Sam Diala, THEWILL

August 11, (THEWILL) — Predominant consumer goods firm, Nestle Nigeria Plc, experienced a strong rebound in the first half of 2025 after seeing sharp losses in 2023 and 2024 due to currency devaluation, and this is good news for...

August 10, (THEWILL) — Prominent economists, financial analysts and industry experts have reacted to the recent Q1 2025 Capital Importation report by the National Bureau of Statistics (NBS), which showed a significant increase of investment inflow to the Nigerian...

August 10, (THEWILL) — The Nigeria Deposit Insurance Corporation has disbursed the sum of N54.62 billion to 691,418 depositors of the defunct Heritage Bank and also declared a liquidation dividend of 9.2 kobo per naira to uninsured depositors. This was...

• Revenue: ₦23.76 billion, up by 57% year-on-year. • Profit After Tax (PAT): ₦11.89 billion, up by 54% year-on-year. • Profit Before Tax (PBT): ₦13.79 billion, up by 52% year-on-year.   • Interim dividend: ₦5.4 billion (₦0.30 per 50kobo ordinary share). • 5-Year Profit...

August 04, (THEWILL) — Transcorp Hotel Plc (a subsidiary of Transnational Corporation Plc) recorded impressive results in H1 2025 on strong performance ratios that pushed revenue up by 60 percent. This is amid economic headwinds characterized by high inflation, increased...

August 03, (THEWILL) — The recent statement by the Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPCL), Engr. Bashir Bayo Ojulari, that the state-owned refineries would not be sold, was most disappointing. This is...

August 03, (THEWILL) — Ecobank Transnational Incorporated, a Pan-African bank operating across 33 African countries, has released its unaudited Q2 2025 financial results for the period ended June 30, 2025, posting a pre-tax profit of N352.92 billion. This represents a...

August 03, (THEWILL) — The transformation initiatives at the Nigeria Inter-Bank Settlement System (NIBSS) towards revolutionising the country’s payment landscape is central to the expansion of the economy driven by the services sector. Nigeria’s economy expanded by 3.13 percent year-on-year...

July 28, (THEWILL) — Total disbursements from the Federation Account Allocation Committee (FAAC) to the 774 local government areas (LGAs) in Nigeria’s 36 states increased by N1.32 trillion to reach N2.50 trillion (year-on-year) as of June 30,2025. This constitutes a 111.81...

July 27, (THEWILL) — Nigeria’s rebased GDP puts the economy’s size at N372 trillion as of 2024 -- equivalent to US$244 billion at a recent exchange rate of N1,550/US$1. In USD terms, this constitutes a $266 billion slump in...