Business

Nigeria’s Letter of Credit Payments Fall by 63% in Q1 2024

May 27, (THEWILL)- Nigeria’s letter of credit payments have dipped by 63 percent in the first quarter of 2024 compared to the same period in the previous year, according to the International payments data of the Central Bank of...

Nigeria Showcases Digital Social Investments at APRA 2024

May 27, (THEWILL)- Various digital social investments in Nigeria, through the Nigerian Communications Commission (NCC) were on showcase at the just-concluded 35th annual conference of the African Public Relations Association (APRA) in Abidjan, Côte d'Ivoire. Through a presentation by the...

FBN Holdings Defies Odds, Posts Triple-Digit Growth in 2023

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May 27, (THEWILL)- Despite incessant corporate governance hiccups amid a challenging operating environment,  FBN Holdings, the parent company of FirstBank of Nigeria Limited, posted amazing triple-digit bottom-line growth in 2023. The group also announced a 95.6 percent remarkable increase...

UBA 2023 Earnings Highest in Banking Industry – Elumelu

May 26, (THEWILL)- The Chairman, Board of Directors, United Bank for Africa (UBA) Plc, Mr Tony Elumelu has said that the over N2.08 trillion revenue and N607.69 billion profit after tax reported by the group in the 2023 financial...

Niger Set For Massive Oil Export as Investors Dump Nigeria

May 26, (THEWILL)- While major international oil companies like TotalEnergy dump Nigeria for other parts of Africa, Niger has commenced shipment of oil. This development puts the landlocked African country into the league of oil-exporting African nations barely a...

Naira Depreciation to Worsen Under CBN, EFCC’s Combat Postures

May 26, (THEWILL)- The Central Bank of Nigeria (CBN) and the Economic and Financial Crimes Commission (EFCC) have stepped up their fight against the perceived ‘enemies’ of the naira who are seemingly responsible for the continued depreciation of the...

Equities Index Slumps 0.11% in Week Ended May 17

May 21, (THEWILL)- The NGX All-Share Index and Market Capitalization depreciated by 0.11% and 0.10% to close at 98,125.73 and N55.508 trillion respectively last week A total turnover of 1.652 billion shares worth N42.677 billion in 38,123 deals was traded...

Nigeria-US Transport Agreement Takes Off To Strengthen Air Travel

May 21, (THEWILL)- The Nigerian Aviation sector gained further ground during the week as the country’s Open Skies Air Transport agreement with the United States entered into force on Monday (today).. THWEWILL recalls that th Office of the Press Secretary...

Massive Devaluation, Inflation Surge Drain N1.2tr FAAC Allocation

May 21, (THEWILL)- The Federation Accounts Allocation Committee (FAAC) distributed N1.208 trillion in revenue to the Federal Government, States, and Local Government Councils for May 2024 from April revenue. On a month-by-month basis, this figure represents an increase  of N191...

UBA Marks 75th Anniversary, Recounts Milestone Achievements

May 20, (THEWILL) – United Bank for Africa Plc has reaffirmed its unwavering commitment to enhancing customer experience and expressed optimism for even greater achievements for both customers and shareholders in the future. The Bank gave the assurance on...
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Tinubu Doesn’t Live Large — NRS Boss Fires Back At Critics, Says President Walks To Work, Eats Once Daily, Debunks $279m Fraud Allegation

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.
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