Business

April 16, (THEWILL) – The Economic and Financial Crimes Commission (EFCC) has launched a full-scale investigation into the alleged N1.3 trillion investment scam involving CryptoBank Exchange (CBEX), a digital trading platform that recently collapsed, leaving thousands of investors stranded. The...

April 15, (THEWILL) – The Deputy Governor, Corporate Services, Central Bank of Nigeria (CBN), Emem Usoro, has said the bank recapitalisation exercise being implemented by the apex bank is a critical step towards achieving Nigeria’s ambition of building a...

April 14, (THEWILL) – Transcorp Hotel Plc (a subsidiary of Transnational Corporation Plc) experienced a strong year in 2024, with significant topline and bottom-line increase, as well as improved financial leverage. Transcorp Hotels reported a record revenue of N70.13 billion,...

April 13, (THEWILL) – Africa’s Global Bank, United Bank for Africa (UBA) Plc, has unveiled its vastly improved Point of Sale (POS) Terminal as well as the UBA MONI App to redefine the digital payment landscape and empower...

April 13, (THEWILL) – The prospect of oil-rich Rivers State recovering from the calamitous impact of emergency rule   remains uncertain, with its debt hitting N683 billion as of December 31, 2024. THEWILL reports that industry experts have expressed concern over...

April 10, (THEWILL) – The Dangote Petroleum Refinery has reduced the price of petrol to N865 per litre, marking a N15 drop from the previous rate of N880. The new price was communicated to marketers and customers through a notice...

April 10, (THEWILL) – Transnational Corporation Plc (Transcorp) has reported a strong 2024 financial performance, with revenue surging by 107 percent to N407.9 billion from 196.9 billion in 2023 and profit before tax increasing by 132.41 percent to...

April 09, (THEWILL) – The Federal Government has said the naira-for-crude initiative with local refineries is not a temporary measure but a “key policy directive designed to support sustainable local refining”. Introduced on October 1 2024, the deal allowed local...

April 09, (THEWILL) – The Central Bank of Nigeria (CBN) has announced a Balance of Payments (BOP) surplus of $6.83 billion for the 2024 financial year, marking a decisive turnaround from deficits of $3.34 billion in 2023 and $3.32...

April 09, (THEWILL) – China has announced additional tariffs of 84% on US goods after President Donald Trump's 104% tariffs on Beijing came into effect at midnight on Wednesday. THEWILL reported on Tuesday a White House statement intensifying the ongoing...