Sam Diala, THEWILL

Nine Ships Arrive Lagos Ports with Petroleum Products, Others

May 18, (THEWILL) — No fewer than nine vessels have berthed at the Lekki, Tin-Can Island, and Apapa ports in Lagos State, awaiting clearance to discharge petroleum products including Premium Motor Spirit (petrol), aviation fuel, diesel, gasoline, and bulk...

Tony Elumelu Set to Join Seplat Board After $500m Stake

May 18, (THEWILL) — Multi-billionaire chairman of United Bank for Africa (UBA) Plc, Mr. Tony Elumelu, is expected to be formally elected to the board of Seplat Energy Plc on Wednesday, May 20, 2026, as shareholders gather virtually for...

Fidelity Bank’s Stock Surges 20.5% Following Record FY2025 Performance

May 18, (THEWILL) — Fidelity Bank Plc's shares experienced a significant increase of 20.5 percent (Year-to-Date) on the Nigerian Exchange (NGX) at the conclusion of trading on Friday, May 15, 2026. This highlights the rush among investors for the...

Concern Grows Over NNPCL’s Latest Refinery Revamp Plan

May 17, (THEWILL) — The recent declaration by the Nigerian National Petroleum Company Limited (NNPCL) regarding its new agreement with Chinese companies to restore two of the country's long-neglected refineries has raised concerns among stakeholders and the general public. The...

PenCom Grants PFAs Approval to Invest in Dangote Refinery

May 17, (THEWILL) — The National Pension Commission (PenCom) has granted Pension Fund Administrators (PFAs) special regulatory approval to invest pension assets in the planned Initial Public Offering of Dangote Petroleum Refinery & Petrochemicals FZE, waiving some of the...

10 Strategic Takeaways from FCMB Group’s FY 2025 Unaudited Financial Results

May 11, (THEWILL) — FCMB Group Plc had disclosed that it might experience delays in publishing its FY 2025 Audited Financial Statements on the Nigerian Exchange ahead of the March 31, 2026, deadline. In a notice filed on The...

NIBSS Upgrades Propel e-Transaction Surge, Boosting Banks and Fintech Digital Revenues

May 10, (THEWILL) — Nigerian banks, fintech platforms, and customers are enjoying the advantages of strategic commitments made by the Nigeria Inter-Bank Settlement System (NIBSS) in developing a world-class e-payment system. NIBSS is a shared service payment infrastructure company that...

Senate Confirms Umar as NMDPRA CEO, Pledges Operational Stability

May 07, (THEWILL) — The Senate has confirmed Rabiu Umar as Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority following his screening on Tuesday, May 5, 2026, during which lawmakers commended his professionalism, depth of industry...

Zero-interest Loans: SheVentures Opens Applications for Women Entrepreneurs

May 07, (THEWILL) — First City Monument Bank (FCMB), the flagship banking arm of FCMB Group, has opened a new round of applications for its SheVentures proposition, offering zero-interest loans of up to N10K million to women entrepreneurs to...

UBA, Redtech, MoMo PSB Expand Merchant Payment Access Across Nigeria

May 05, (THEWILL) — United Bank for Africa (UBA), Redtech, and MoMo PSB have launched a payment interoperability partnership that expands cardless payment access for consumers and merchants across Nigeria. Redtech is backed by Heirs Holdings; MoMo PSB is...

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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