Business

April 19, (THEWILL) - Transcorp Power Plc (Transcorp Power) has demonstrated impressive financial performance in its released Q1 2024 unaudited financial statements. According to the unaudited account for the period ended March 31, 2024, Transcorp Power recorded N67.86 billion...

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...

April 9, (THEWILL) - The shareholders of Zenith Bank would get about N109.88 billion as dividends for the 2023 financial year as its profit after tax hit N676.91 billion. This was disclosed in the annual report, which was filed...

April 9, (THEWILL) - Africa’s global financial institution, the United Bank for Africa (UBA) Plc, has reported its audited accounts for 2023, revealing gross earnings of N2 trillion, a significant increase from N835 billion just a year earlier. This...

April 9, (THEWILL) - Guaranty Trust Holding Company Plc (GTCO), has reported profit before tax (PBT) of N609.3 billion, representing an increase of 184.5 percent over N214.2 billion recorded in the corresponding year ended December 2023. This was disclosed...

April 8, (THEWILL) - The Group Managing Director/Chief Executive Officer of the Nigerian Exchange Group (NGX Group), Mr. Temi Popoola, has been elected as the Chairman of Central Securities Clearing System (CSCS) Plc, effective April 1, 2024, succeeding...

April 8, (THEWILL) - First Bank Holdings Plc will seek shareholders’ approval to raise N300 billion in additional capital at the group’s Extraordinary General Meeting (EGM) scheduled to hold virtually on Tuesday, April 30, 2024. This was contained in...