Sam Diala, THEWILL

AIICO Reaffirms Commitment Healthcare Development

AIICO Insurance Plc., has reaffirmed its commitment towards driving growth and advocacy in Nigeria’s healthcare sector in Nigeria, through its corporate social responsibility (CSR) channel The insurer, which reeled out its numerous interventions in the country’s healthcare sector, stressed that...

UBA Posts Profit Surge of 29% to N53.6bn in Q1 2023

Africa’s Global Bank, United Bank for Africa (UBA) Plc reported a profit surge of 29.1 per cent in the first quarter of 2023. The series of rate hikes by the Central Bank of Nigeria (CBN) helped strengthen interest income...

Fuel Subsidy Removal: $800m Palliative Injurious to Economy – Experts

Stakeholders and industry experts have raised the alarm over the $800 million World Bank facility secured by the Federal Government to cushion the effects of fuel subsidy removal. The Nigerian National Petroleum Corporation Limited (NNPCL) disclosed in January that it...

GTCO Profit Dips 3.3% to N169.2bn Amid High Impairment, Operating Costs

April 16, (THEWILL) - Guaranty Trust Holding Company (GTCO) recorded a drop in profit after tax of N169.2 billion in 2022 from N174.8 billion in the corresponding period, according to the lender’s audited earnings report issued on Friday. This represents...

BREAKING: Nigeria’s Inflation Rate Hits 22.04% Amid Surging Food Prices

April 15, (THEWILL) – Nigeria’s annual inflation rate rose for the third straight month to 22.04 per cent in March from 21.91 per cent in the previous month, the National Bureau of Statistics (NBS) said Saturday. The statistics office...

Fidelity Bank Sells N13.97bn Controlling Shares To Two Investors

April 14, (THEWILL) - Fidelity Bank has sold a 10.4 percent controlling stake in the financial institution through private placement.. The disposed controlling stake worth N13.97 billion was sold to two unnamed investors. According to a statement released by the bank...

CBN Disowns Fake Recruitment Portal

April 14, (THEWILL) – The Central Bank of Nigeria (CBN) has issued a warning to the public regarding a fake recruitment portal that has been circulating. The portal has been fraudulently inviting eligible members of the public to submit...

Femi Otedola Buys 5.5% Stake in Transcorp to Emerge Largest Individual Shareholder

April 13, (THEWILL) - Billionaire businessman, Mr. Femi Otedola has bought 5.5 percent stake in Transnational Corporation Plc (Transcorp), quoted under the tourism sector of the Nigerian Exchange (NGX). With this stake, Otedola has emerged the largest single individual shareholder...

Lekki Deep Sea Port Will End Cargoes Diversion to Neighbouring Countries — NPA MD

April 12, (THEWILL) - The Nigerian Ports Authority (NPA) has said that the inauguration of Lekki Deep Sea Port will end diversion of cargoes to neighbouring countries. Before now, cargoes meant for Nigerian ports were diverted to neighbouring countries ...

Why Interest Rates May Remain High – IMF Director

April 12, (THEWILL) - The International Monetary Fund (IMF) Financial Counsellor and Director of the Monetary and Capital Markets Department, Tobias Adrian, has predicted that interest rates may remain high for some time as central banks battle with risks...

About Me

Sam Diala is a Bloomberg Certified Financial Journalist with over a decade of experience in reporting Business and Economy. He is Business Editor at THEWILL Newspaper, and believes that work, not wishes, creates wealth.
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