Business

April 01, (THEWILL) – The Central Bank of Nigeria (CBN) has reported a substantial improvement in its Net Foreign Exchange Reserve (NFER) position, reflecting a substantial improvement in the country’s external liquidity, reduced short-term obligations, and renewed investor confidence. A...

March 31, (THEWILL) – Nigeria’s largest bank by market capitalization, Zenith Bank Plc, expanded its balance sheet by a remarkable 47.2 percent to N30 trillion in FY 2024 against N20.36 trillion recorded in the previous year (FY 2023). According...

March 30, (THEWILL) – Africa’s Global Bank, United Bank for Africa Plc, recorded N236.30 billion in e-banking revenue on a strong financial inclusion drive, according to its audited financial statement for the period ended December 31, 2024. This constitutes an...

March 27, (THEWILL) – Auto stocks declined in morning trade on Thursday, with Tata Motors tumbling over 6%, after the U.S. President Donald Trump imposed 25% tariffs on car imports from April. On Wednesday, Trump imposed 25% tariffs on...

March 27, (THEWILL) – Zenith Bank Plc has announced its audited financial results for the year ended December 31, 2024, delivering a significant growth across key performance indicators. The Bank’s impressive performance reflects effective management and pricing of its...

March 24, (THEWILL) – Africa’s Global Bank, United Bank for Africa (UBA) Plc, has released its audited financial results for the full year ended December 31, 2024, with all its major indicators witnessing significant improvement. The 2024 financials, filed with...

March 24, (THEWILL) – Nigeria is in for a fresh foreign exchange crisis as the country gradually returns to increased importation of petroleum products which it had assured the world was over.   After decades of massive importation of petroleum products,...

March 23, (THEWILL) – The emergency rule imposed on Rivers State by the Nigerian President, Bola Ahmed Tinubu, is set to deepen the investment decline in the oil and gas-rich area.  The President, in a national broadcast on March 18,...

March 23, (THEWILL) – The Bank of Industry (BOI) has launched a special intervention programme, Project Guaranteed Loans for Women (GLOW), valued at N10 billion, to support female entrepreneurs across Nigeria, the News Agency of Nigeria reports. The initiative aims...

March 23, (THEWILL) – Nigeria’s largest financial bank by assets, Access Bank, is planning to raise up to N194 billion from Series 3 & 4 Commercial Papers (CPs) issuance. The CPs issuance is under its N400 billion Commercial Paper...