Sam Diala, THEWILL

Guaranty Trust Holding Mulls $750m Capital Raise

April 14, (THEWILL)- Guaranty Trust Holding Plc (GTCO) is intending to seek shareholder approval next month to raise up to $750 million in capital. This initiative aligns with the efforts of other banks to bolster capital reserves in order to...

Agric Goods: Nigeria Imports N711.14bn, Exports N463.9bn in Q4 ’23

April 14, (THEWILL)- Notwithstanding the huge opportunity provided by the massive devaluation of the naira, Nigeria’s import of agricultural goods have continued to rise against the value exported. Economic experts identify increase in export of locally produced commodities as a...

How Zenith Bank Plc Built N20.36trn Balance Sheet in 2023 – Set For Holding Structure

April 14, (THEWILL)- Zenith Bank Plc, Nigeria’s most capitalised financial services institution (N1.3 trillion), took a huge advantage of its industry leadership to build a historic balance sheet of N20.36 trillion in 2023. The quantum leap in the group’s...

Zenith Bank To Pay N109bn Dividend As Post-Tax Profit Soars 194.2% To N676.91bn

April 9, (THEWILL) - The shareholders of Zenith Bank would get about N109.88 billion as dividends for the 2023 financial year as its profit after tax hit N676.91 billion. This was disclosed in the annual report, which was filed...

UBA Group Record N607bn Profit Buoyed By Higher Interest Income, Fx Gains

April 9, (THEWILL) - Africa’s global financial institution, the United Bank for Africa (UBA) Plc, has reported its audited accounts for 2023, revealing gross earnings of N2 trillion, a significant increase from N835 billion just a year earlier. This...

GTCO Grows FY Pre-Tax Profit By 184.5% To N609.3bn

April 9, (THEWILL) - Guaranty Trust Holding Company Plc (GTCO), has reported profit before tax (PBT) of N609.3 billion, representing an increase of 184.5 percent over N214.2 billion recorded in the corresponding year ended December 2023. This was disclosed...

NGX Group GMD, Temi Popoola Elected Chairman Of CSCS

April 8, (THEWILL) - The Group Managing Director/Chief Executive Officer of the Nigerian Exchange Group (NGX Group), Mr. Temi Popoola, has been elected as the Chairman of Central Securities Clearing System (CSCS) Plc, effective April 1, 2024, succeeding...

FBN Holdings To Seek Shareholders’ Approval To Raise N300bn Capital

April 8, (THEWILL) - First Bank Holdings Plc will seek shareholders’ approval to raise N300 billion in additional capital at the group’s Extraordinary General Meeting (EGM) scheduled to hold virtually on Tuesday, April 30, 2024. This was contained in...

Access Bank Unveils Ground-Breaking Digital Platform to Boost Convenience, Security

April 7, (THEWILL)- Access Bank Plc, a leading institution in the Nigerian financial sector, has unveiled its innovative offline banking platform, www.901.ng to provide customers an additional digital channel to manage and carry out uninterrupted daily transactions. With this innovative...

Q1 2024: Equities Market Rewards Investors With N18.2tr Gain on ASI 39.83% Growth

April 7, (THEWILL)- Nigeria’s equities market closed the first quarter of the year March 28, 2024 on a resounding note of significant growth as investors counted huge gains. Data by the Nigerian Exchange (NGX) showed that market capitalisation hit N59.12...

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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