Business

Bank Chiefs, Others Jittery As EFCC Moves on Asset Declaration

...We are enforcing existing law - EFCC ...We will resist it – Bank Employees ...It could be a fruitless exercise – Legal Practitioner BEVERLY HILLS, March 22, (THEWILL) - The industrial harmony that has pervaded Nigeria’s financial services sector currently engaged with unveiling...

GT Bank Posts N238.1bn Pre-Tax Profit, Customer Deposits Soar 38.6%

BEVERLY HILLS, March 22, (THEWILL) - Tier-1 lender, Guaranty Trust Bank Plc, recorded a profit before tax of N238.1 billion for its full year ended December 31, 2020. This represents a growth of 2.8 percent over N231.7 billion in the...

NNG Convener Lists Nigeria’s Four Major Challenges

Ask ZiVA 728x90 Ads
BEVERLY HILLS, March 22, (THEWILL) - The convener, New Nigeria Group (NNG), Mazi Sam Ohuabunwa has listed what he described as the four major challenges to the development and rapid transformation of the country just as he proffered solutions for...

Equity Market Loses N391bn In One Week

BEVERLY HILLS, March 22, (THEWILL) - Investors in Nigeria’s equity market lost N391 billion in the second week of March ended Friday March 5, 2021 as trading ended on a negative note. The NSE ASI depreciated -0.12 per cent to...

Airtel Africa To Explore Potential Listing Of Mobile Money Business

BEVERLY HILLS, March 22, (THEWILL) - Airtel Africa has announced the signing of an agreement under which The Rise Fund, the global impact investing platform of leading alternative investment firm TPG, will invest $200 million in Airtel Mobile Commerce BV,...

Union Bank Profit Dips N1.2bn In 2020

BEVERLY HILLS, March 22, (THEWILL) - Union Bank of Nigeria has reported a drop in 2020 profit by N1.203 billion. The audited financials of the bank published by the Nigerian Stock Exchange showed gross earnings declined 3.75 per cent to...

Zenith Bank Pays N94.19b Dividend To Shareholders At N2.70 Per Share

BEVERLY HILLS, March 17, (THEWILL) - Zenith Bank Plc has rewarded its shareholders with N94.19 billion total dividend value for the 2020 financial year. At the bank’s  30th Annual General Meeting (AGM) held on Tuesday in Lagos, the shareholders approved the...

KPMG Outshines Others To Clinch InfraCorp’s Transaction Adviser Portfolio

BEVERLY HILLS, March 17, (THEWILL) - The Central Bank of Nigeria (CBN) has appointed KPMG LLP as transaction adviser for the newly-created Infrastructure Corporation of Nigeria Limited (InfraCorp). The appointment was made after considering bids by other global professional services...

Reps Wade Into Banks Vs Telcos N42bn Rift, As CBN Fixes New Charges For USSD Services

BEVERLY HILLS, March 16, (THEWILL) – The Central Bank of Nigeria (CBN) has fixed new charges for customers using the Unstructured Supplementary Service Data services (USSD). The apex bank said, taking effect from Tuesday, customers would pay a flat fee...

Exiting Recession, Embracing Digital Economy Top Agenda As Okonjo-Iweala Meets CBN Team

BEVERLY HILLS, March 16, (THEWILL) - Dr. Ngozi Okonjo-Iweala on Tuesday visited the headquarters of her home country's Central Bank of Nigeria (CBN) in Abuja and dissected strategies on how Nigeria could exit recession and embrace the digital economy. The newly appointed...