Sam Diala, THEWILL

Electricity Tariff Hike: Consumers Pay More For Darkness as Businesses Shrink

April 7, (THEWILL)- Following the April 3, 2024 electricity tariff increase announced by the Nigerian Electricity Regulatory Commission (NERC), the Distribution Companies (DisCos) have instantly adjusted their billing template to reflect the new tariff. Consequently, electricity consumers will pay...

After Nine Years, Old Mutual Nigeria Sells 100% of Insurance Business to Emple Group

April 3, (THEWILL) - After nine years of existence since 2013, Old Mutual Nigeria has announced the sale of 100 percent of its stake in the General Insurance and Life businesses to the Emple Group. The Emple Group is...

Transcorp Group Demonstrates Robust Growth in FY 2023; Revenue Increases By 47.3%, PBT by 93.5%

April 3, (THEWILL)- Transnational Corporation Plc (“Transcorp” or the “Group”), Nigeria’s leading listed conglomerate, announces its financial results for the year ended December 31, 2023.   The Group achieved substantial growth in its financial indicators, reinforcing its market leadership and strategic...

Lagos Mulls Pro-Health Levy on SSBs to Boost Public Health

April 1, (THEWILL)- The Lagos State Government is considering a pro-health levy on Sugar-Sweetened Beverages (SSB) to boost public health and lower the rising non-communicable diseases (NCDs) burden. Commissioner for Health Prof. Akin Abayomi noted that an SSB levy would...

Heirs Technologies Set to Make Nigeria Africa’s Leading BPO Destination

April 1, (THEWILL)- As Nigeria strives to excel in the world of technology, Heirs Technologies, a subsidiary of the Tony Elumelu majority-owned holding company, has said it will make the country a leading Business Process Outsourcing (BPO) destination in...

Access Corporation Grows Assets by 78% to N26.68trn, Retains Grip on Industry Leadership

April 1, (THEWILL)- In an unyielding bid to maintain the lead in Nigeria’s banking industry space, Access Corporation Plc recorded a 78 percent growth in assets, which rose to N26.68 trillion in 2023 from N14.99 trillion in the prior...

Access Corporation Profit Soars by 300% to N612bn YoY

March 27, (THEWILL) - Access Corporation, Nigeria’s largest finance holding company has reported a profit after tax of N612.4 billion up 300% from the year before. This is the largest profit ever posted by the company and presided over...

EKEDC Debunks Sack of MD/CEO Tinuade Sanda

March 27, (THEWILL)- The board of Eko Electricity Distribution Company (EKEDC) has debunked media reports that its Managing Director/Chief Executive Officer (MD/CEO), Dr Tinuade Sanda, has been relieved of her duties. The EKEDC’s statement followed reports making the rounds that...

FEC Approves Release of N60bn From CBN for Youth-targeted SMEs

March 26, (THEWILL) - The Federal Executive Council (FEC) has granted its consent for the disbursement of N60 billion from the Central Bank of Nigeria via the Agric Small and Medium Enterprises Investment Scheme. This is aimed to boost...

Inflation-Targeting: CBN Hikes Interest Rate by 200bsp To 24.75%

March 26, (THEWILL) - In keeping with its inflation-targeting framework, the Central Bank of Nigeria (CBN), on Tuesday, raised the interest rate (also called monetary policy rate) by 200 basis points from 22.75 percent it put it last...

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.
1828 POSTS
0 COMMENTS