Business

Stock Exchange Becomes PLC

BEVERLY HILLS, March 10, (THEWILL) – The Nigerian Stock Exchange (NSE) has received final approvals for its ongoing conversion from a mutual, member-owned company to a public limited liability company with issued shared capital  and shareholders. The conversion, otherwise known...

AVON, UBA Partner On Bespoke Health Plans For Children

BEVERLY HILLS, March 09, (THEWILL) - Avon Healthcare Limited, a leading health management organisation has partnered with pan-African financial institution, United Bank for Africa (UBA) Plc, to develop well-tailored and unique health plans for children. The collaboration to develop the...

With Fewer Exports, Nigeria’s International Trade Deficit Climbs To N7.37trn

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BEVERLY HILLS, March 09, (THEWILL) - Nigeria recorded a trade deficit of N7.37 trillion in 2020, making a 317 percent decline when compared with the trade surplus of N2.32 trillion recorded in the 2019. The National Bureau of Statistics (NBS)...

UBA Makes N132bn Pre-Tax Profit For 2020, 27% Above 2019 Earning

BEVERLY HILLS, March 09, (THEWILL) - The United Bank for Africa Plc (UBA) has announced that its Profit Before Tax (PBT) rose to N131.9bn by the end of the 2020 financial period from N111.3bn at the end of the...

FMDQ Exchange Approves Registration Of Fidson Healthcare N10bn Commercial Paper

BEVERLY HILLS, March 08, (THEWILL) – FMDQ Securities Exchange Limited has through its Board Listings, Markets and Technology Committee, approved the Registration of the Fidson Healthcare Plc ₦10.00 billion Commercial Paper Programme on its platform. This milestone for Fidson Healthcare ,...

States’ N8.3trn Budget: Hope Dims For Economic, Job Growth In 2021

BEVERLY HILLS, March 08, (THEWILL) - Notwithstanding the grandiose remarks accompanying the governors’ presentation of their 2021 budgets, (“Budget of Blush and Bliss” – Cross River; “Budget of Providence” – Osun; “Budget of Accelerated Recovery” – Kogi; “Budget of...

NSE: Investors Lose N314bn In One Week

BEVERLY HILLS, March 07, (THEWILL) - Investors in the Nigerian equity market lost N314 billion in the first week of the month ending Friday, March 5, 2021, as trading closed in the negative territory compared to the previous days’ performance....

Nigerian-Born Lawyer Nominated To Represent UK At UN Commission

BEVERLY HILLS, March 03, (THEWILL) - The United Kingdom has nominated Dapo Akande, a Nigerian-born Professor of International Law who had his formative legal qualification in Nigeria, as its candidate for the International Law Commission at the United Nations. Currently...

MTN Rakes In N1.3tn Revenue In 2020 Audited Results, Proposes N5.90K Final Dividend

BEVERLY HILLS, March 02, (THEWILL) – Despite the disruption caused to businesses across the globe by the coronavirus pandemic, MTN Nigeria has announced a 14.7 per cent increase in its service revenue to the tune of ₦1.3 trillion in...

Ecobank’s $300 Bond Is Oversubscribed On London Stock Exchange

BEVERLY HILLS, March 02, (THEWILL) – Ecobank Nigeria has listed its $300 unsecured bond on the London Stock Exchange (LSE) as part of moves to increase liquidity and attract more international shareholders and reports indicate it has been oversubscribed. Last...