Sam Diala, THEWILL

Nigerian Banks Closed 234 Branches, 649 ATMs In 2020 — IMF

November 02, (THEWILL) - The International Monetary Fund (IMF) has said that Nigerian banks closed 234 branches and 649 Automated Teller Machines (ATMs) in 2020. This led to a decline in the country’s Financial Access Score (FAS) to 4.44 in...

Scramble Abates as FBNH Stocks Remain Investors’ Toast

November 02, (THEWILL) - The scramble for FBNH shares which upstaged the equity market in  recent weeks abated Monday with the price of the Tier-1 financial services Group closing at N10.75 per share on the first trading day of...

CBN Unveils Criteria for ‘100-for-100 PPP’

November 01, (THEWILL) - Exactly six days after it launched Nigeria’s digital currency, eNaira, the Central Bank of Nigeria (CBN) on Monday unveiled the selection criteria for private sector companies to participate in its new financial instrument tagged, “The...

Airtel Africa Records $335m PAT In H1 21

November 01, (THEWILL) - Airtel Africa plc has recorded Profit After Tax (PAT) more than doubled to $335m, in its results for half year ended 30 September 2021. The figure, according to the company, is largely due to higher profit...

Guinness Nigeria Reports 58% Revenue Increase In Q1 F22

November 01, (THEWILL) - Guinness Nigeria, a subsidiary of Diageo Plc, and a leading total beverage alcohol company in Nigeria has posted a revenue of N47.46 billion for its first quarter period ended 30 September 2021. The unaudited results, which...

Over 128m Bank Accounts Secured Amid Digital Disruptions – NDIC

October 31, (THEWILL) - The emerging digital disruptions in the global financial ecosystem pose no threat to the over 128 million bank accounts in Nigeria, the Nigeria Deposit Insurance Corporation (NDIC) has said. According to the Corporation, the accounts in...

FBN Holdings Appoints Nnamdi Okonkwo Holdco MD As UK Eke Retires

October 28, (THEWILL) - The Board of FBN Holdings Plc has announced that Mr. U.K. Eke, MFR, is to retire as Group Managing Director, FBNHoldings following the successful completion of his two-term tenure and his Notice of Retirement which...

NDIC Reiterates Adequate Coverage for Depositors’ Funds

October 27, (THEWILL) - The managing director and chief executive officer of the Nigeria Deposit Insurance Corporation (NDIC), Bello Hassan, has said that adequate insurance coverage has been made for depositors’ funds with Nigeria banks. He also emphasised that the...

State Of The States: Ekiti State

October 25, (THEWILL) - Ekiti State in the Southwest region of Nigeria was created on 1 October 1996.  It was carved out of old Ondo state with Ado-Ekiti as the capital and major city. It lies in the Yoruba Hills,...

Entrepreneurs Hail Bank of Industry on UN Agency Deal

October 24, (THEWILL) - Some Nigerian entrepreneurs have commended the Bank of Industry (BoI) for signing the sustainable banking deal with a United Nations agency. The United Nations Principles for Responsible Banking was recently signed with BoI to drive development...

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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