30% Revenue Growth In Q1 2022

April 26, (THEWILL) - Nigeria’s leading brewer and key player in the Fast Moving Consumer Goods sector, Nigerian Breweries Plc, has announced a N137.8 billion revenue in the first quarter (Q1) of 2022, compared with N105.7 billion generated in the...

Airtel Receives Licence For Super Agent Operations

April 26, (THEWILL) - The Central Bank of Nigeria (CBN), has awarded Airtel Mobile Commerce Nigeria Ltd, a subsidiary of Airtel Africa Plc, the full Super Agent licence to operate as an agency network. Super agents are businesses that have been...

Elon Musk Buys Twitter For $44B

April 25, (THEWILL) - Twitter's board has accepted an offer from billionaire, Elon Musk, to buy the social media company for roughly $44 billion and take it private. "Twitter Inc. (NYSE: TWTR) today, announced that it has entered into a...