Business

Nigeria’s GDP Increases By 2.28% In Third Quater Of 2019

BEVERLY HILLS, November 22, (THEWILL) - Data released by the National Bureau of Statistics (NBS) shows that Nigeria’s gross domestic product (GDP) grew by 2.28% in the third quarter of 2019. This is 0.17% percentage points higher than the 2.12% revised...

Access Bank Appoints Awosika As Chairman As Belo-Olusoga Retires

BEVERLY HILLS, November 19, (THEWILL) - The Board of Directors of Access Bank Plc Tuesday announced the appointment of Dr. Ajoritsedere Awosika as its new chairman, saying its current chair, Mosun Belo-Olusoga, will retire in January 2020. Belo-Olusoga’s retirement followed...

Inflation Rate Rises To 11.61% – NBS

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SAN FRANCISCO, November 18, (THEWILL) - The National Bureau of Statistics (NBS) has said that Nigeria’s annual inflation rate rose from 11.24 per cent in September to 11.61 per cent in October. The Bureau disclosed this in its monthly Consumer Price...

Heritage Bank Identifies High Prospects In Nigeria’s £4bn Gold market

BEVERLY HILLS, November 15, (THEWILL) - Heritage Bank Plc has disclosed that Nigeria’s Gold market is worth £4 billion Pounds with high prospects of profitability for all players in the subsector. The MD/CEO, Ifie Sekibo, who stated this at the...

Zimbabwe’s New Banknotes Now In Circulation – Mangudya

BEVERLY HILLS, November 12, (THEWILL) - Zimbabwe’s much-anticipated new banknotes eventually reached banks on Tuesday after a delay that saw many waiting in long queues for cash. Reserve Bank governor John Mangudya told journalists that Banks were collecting cash from...

CBN’s Unconventional Monetary Policy Fruitful For The Economy – Emefiele

BEVERLY HILLS, November 01, (THEWILL) - Having recorded a steady decline in inflation and with reserves hovering around $40 billion USD, the unconventional monetary policy of the Central Bank of Nigeria, CBN, is yielding better results for the economy...

Nigeria’s Revenue Quest Could Crush Offshore Oil Golden Egg – Industry Group

* Law change could shave more than $50 billion in investments * Royalty added even after hours-long meeting with oil companies * Required review every 5 years injects uncertainty The Nigerian government has fast-tracked a law that would render billions in planned...

Oando PLC Announces N13.1b Profit-After-Tax

SAN FRANCISCO, October 30, (THEWILL) - Oando PLC has announced a N13.1 billion profit-after-tax which is an increase of 26% compared to the same period in 2018. This was contained in the company's Year-To-Date (YTD) September 2019 results. According to the...

Nigeria Gets Better On World Bank’s Ease Of Doing Business Index

BEVERLY HILLS, October 24, (THEWILL) - Nigeria has moved up by 15 places to 131 in the World Bank’s Ease of Doing Business ranking from the 146th position it was in 2018. According to the World Bank Group’s Doing Business 2020...

FirstBank Wins Best Private Bank, Best Retail Bank In Nigeria Awards

In recognition of its commitment and leading role at providing bespoke financial services to its customers and the public in general, through its numerous state of the art and innovative financial products and services, First Bank of Nigeria Limited...