Business

Aircraft Maintenance: Nigeria Loses Over N150bn in 6yrs

BEVERLY HILLS, May 02, (THEWILL) – With about N25 billion spent annually on aircraft maintenance by local carriers, investigation has shown that all the Nigerian airlines put together may have spent a whopping sum of N150 billion in the...

Zenith Posts N61bn Pre-Tax Profit For Jan-March, 4% Better Than 2020’s

BEVERLY HILLS, May 01, (THEWILL) – Despite a very challenging macroeconomic environment aggravated by the COVID-19 pandemic  Zenith Bank Plc has announced its unaudited results for the first quarter ended 31st March 2021, with Profit Before Tax (PBT) rising by...

Copper Hits 10-Year High, Over $10,000 Per Tonne

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BEVERLY HILLS, April 29, (THEWILL) – The price of a tonne of copper has traded above $10,000 for the first time in a decade as the rebound from the coronavirus pandemic unleashes a surge of demand from China and the...

United Capital Nets Pre-Tax Profit Of N1.97bn In 1st Quarter 2021

BEVERLY HILLS, April 29, (THEWILL) – United Capital Plc, one of Nigeria’s leading investment banks and a foremost Pan-African financial and investment services group, has announced its unaudited financial statements for the period ended March 31, 2021, showing revenue of...

Ecobank Declares N40.3bn Pre-Tax Profit In First Quarter

BEVERLY HILLS, April 28, (THEWILL) - Ecobank Transnational Incorporated (ETI) has released its first quarter financial results for the period ended March 31st, 2021 showing remarkable performance in all the key financial indices. The Pan African bank recorded a profit...

Unending Fuel Subsidy Debate: What Hope For Consumers, Economy?

BEVERLY HILLS, April 26, (THEWILL) - The Federal Government in a report admitted recently that fuel subsidy has gone up to N500 billion and the Nigerian National Petroleum Corporation said this would not translate into a hike in the...

More Airlines  Embrace IATA Digital Health Passport

BEVERLY HILLS, April 26, (THEWILL) - As COVID-19 vaccinations become widely available and travel demand rises, ANTHONY OKECHUKWU, in this piece, looks at the level of airlines’ compliance with the newly introduced International Air Transport Association Travel Pass. As a...

Zenith Bank Pumps N11.3trn Loans Into Economy In 5yrs

...As Facilities Climb 20.56% In COVID-19 BEVERLY HILLS, April 26, (THEWILL) - Leading Tier-1 deposit money bank (DMB), Zenith Bank Plc granted expansive facilities in loans and advances totaling N11.3 trillion in the past five years: 2016-2020, data from its...

Wheat Farmers Bemoan $6.1bn Annual Import, Laud CBN Restriction On Forex For Importers

BEVERLY HILLS, April 22, (THEWILL) - The Wheat Farmers Association of Nigeria (WFAN) says about $6.1 billion is spent yearly to import wheat into Nigeria. The President of the association, Alhaji Salim Muhammad, made this known at a news conference on Wheat Forex...

Unilever Declares N19.4bn Turnover In Q1 2021, Nets N4.5b Profit

BEVERLY HILLS, April 21, (THEWILL) - Unilever Nigeria Plc has recorded a turnover of N19.4 bn in the first quarter of 2021. This represents 46% growth compared to N13.3bn recorded in the corresponding quarter of 2020. The company, in its...