Business

UBA Subsidiaries Pool N1.1trn Revenue in 5 Years

...As Total Assets Cross N8trn Mark March 13, (THEWILL) - Subsidiaries of the United Bank for Africa (UBA) Plc – the offshore operating segments of Africa’s Global Bank – collectively generated over N1trillion Revenue in five years (2017-2021), data from...

Falling Reserves: Banks Cut Foreign Spending Limits On Naira Card

March 13, (THEWILL) - About 10 months after the Central Bank of Nigeria (CBN) hinted that it would stop foreign exchange sales to deposit money banks (DMBs) amid steep dwindling forex inflow, the banks have stepped up measures to...

FMDQ Exchange Admits Coleman’s Series 3&4 Commercial Papers

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March 13, (THEWILL) - FMDQ Securities Exchange Limited has approved the quotation of the Coleman Technical Industries Limited N2.40 billion Series 3 and N3.65 billion Series 4 Commercial Papers (CPs) under its N20.00 billion CP Issuance Programme on its...

Removing Face Mask Mandate, Others For Air Travel 

March 13, (THEWILL) - In the last few weeks, there has been a dramatic shift by many governments around the world to ease or remove COVID-19-related travel restrictions and requirements as the disease enters its endemic phase.  As a follow...

Zenith Bank Suspends International ATM Withdrawals, POS Payments

March 11, (THEWILL) - Zenith Bank has reviewed the usage of its naira card for international transactions. In a notice to its account holders, Zenith Bank disclosed that it had suspended the usage of its naira card for cash withdrawals...

Businesses Must Digitally Transform To Support Hybrid Workplace Environments – Ola Williams

March 09, (THEWILL) - Country Manager for Microsoft Nigeria, Ola Williams, has advised that, to succeed in the global digital economy and prevent further job losses in an increasingly digitized society, Nigeria’s businesses must digitally transform to support remote...

Assessing Microsoft 5-Year Plan for African Start-up Market 

March 08, (THEWILL) - The opportunity for digital advancement in Africa is immense, but there is a pressing need to adopt digital platforms in order to accelerate Africa’s economic growth and better enable Africans to participate in the global digital...

Seplat Clarifies NNPC’s Pre-Emption Right On ExxonMobil Assets Acquisition 

March 08, (THEWILL) - Seplat Energy says it has not cancelled its Exxonmobil deal. The company made the clarification in a press release on Monday. “Seplat Energy wishes to clarify that the Sale and Purchase Agreement (SPA), earlier announced February 25,...

FY 2021: UBA Posts 20.3% Rise In Pre-Tax Profit To N153.1bn

March 06, (THEWILL) - Africa’s Global Bank, United Bank for Africa (UBA) Plc, has announced an impressive performance in key financial parameters of its 2021 full year report for the period ended December 31, 2021. The Tier-1 bank said in...

Zenith Bank Defies Headwinds, Grows Assets 60% in 5 Years

March 06, (THEWILL) - Zenith Bank Plc defied a challenging macroeconomic environment that witnessed the worst recession in a quarter of a century and exacerbated by the Coronavirus (COVID-19) pandemic, to grow its assets 60 percent within five years....