Sam Diala, THEWILL

Zenith Bank Records Pre-tax Profit Of N320.194bn In Q1 2024

May 4, (THEWILL)- Zenith Bank Plc has released its unaudited financial results for Q1 2024, revealing a pre-tax profit of N320.194 billion. This represents a notable 269.72% surge compared to the previous year. Additionally, this figure accounts for 40.23 %...

Telecoms: NCC’s Strong Regulation Boosts Revenue For Govt, Banks as Taxes, Commissions widen

April 29, (THEWILL)- The effective regulation off the telecommunication (telecom) sector by the Nigerian Communications Commission (NCC) has strengthened the operators towards effective e-services that boost government and financial services revenue through taxes and levies. A look at the performance...

FirstBank Emerges Best Private Bank in Nigeria, Best Private Bank For Sustainable Investment in Africa at Global Finance Awards

April 28, (THEWILL)- First Bank of Nigeria Limited, West Africa’s premier financial institution and leading financial inclusion services provider, announced its recognition as the Best Private Bank in Nigeria and Best Private Bank for Sustainable Investment in Africa at...

Food Insecurity to Worsen Agric GDP Decline in 2024

April 28, (THEWILL)- Nigeria’s rising headline inflation rate has been driven by high cost of food. This has been the trend for a long time now, culminating in the latest inflation surge of 33.2 percent in March 2024, up...

N30trn Ways And Means: Senate’s Financial Probe Exceeds Deadline, Rolls Into Eight Weeks

April 28, (THEWILL)- The Senate’s probe of N30 trillion Ways and Means loan obtained by the Muhammadu Buhari Administration from the Central Bank of Nigeria (CBN) has snowballed into eight weeks, against the scheduled four weeks deadline for a...

CBN Disowns Notice On Cryptocurrency Transactions

April 25, (THEWILL) - The Central Bank of Nigeria (CBN) says a notice circulating on social media about the risk of cryptocurrency did not originate from it and, therefore, is fake news. The CBN disclosed this via its official X...

Nigeria’s External Debt Servicing Rose By 55% To $3.5bn In 2023

April 24, (THEWILL) - Nigeria’s external debt servicing hit $3.5 billion in the fiscal year that ended December 31, 2023, according to data from the Central Bank of Nigeria (CBN). The data is contained in the latest CBN’s Quarterly...

MRS Oil Seeks Shareholders’ Approval To Delist From NGX

April 23, (THEWILL) - The Board of MRS Oil Nigeria Plc will, at the company’s Extraordinary General Meeting (EGM) scheduled for May 21, 2024, request shareholders’ endorsement to voluntarily delist from the Nigerian Exchange Limited (NGX). The decision to exit...

Air Peace Maiden London Flight: Govt. Collected Over N134m in Taxes From Passengers

April 22, (THEWILL)- The Nigerian government and its agencies amassed over N134.78 million as taxes on the fully booked maiden London flight of Air Peace Airline on Saturday, March 30, 2024  -- investigation has shown. The amount which comprises ‘Taxes’...

Transcorp Hotels Divests 100% Interest in Calabar Subsidiary to Eco Travels And Tours Limited

April 21, (THEWILL)- Transcorp Hotels Plc, the hospitality subsidiary of Transnational Corporation Plc has announced the divestment of its 100% interest in Transcorp Hotels Calabar Limited to Eco Travels and Tours Limited, an indigenous hospitality company. This was contained in...

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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