Business

June 27, (THEWILL) – For the first time in a century, Russia defaulted on its foreign-currency government debt. However, the situation is a bit tricky because the government claims to have funds but is unable to transfer them to creditors...

June 27, (THEWILL) – The Nigerian Communications Commission (NCC) has disclosed that active mobile subscriptions across the four GSM networks of MTN, Globacom, Airtel, and 9mobile rose to 204.2 million in May 2022. The increase recorded in the month was...

June 27, (THEWILL) – MTN Communications Limited’s newly licensed Mobile Money Payment Service Bank Limited (MOMO PSB) has claimed that it lost N22.3 billion through fraudulent transactions in one month of operations allegedly orchestrated by 18 banks. In...

June 26, (THEWILL) – The World Bank has requested an adjustment in the exchange rate of the Investors & Exporters (I&E) window in Nigeria, stating that the rise in oil price has presented the Central Bank of Nigeria (CBN)...

June 26, (THEWILL) – Over 217 million shares of Zenith Bank were recorded in 17 trading days of June as investors scramble for the stocks of the Tieir-1 bank. Check by THEWILL revealed that the least amount was 4.58...

June 26, (THEWILL) – FMDQ Securities Exchange Limited through its Board Listings and Markets Committee, has approved the registration of the Lekki Gardens Estate Limited N25.00 billion Commercial Paper (CP) Programme on its platform. Lekki Gardens Estate Limited (“Lekki Gardens”...

June 26, (THEWILL) – NASCO Foods Limited, a subsidiary of NASCO Group Nigeria, has inaugurated a new factory with increased production capacity to deliver on cornflakes production plan as endorsed by the Nutrition Society of Nigeria. As an assured ready-to-eat...

June 26, (THEWILL) – Africa’s Global Bank, the United Bank for Africa (UBA) Plc recently marked the 4th Africa Day with fanfare. The event which turned into a mini carnival saw a rich culture of African people on display. The...

June 26, (THEWILL) – With last month’s approval of Starlink in Nigeria, there is an indication that some existing network providers in the country may lose part of their market shares in the telecommunications industry. This includes major players...

June 26, (THEWILL) – Nigeria’s foremost financial services institution, Access Bank, has maintained the tempo in credit expansion as a priority to stimulate the economy while its assets base soars. Data from the first quarter (Q1) 2022 interim report...