Business

CBN Unveils Draft Guidelines For Micro Finance Banks

BEVERLY HILLS, March 04, (THEWILL) - The Central Bank of Nigeria (CBN) has released an exposure draft guideline for the regulation and supervision of the microfinance banks (MFBs). The document was posted on the central bank’s website Wednesday. The Bank had...

Zenith Wins Again, Emerges Most Valuable Banking Brand In Nigeria For Three Consecutive Years

BEVERLY HILLS, March 04, (THEWILL) - Zenith Bank Plc, Nigeria’s leading financial institution, has again emerged as the Most Valuable Banking Brand in Nigeria in the recently released Banker Magazine Top 500 Banking Brands 2020. For the third consecutive year,...

Nigeria Records Highest GDP Growth Since 2016 Recession

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SAN FRANCISCO, February 24, (THEWILL) – The Gross Domestic Product (GDP) has recorded a growth of 2.55 per cent (year-on-year) in real terms in the fourth quarter of 2019, the highest since the recession in 2016. This was revealed in...

First Bank Takes SMEs Business Clinic To Port Harcourt, Abuja

In recognition of the significant role SMEs play in achieving sustainable growth and development in the economy of the country, Nigeria’s premier and leading financial services provider, First Bank of Nigeria Limited would host SMEs in its 2020 second...

Zenith Bank Reaffirms Market Dominance, Posts N208bn Profit After Tax

SAN FRANCISCO, February 22, (THEWILL) - In a clear show of its resilience and market leadership, Zenith Bank has announced an impressive result for the year ended December 31, 2019, with profit after tax (PAT) of N208.8 billion, achieving...

Keystone Bank Embarks On Tree Planting Campaign For Environmental Sustainability

BEVERLY HILLS, February 20 (THEWILL) – Keystone Bank Limited, Nigeria’s most innovative banking services provider, has restated its commitment to environmental sustainability as it recently embarked on tree planting campaign. According to the lender, the event which saw staff of the...

FirstBank Hosts SME Clinic, Reiterates Commitment To Building Capacity Of SMEs

SAN FRANCISCO, February 03, (THEWILL) - First Bank of Nigeria Limited has reiterated its commitment to driving growth and building the capacity of Small and Medium-sized Enterprises (SMEs) in the country. Speaking at the FirstBank SMEConnect Business Clinic, held in...

Nigeria Revokes $2 Bln Tax Case Against Telecoms Firm MTN

Nigeria’s attorney general has withdrawn a $2 billion tax demand against South African telecoms giant MTN Group, the company and attorney general said on Friday, in a closely watched case that investors say has damaged Nigeria’s appeal. In a letter...

KPMG SME Report: FirstBank Named Biggest Mover In 2019

Capital is crucial in driving sustainable Small and Medium Enterprises’(SMEs’) growth and uplifting the economy. First Bank of Nigeria Limited, as part of the launch of its specialised SMEs’ propositions, has continually supported SMEs through diverse initiatives. The bank...

What Will 2020 Hold for the Nigerian Economy?

2019 was a rough year for the Nigerian economy thanks to volatile crude Oil prices and the headwinds not only coming from global recession risks but also US-Chin a trade tensions. In addition, there were political uncertainties amid elections which...