Business

Purging MMIA of Corrupt MDAs’ Officials, Others

December 12, (THEWILL) - Over the years, stakeholders in the nation’s aviation industry have lodged complaints about some corrupt officials of Ministries, Departments and Agencies (MDAs), particularly at the Murtala Mohammed International Airport (MMIA), Lagos. Aware of the growing...

Nigerian Capital Market Launches Central Counterparty (CCP) 

December 12, (THEWILL) - The Nigerian Capital Market witnessed a monumental milestone as NG Clearing limited, the first Central Counterparty in West Africa, formally launched her operations. The launch of NG Clearing as a CCP means that exchange-traded derivatives are...

Nigerian Breweries: Slump in Q3 Profit Dims Dividend Prospects

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December 12, (THEWILL) - Nigerian Breweries Plc posted a huge decline of N852 million in its Group profit after tax (PAT) for the third quarter (Q3) of 2021. This represents a 63 percent drop from N1.35 billion recorded in...

Develop Products to Deepen Capital Market Retail Participation – FMDQ

December 12, (THEWILL) - As a way of increasing the inclusion rate in the Nigerian capital market, stakeholders have canvassed the introduction of “sachet” sized technology-driven products that would drive increased retail investors patronage in the capital market, particularly...

Otedola Increases Stake In FBN Holdings To 7.57%

December 10, (THEWILL) - Billionaire investor Femi Otedola has announced an increase in his shareholdings in FBN Holdings to 7.57% This was made known in a press statement sent to the Nigerian Stock Exchange on Friday, December 10, 2021. This development...

Sterling Bank Gets Approval For Islamic Banking Subsidiary

December 09, (THEWILL) - Sterling Bank Plc has received the Central Bank of Nigeria‘s approval-in-principle for a stand-alone license for its non-interest banking business that will run with the name, ‘Alternative Bank Limited.’ Non-interest banking or Islamic banking operates on...

Nigeria Records Negative Trade Balance In Q3, 2021 – NBS

December 06, (THEWILL) - Nigeria has recorded N3.032 trillion trade deficits in the third quarter (Q3) of 2021. The total trade figure in Nigeria, for the period stood at N13.2b, of which export trade value was N5.1b and import value was...

ID Africa To Support CAMCAN Workshop

December 06, (THEWILL) - ID Africa, a creative marketing communications, digital media and technology company, has been announced as one of the supporters of this year’s annual workshop of the Capital Market Correspondents Association of Nigeria (CAMCAN). CAMCAN is the umbrella...

Covid-19: Sterling Bank Partners LASG On Mass Vaccination Campaign

December 06, (THEWILL) - In a bid to ramp up the vaccination of people against the resurgent COVID-19 pandemic, Sterling Bank Plc has announced a partnership with the Lagos State Government to launch a vaccination campaign. The campaign is expected to...

Ogun Tasks Farmers On Preservation Of Farm Produce 

December 06, (THEWILL) - Ogun State Government has charged farmers to embrace strategic food preservation system to prevent farm produce from perishing in order to sustain food security The State Head of Service, Dr. Nafiu Aigoro, disclosed this while paying...