Business

Airlines Jostle For Smaller Aircraft

...As IATA Predicts Cash-Negative Trend In 2021 BEVERLY HILLS, March 01, (THEWILL) - Both local and international carriers across the world are gradually shifting towards narrow-body aircraft, which are today found in all the rage in the commercial aviation circle. The...

Continental Re Promises Quality Post − Covid-19 Recovery To African Nations

...As Group Managing Director/CEO Retires BEVERLY HILLS, March 01, (THEWILL) - Leading private pan-African reinsurer, Continental Reinsurance on Friday said it is “delivering and is positioned to deliver long-term value to shareholders and a wide group of stakeholders across Africa”. The...

E-Commerce: Courier, Logistics Firms Groan Under Multiple Taxes

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BEVERLY HILLS, March 01, (THEWILL) - Operators of courier and logistic firms facilitating e-commerce in Nigeria are being squeezed by multiple, unending layers of taxes from the federal, state and local government authorities across the country, THEWILL findings have revealed. The...

UN Adjudges Nigeria’s Economy As Focused But Sluggish

BEVERLY HILLS, February 25, (THEWILL) - The United Nations has passed a verdict on the Nigerian economy as moving in the right direction but sluggish. Deputy Secretary-General of the United Nations, Amina Mohammed, disclosed this on Thursday during a meeting at...

Aiteo Versus Shell: Court To Hear Contempt Proceedings Against 3 Nigerian Banks

BEVERLY HILLS, February 24, (THEWILL) - Justice Oluremi Oguntoyinbo of the Federal High Court in Lagos will on March 22 decide whether or not to hear a contempt proceeding filed against three Nigerian banks by Aiteo Eastern E &...

United Capital Records Double Digit Growth As PBT Jumps By 61%

BEVERLY HILLS, February 24, (THEWILL) - United Capital Plc has recorded positive results for the year ended December 31, 2020, as its Profit Before Tax (PBT) jumped by 61 percent to N7.95 billion (PBT), compared to N4.95 billion in...

Zenith Bank’s Gross Earnings Rise By 5% To N696.5bn

BEVERLY HILLS, February 24, (THEWILL) - Zenith Bank Plc has announced gross earnings of N696.5 billion in its 2020 operations, against N662.3 billion posted in the corresponding period of 2019. The bank’s audited result for the year ending December 31,...

Fresh Hurdles For Aviation Sector As Dearth Of Spares, Technical Support Hit Industry

BEVERLY HILLS, February 16, (THEWILL) - The aviation industry may take a longer period than expected to recover from the effect of the current Covid-19 pandemic ravaging the entire world as the aviation industry continues to suffer dearth of spare...

Bankers Sign MOU On Takeover Of National Theatre

BEVERLY HILLS, February 15, (THEWILL) - The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has led the Bankers Committee to sign a Memorandum of Understanding (MOU) on the takeover of the National Arts Theatre, Iganmu, Lagos, for...

N395bn Investors’ Fund ‘Trapped’ In Dormant Equities In 2020 – Investigation

BEVERLY HILLS, February 14, (THEWILL) - Amid flourishing outlook of Nigeria’s equity market which earned it the best performing Stock Exchange in the world as at 2020, the nation’s bourse hosted a bunch of dormant equities worth over N395...