Business

October 06, (THEWILL) – Africa’s Global Bank, United Bank for Africa Plc, recorded N106.1 billion in e-banking revenue on a strong financial inclusion drive. This constitutes a 107.8 percent growth compared to the N51 billion posted in HY 2023,...

October 06, (THEWILL) – Without a functional refinery, Nigeria imported a total of 20,3 billion litres of petrol in 2023, according to data by the National Bureau of Statistics (NBS). This translates to an average of 55.8 million litres...

October 06, (THEWILL) – Stakeholders and industry experts have applauded the role of the Development Bank of Nigeria (DBN) in providing a forum for exchange of ideas among operators of micro, small and medium enterprises (MSMEs). They maintain that such...

October 06, (THEWILL) – Since the announcement of the bank recapitalization policy in March 2024 by the Central Bank of Nigeria (CBN), the banking industry has been undergoing a flurry of activities—both on the part of the regulators and...

October 05, (THEWILL) – The Central Bank of Nigeria (CBN) has sold a total of $543.5 million to authorised dealer banks between September 6 and 30, 2024, to reduce market volatility driven by high demand for commodity importation and...

October 03, (THEWILL) – Access Bank Plc, one of Africa’s leading banks, has reinforced its dedication to advancing women’s empowerment across Southern Africa with the relaunch of its ‘W’ Initiative in Zambia and Botswana. The ‘W’ Initiative, which provides...

October 03, (THEWILL) – Vice President Kashim Shettima has commended the Development Bank of Nigeria Plc (DBN) for its laudable impact on the micro, small and medium enterprises (MSMEs). The Vice President made this remark at the 5th DBN...

October 03, (THEWILL) – Davnotch Nigeria Limited has asked the Federal High Court, Lagos, to bar West Power and Gas/WPG, the majority shareholder in Eko Disco, from selling or transferring its stake in “Eko Disco” until its shares...

October 03, (THEWILL) – The Federal Government has announced Value Added Tax (VAT) exemptions for various energy products, including diesel, Liquefied Natural Gas (LNG), Compressed Natural Gas (CNG), and electric vehicles, among others. Minister of Finance and Coordinating Minister...

September 30, (THEWILL) – Africa’s Global Bank, United Bank for Africa (UBA) Plc, has released its audited financial results for the half year ended June 30, 2024, showing impressive performance across some key financial indicators. A press statement issued...