Sam Diala, THEWILL

February Inflation Rate Rises To 15.70% Amid Fuel Shortages

March 15, (THEWILL) - Nigeria’s inflation rate has resumed its upward trajectory as it rose to 15.70 percent in February after recording a fall in January. This is coming on the heels of a lingering fuel crisis, which has seen...

Nigeria’s Oil Production Suffers Setback – As Blast Cuts Production By 25,000 BPD

March 14, (THEWILL) - Eni, the parent company of Nigerian Agip Oil Company (NAOC) on Monday, declared a Force Majeure on expected oil output at its Brass terminal in Yenagoa. The declaration means a shortfall of 25,000 barrels of crude...

State Of The States: Adamawa State

March 14, (THEWILL) - Adamawa is a state in northeastern Nigeria. It was created from old Gongola State in August 1991. Its capital and major town is Yola. The state lies between 8O0 N and 11N and longitude 11.50 and...

State Of The States: Ebonyi State

March 14, (THEWILL) - Ebonyi State is in Nigeria’s south-east region. It was created in 1996, carved out of both Enugu and Abia States with Abakaliki, the largest city, as the capital. It is bordered by Benue State in the...

UBA Subsidiaries Pool N1.1trn Revenue in 5 Years

...As Total Assets Cross N8trn Mark March 13, (THEWILL) - Subsidiaries of the United Bank for Africa (UBA) Plc – the offshore operating segments of Africa’s Global Bank – collectively generated over N1trillion Revenue in five years (2017-2021), data from...

Seplat Clarifies NNPC’s Pre-Emption Right On ExxonMobil Assets Acquisition 

March 08, (THEWILL) - Seplat Energy says it has not cancelled its Exxonmobil deal. The company made the clarification in a press release on Monday. “Seplat Energy wishes to clarify that the Sale and Purchase Agreement (SPA), earlier announced February 25,...

FY 2021: UBA Posts 20.3% Rise In Pre-Tax Profit To N153.1bn

March 06, (THEWILL) - Africa’s Global Bank, United Bank for Africa (UBA) Plc, has announced an impressive performance in key financial parameters of its 2021 full year report for the period ended December 31, 2021. The Tier-1 bank said in...

Zenith Bank Defies Headwinds, Grows Assets 60% in 5 Years

March 06, (THEWILL) - Zenith Bank Plc defied a challenging macroeconomic environment that witnessed the worst recession in a quarter of a century and exacerbated by the Coronavirus (COVID-19) pandemic, to grow its assets 60 percent within five years....

Seplat/ExxonMobil Deal Puts PIA to Test

March 06, (THEWILL) - Recent developments in the Seplat/ExxonMobil share acquisition deal have confirmed fears that the transaction might hit the brick wall of the Nigerian National Petroleum Company Limited (NNPC). Coming on the heels of the newly enacted...

Nestlé Nigeria Revenue Surges 22.6%, Posts N40bn Profit In 2021

March 02, (THEWILL) - Nestlé Nigeria Plc recorded a surge in its revenue stream as its profit after tax (PAT), also closed in the green in the 2021 financial year. In a statement published on Wednesday and made available to...

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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