Business

Eid-El-Fitr: Bank Customers Decry Poor Network, Insufficient Funds In Atms

Bank customers in the Federal Capital Territory (FCT), on Tuesday decried poor network and insufficient funds in most Automated Teller Machines (ATMs). The News Agency of Nigeria (NAN) reports that at the time of filing this report, many customers were...

Fidelity Bank Restates Commitment To Youth Development

SAN FRANCISCO, June 03, (THEWILL) - Managing Director /Chief Executive Officer, Fidelity Bank Plc, Nnamdi Okonkwo, has described sport as a strong element in youth development. Okonkwo stated this at the closing ceremony of the Anambra State U13/U17 Academicals which...

EFCC Probes MTN’s Listing On NSE

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SAN FRANCISCO, May 26, (THEWILL) - Telecommunications giant, MTN Nigeria, has revealed its listing on the Nigerian Stock Exchange (NSE) is the subject of an enquiry by the Economic and Financial Crimes Commission (EFCC). MTN, which was listed on the...

Nigeria’s GDP Grew By 2.01% In 2019 First Quarter – NBS

SAN FRANCISCO, May 20, (THEWILL) - Nigeria’s Gross Domestic Product (GDP) has grown by 2.01% in the first quarter of 2019. According to figures released by NBS, the slow growth is recorded in the first quarter after the oil sector contracted. Compared...

FIRS To Impose VAT On Online Transactions, Says Fowler

The Federal Inland Revenue Service (FIRS) says it will soon begin collection of Value Added Tax (VAT) on online transactions. The Chairman of the agency, Mr Babatunde Fowler, made the disclosure in an interview with the News Agency of Nigeria...

MTN Stocks Gain 21% in 48 Hours

The share price of MTN on Nigeria’s bourse soared by 21 per cent in two days, closing at N108.90 on Friday. The telecommunications giant, which is the only one listed in the sector by the Nigerian Stock Exchange gained the...

AfDB, Fidelity Bank Seal $50m Deal To Fund MSMEs

BEVERLY HIILS, May 07, (THEWILL) - The African Development Bank (AfDB) has extended a $50 million (about N18bn @N360-$1) facility to Fidelity Bank Plc for the growth of Micro Small and Medium Enterprises (MSMEs). At the agreement-signing in Abuja, it...

Shareholders Commend FBN Holdings For Successful AGM As Management Assures Of Brighter Future

SAN FRANCISCO, May 03, (THEWILL) - The shareholders of FBN Holdings Plc have been assured of brighter future and enhanced dividend at the 7th Annual General Meeting (AGM) in Lagos. Speaking at the meeting in Lagos, Dr Oba Otudeko, FBN Holdings...

NSIA Audited Financial Results Shows Strong Performance For 2018

The Nigeria Sovereign Investment Authority, NSIA, manager of Nigeria’s sovereign wealth fund, Monday announced its results for the 2018 financial year. The results show strong performance in a year when many international markets under-performed and the global economy experienced...

Fidelity Bank Opens 2019 Strong, Posts Solid Q1 Results

SAN FRANCISCO, April 25, (THEWILL) - Following its impressive full year results for 2018 released recently, Fidelity Bank Plc has started the new financial year strongly, posting a very impressive first quarter result. Details of the top lender's first...