April 24, (THEWILL) - Nigeria’s external debt servicing hit $3.5 billion in the fiscal year that ended December 31, 2023, according to data from the Central Bank of Nigeria (CBN).
The data is contained in the latest CBN’s Quarterly...
April 23, (THEWILL) - The Board of MRS Oil Nigeria Plc will, at the company’s Extraordinary General Meeting (EGM) scheduled for May 21, 2024, request shareholders’ endorsement to voluntarily delist from the Nigerian Exchange Limited (NGX).
The decision to exit...
April 22, (THEWILL)- The Nigerian government and its agencies amassed over N134.78 million as taxes on the fully booked maiden London flight of Air Peace Airline on Saturday, March 30, 2024 -- investigation has shown.
The amount which comprises ‘Taxes’...
April 21, (THEWILL)- Transcorp Hotels Plc, the hospitality subsidiary of Transnational Corporation Plc has announced the divestment of its 100% interest in Transcorp Hotels Calabar Limited to Eco Travels and Tours Limited, an indigenous hospitality company.
This was contained in...
April 21, (THEWILL)- Amid worsening economic hardship, Nigerians were subjected to high costs of petrol, diesel and cooking gas in the month of March, 2024, according to the National Bureau of Statistics (NBS).
In its monthly reports on Premium Motor...
April 21, (THEWILL)- Africa’s Global Bank, United Bank for Africa Plc (UBA), emerged tops in asset growth among Nigeria’s major financial services institutions, especially those in Tier-1 category.
Details from the 2023 financial statements of the ‘Big Five’ recently submitted...
April 17, (THEWILL) - Africa’s Global Bank, United Bank for Africa (UBA) Plc, says it will seek shareholders’ nod to raise capital to meet the recapitalisation requirement stipulated by the Central Bank of Nigeria (CBN).
UBA disclosed this in a...
April 14, (THEWILL)- Guaranty Trust Holding Plc (GTCO) is intending to seek shareholder approval next month to raise up to $750 million in capital.
This initiative aligns with the efforts of other banks to bolster capital reserves in order to...
April 14, (THEWILL)- Notwithstanding the huge opportunity provided by the massive devaluation of the naira, Nigeria’s import of agricultural goods have continued to rise against the value exported.
Economic experts identify increase in export of locally produced commodities as a...
April 14, (THEWILL)- Zenith Bank Plc, Nigeria’s most capitalised financial services institution (N1.3 trillion), took a huge advantage of its industry leadership to build a historic balance sheet of N20.36 trillion in 2023. The quantum leap in the group’s...
Sam Diala is a Bloomberg Certified Financial Journalist with over a decade of experience in reporting Business and Economy. He is Business Editor at THEWILL Newspaper, and believes that work, not wishes, creates wealth.
Describing the allegations as entirely false, Adedeji said they were the handiwork of individuals determined to discredit him and weaken public confidence in the Tinubu administration.
