Sam Diala, THEWILL

Eroton Remains Operator of OML-18, Says Management

March 15, (THEWILL) - Eroton Exploration and Production Company Limited has reiterated that it remains the Operator of OML-18 in line with the provisions of the JOA, adding that any dispute whatsoever between the parties are reserved exclusively...

CBN Debunks Fake News Entitled ‘Re- Emefiele Launches Fresh Plot Against President-elect Tinubu’

March 13, (THEWILL) - The Central Bank of Nigeria (CBN) has debunked a story published in The Nation newspaper on Monday, March 13, 2023 alleging that the CBN Governor, Mr Godwin Emefiele had launched fresh plot against Bola Ahmed...

Imo Economy Under Threat as NLC Embarks on Strike

– Condemns Govt-Sponsored Disruption of its Election The bad state of Imo economy which has suffered tremendous set-back over insecurity attacks is set to worsen as the Nigeria Labour Congress (NLC) in the state has embarked on strike. The state...

Equity Market Maintains Bullish Trend as Capitalisation Rises by 0.48%

The NGX All-Share Index and Market Capitalization appreciated by 0.48% to close last week at 55,794.51 and N30.395 trillion respectively, the Nigerian Exchange announced in its weekly report ended March 10, 2023. The report stated that a total turnover of...

Transcorp Hotels Plc: Cost Pressure Plagues Returns

March 11, (THEWILL) - Transcorp Hotels Plc 2022 full year (FY) performance was impacted by the inflationary environment that saw the hospitality key player trudge under costs pressure. The Group’s N4.5 billion profit before tax (PBT), a 172 percent increase...

Seplat Energy Appoints Acting CEO as Brown Steps Down

March 10 (THEWILL) - Seplat Energy said Friday its chief operating officer, Samson Ezugworie, has been asked to take over as the chief executive officer of the oil & gas company. The decision followed an interim order of a judge,...

Court Bars Seplat Energy CEO From Management Activities

March 10, (THEWILL) - A Federal High Court in Lagos Wednesday issued an interim order restricting the Chief Executive Officer (CEO) of Seplat Energy, Roger Brown, from everyday running and management of the company. The court also restricted Mr...

Dangote Cement Set For Another Share Buyback – Third in Two Years

March 09, (THEWILL) - Dangote Cement Plc announced Wednesday that the Securities and Exchange Commission (SEC) had validated the move for the launch of its share repurchase transaction – the third in less than three years. This reaffirms the...

PwC Fined $8.9m For ‘Serious Breaches’ On Babcock Audits

March 09, (THEWILL) - Britain's auditing watchdog has imposed a 7.5 million pound ($8.9 million) penalty on PwC (PriceWaterhouseCoopers) for "serious breaches" found in audits of engineer Babcock International (BAB.L), Reuters said on Wednesday, quoting the regulator. The Financial...

FG Revokes Seplat CEO’s Work Permit, Visa, Resident Permit Over Alleged Anti-Nigerian Workers Conduct

March 09, (THEWILL) - The Nigerian government has revoked the Work Permit, Visa, and Residence Permit of the Chief Executive Officer (CEO) of Seplat Energy PLC, Mr. Roger Brown, over allegations of racism, favouring of foreign workers, and...

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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