Business

BEDC Assures Customers of Improved Service, Complaint Resolution

November 28, (THEWILL) - The Management of BEDC Electricity Plc has assured customers of its commitment to resolving complaints during a Customer Complaints Resolution session organised by the Federal Competition and Consumer Protection Commission (FCCPC) in partnership with MacArthur...

MTN Launches 575m Shares Sales To Investors

November 24, (THEWILL) - MTN Nigeria Communications Plc on Tuesday opened the sale of up to 575 million ordinary shares in MTN Nigeria held by MTN International (Mauritius) Limited, by way of a bookbuild to qualified investors (Institutional offer). A...

CBN Retains Benchmark Rate to Achieve Accelerated Growth

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November 23, (THEWILL) - The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained its benchmark and policy rates at the last meeting of the year held November 22-23, 2021. The policy rate is the rate at...

Flour Mills Acquires 76.8% Stake In Honeywell Flour Mill

November 22, (THEWILL) - Nigeria’s major flour maker, Flour Mills of Nigeria Plc,  said  it has brokered a deal to buy out the majority equity interest in rival Honeywell Flour Mills, majority owned by billionaire and immediate past chair of...

Red Star Freight, Arik Air Sign GSA  Contract 

November 21, (THEWILL) - Nigeria’s logistics company, Red Star Express Plc, has entered into a partnership with Arik Air as the General Sales Agent (GSA). The partnership was announced recently by the Chief Operating Officer of Red Star Freight, Mudiaga...

Nigerian Firm To Participate In Intra-Africa Trade Fair

November 21, (THEWILL) - Nigeria’s major food and beverage manufacturer, Rite Foods Limited, says it will participate in the 2nd Intra-African Trade Fair (IATF) in Durban, South Africa in November. The company says it will use the opportunity to...

We Spend Over N6bn On Staff Salaries – SEC DG

November 21, (THEWILL) - The Director-General of Securities and Exchange Commission (SEC), Mr Yuguda Lamido, has disclosed that the Commission spent over N6 billion on staff salaries in 2021. Added to other overhead costs, the total expenditure is N8...

IMF Ranking And Future of Banking in Nigeria

November 21, (THEWILL) - A recent report by the International Monetary Fund (IMF) has shown that Nigerian banks closed 234 branches and 649 Automated Teller Machines (ATM) in 2020, leading to a decline in the country’s Financial Access Score...

Unilever: Dividend Drought Awaits Shareholders For Third Year 

November 21, (THEWILL) - Shareholders of Unilever Nigeria Plc, a major Fast-Moving Consumer Goods (FMCG) firm, will witness another dividend drought this year as the company wriggles out of the loss terrain it slid into about two years ago....

Revisiting New Security Administration At Nigeria’s Airports

November 21, (THEWILL) - In recent times, some Nigerian airports have been in the news for issues that have to do with security lapses.  These lapses include runway encroachment, pilfering, touting, loitering and extortion, among other vices that are contrary...