Business

Shares of GSK (GSK.L) surged by as much as 6.5 per cent on Thursday following the announcement of a $2.2bn settlement related to U.S. lawsuits alleging that its discontinued heartburn medication, Zantac, caused cancer. The settlement, disclosed on Wednesday, was significantly lower than anticipated, with JP Morgan previously estimating a …

Ecobank Transnational Incorporated (ETI) has successfully priced its $400m 10.125 per cent notes, which are set to mature on October 15, 2029. Interest payments on the notes will be made semi-annually, on April 15 and October 15 each year, with the first payment commencing on April 15, 2025. This information …

The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has said the hike on the price of petrol could lead to higher transportation costs, exacerbate inflation and severely impact small and medium-sized businesses. Mr Dele Oye, National President, NACCIMA, made this known in a statement on Wednesday …

To increase access to sustainable finance in Nigeria, Canada’s Development Finance Institution, FinDev Canada, provides a loan of up to US$ 40 million to Stanbic IBTC. This loan to Stanbic IBTC, a member of Standard Bank Group, Africa’s largest bank by assets, paves the way to a long-term partnership in the …

Attorney-Generals across the United States have filed lawsuits on Tuesday against Social media platform, TikTok, alleging that the platform has become an addiction to young people, harming their mental health in the process. The suit cited various elements of the platform including its endlessly scrolling feed of content, TikTok “challenge” …

Nigerian Exchange Group Plc (NGX Group) has lauded the German Government and its development finance institution, Deutsche Investitions- und Entwicklungsgesellschaft (DEG), a subsidiary of KfW Bank, for their commitment to advancing impact investing in Nigeria. This comes as NGX Group looks to strengthen partnerships aimed at fostering sustainable development, with …

…Saves Africa’s $17bn Petrol Products Imports   Nigeria must enhance its crude oil production capacity and effectively manage its crude supply to ensure adequate feedstock for domestic refineries, in order to transit from a net importer to a net exporter of petroleum products. Chairman of Dangote Refinery and Petrochemicals Company …

By Sam Diala, (THEWILL) – Stakeholders and financial industry experts have reacted to the series of allegations against Guaranty Trust Holding Company (GTCO) Plc. A civic organisation, Global Integrity Crusade Network (GICN), had on Friday, September 4, 2024, released a Private Investigative Report signed by its President, Edwin Omaga, alleging …

A Unity Bank customer, Mr. Amadi Chinmenem Gift Chike, has emerged as the latest winner of One Million Naira in the ongoing Cash Rewards Promo by Unity Bank Plc and CashToken Rewards Africa. CashToken Rewards Africa is a Cash-Reward-as-a-Service company that rewards customers for their patronage and loyalty. Mr. Amadi, …

Stanbic IBTC Pension Managers, a subsidiary of Stanbic IBTC Holdings, has officially kicked off the third season of its acclaimed FUZE Talent Show with the unveiling of a panel of judges. The event at the Stanbic IBTC Towers in Lagos set the stage for what promises to be the most exciting …