Business

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

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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...

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

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...