Sam Diala, THEWILL

Amray, Gumel, Others Named in Union Bank Board After Titan Takeover

June 02, (THEWILL) - Union Bank of Nigeria Plc has announced the appointment of Mr Mudassir Amray and Mr Farouk Mohammed Gumel as its new Chief Executive Officer (CEO) and Board Chairman/Non-Executive Director respectively, effective June 2, 2022. The appointments...

Titan Trust Bank Completes Takeover of Union Bank

June 02, (THEWILL) - Nigeria’s newest deposit money bank, Titan Trust Bank Limited (TTB), has brought to closure the deal enabling it to purchase a controlling stake in Nigeria’s second-oldest lender, Union Bank of Nigeria Plc, the latter said in...

Zenith Bank Redeems $500m May 2022 Eurobond

June 01, (THEWILL) - Zenith Bank Plc has announced the redemption of the balance of $107 million of its $500 million Eurobond Notes due May 30, 2022. In a statement to the Nigerian Exchange Limited (NGX) and signed by Micheal...

UBA Customers Win N16.6m in Super Savers Promo

May 31, (THEWILL) - Global Bank, the United Bank for Africa (UBA) Plc, has rewarded its loyal customers in the just concluded UBA Super Savers draw, giving out a total of N16.6m in cash prizes. A total of 48 customers...

Directors of 5 Major Insurance Firms Earned 45% Pay Rise in 2021

May 29, (THEWILL) - Despite the sluggish performance of the insurance sector in 2021, directors of five major insurance firms earned a 45 percent pay rise during the year, while shareholders’ dividend payout remained static. Nigeria’s 10 largest insurance...

GDP Q1 2022: Rapid Telecoms Growth Drives Emefiele’s Financial Inclusion Agenda

May 29, (THEWILL) - The exponential growth of the telecommunications (telecoms) industry which manifested after rebasing the economy in April 2014, accounts majorly for the recovery seen after the headwinds of COVID-19 and two recessions. The National Bureau of...

Equity Investors Earn Over N1trn Dividend in 12 Months

...Gain N632.8bn in One Week May 29, (THEWILL) - Investors in the Nigerian capital market earned over N1.1 trillion from dividend payout by companies listed on the NGX in the past year, The Nigerian Exchange Limited has said. In a statement...

FBNH 2021 Report Confirms Femi Otedola Majority Shareholder with 7.57% Ownership

May 27, (THEWILL) -Data from the 2021 FY Report of the FBNH Plc has confirmed that billionaire investor and chairman of Geregu Power Plant, Femi Otedola is officially the majority shareholder of FBN Holdings. The  audited financial statements of the bank...

Heirs Oil & Gas Reiterates Commitment to Global ESG Best Practices

May 27, (THEWILL) - Heirs Oil & Gas, Africa’s integrated energy company has reaffirmed its commitment to both national and global environmental, sustainability and governance (ESG) best practices in view of its upcoming operational 1-year anniversary. An important aspect of this commitment...

Financial Inclusion: 98% of Nigerian Women Out of Formal Credit Markets

May 25, (THEWILL) - Amid efforts to intensify financial inclusion, it has been revealed that about 98 per cent of Nigerian women are left out of formal credit markets. A new report by the Rockefeller Philanthropy Advisors Gender Centre of...

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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