Business

Fidelity Bank Grows Profits By 30.6% To N25.1BN

SAN FRANCISCO, April 01, (THEWILL) - Fidelity Bank Plc., in a clear demonstration of its resilience and stability, has announced an impressive financial result for the year-ended December 31, 2018. The performance which capped a remarkable year, showed strong...

Access Bank Unveils New Logo Following Diamond Bank Merger

SAN FRANCISCO, April 01, (THEWILL) - After successfully merging with Diamond Bank, Access Bank Plc, has unveiled its new logo to birth the commencement of a new banking entity. At an elaborate ceremony at the Eko Hotel and Suites, Lagos, on...

Unity Bank Grows Total Assets By 50.8% In 2018 Financial Year

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BEVERLY HILLS, April 01, (THEWILL) - Unity Bank Plc has released its result for the 2018 financial year which shows the Balance Sheet budding up with a whopping 50.8% growth during the year. In its audited financial statements for the...

Nigeria’s Naira More Likely To Follow Egypt’s Playbook Than Ghana’s

For investors considering the fate of Nigeria’s naira after the central bank’s unexpected rate cut on Tuesday, Egypt may be a better guide than Ghana. Both Egypt’s and Ghana’s central banks cut their main interest rates earlier this year, surprising...

Merger: NSE Suspends Trading In Diamond Bank Shares

BEVERLY HILLS, March 20, (THEWILL) - Trading in the shares of Diamond Bank Plc has been placed on full suspension by the Nigeria Stock Exchange (NSE) following the court sanction of the Scheme of Merger with Access Bank Plc. NSE, in...

Access, Diamond Bank Merger: CBN, SEC Give Approval

SAN FRANCISCO, March 18, (THEWILL) - The Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) have approved the merger of Access Bank Plc and Diamond Bank Plc. Both banks at the weekend confirmed receipt of the...

Dangote, Chevron Sign Natural Gas Supply Deal For New Fertilizer Plant In Lekki

BEVERLY HILLS, March 15, (THEWILL) - Dangote Fertilizer Limited has entered into a long-term agreement with Chevron Nigeria Limited (CNL) for the delivery of Natural Gas from Chevron's supply portfolio to the fertilizer plant, which is poised to start...

Access Bank Denies Wrongdoing In Sale Of Customer’s Goods

BEVERLY HILLS, March 12, (THEWILL) - Access Bank Plc has vehemently denied any wrongdoing in the alleged sale of a customer's goods worth N2.5billion. THEWILL recalls that the Police Special Fraud Unit in Lagos had charged Access Bank Plc, its managing...

Aiteo Clarifies Nembe Creek Fire Incident

We are continuing to work with all the relevant authorities to restore full functionality to all the relevant installations and affected areas On 2 March 2019, a suspected explosion occurred in the Niger Delta, within the vicinity of Nembe Creek...

UK Set To Boost African Partnership With £30m

SAN FRANCISCO, March 04, (THEWILL) - The United Kingdom is set to inject up to £30 million into prosperity and security projects across Africa. The Minister of State for Africa, Harriett Baldwin, announced this ahead of the signing of the...