Sam Diala, THEWILL

N159TRN DEBT AND COUNTING: Nigeria’s Excessive Borrowing, Weak Revenue, Threatens Survival…

April 26, (THEWILL) — President Bola Ahmed Tinubu’s recent request for the Senate’s approval of a $516.3 million-dollar syndicated loan to finance key segments of the Sokoto-Badagry Superhighway, has sent ripples of concern among well-meaning citizens. When approved (as...

UBA Total Assets Grow By 9.4%, Repositions Balance Sheet For Sustainable Growth

April 24, (THEWILL) — Africa’s Global Bank, United Bank for Africa (UBA) Plc, has announced its audited financial results for the year ended December 31, 2025, recording total assets growth of 9.4 percent to ₦33.2 trillion, up from...

CBN Increases ATM Card Issuance Fee To ₦1,500

April 24, (THEWILL) — The Central Bank of Nigeria, CBN, has increased the fee for issuance and replacement of Automated Terminal Machine (ATM) debit/credit cards to ₦1,500 from ₦1,000, reflecting a 50 percent increase. Additionally, the apex bank also scrapped...

Wema Bank Meets CBN Recapitalisation Requirements For National Licence

April 21, (THEWILL) — Wema Bank Plc has met and surpassed the Central Bank of Nigeria (CBN) requirements for national licence operations. The financial services institution in a statement, said this reinforces its position as a national bank...

Stanbic IBTC Holdings’ Post-Tax Profit Jumps 69% To ₦380.8bn In 2025

April 21, (THEWILL) — Stanbic IBTC Holdings Plc has released its audited 2025 financial statements, reporting a post-tax profit of ₦380.8 billion, representing a 69% increase from ₦224.31 billion achieved in 2024. The company’s pretax profit hit ₦551.7...

NCC, CBN Sign MoU For Consumer Safety, Inaugurate Committees For Protection Against Fraud

April 21, (THEWILL) — The Nigerian Communications Commission (NCC) and the Central Bank of Nigeria (CBN) have signed a Memorandum of Understanding (MoU) that both organisations said would safeguard consumers against fraud while opening opportunities for them to...

Nigeria’s Markets Gain Credibility As Exit Route For Investors – Popoola

April 21, (THEWILL) — Nigeria’s capital markets are beginning to establish credibility as a viable exit route for institutional investors, the Group Managing Director and Chief Executive Officer of Nigerian Exchange Group, Temi Popoola, said, citing recent transactions...

GTCO Holdings’ Revenue Haul Highlights Post-Recapitalization Strategic Expansion

April 20, (THEWILL) — GTCO Holdings Plc recorded a robust revenue performance in 2025, clearly indicating its strength during a year characterised by stricter regulatory reforms and competitive recapitalisation efforts, as the Group prepares for the next stage of...

Zenith Bank Foreign Subsidiary Profits Climb 24.67% to N116.43bn in 2025

- Group Surpasses N30trn Assets Mark April 19, (THEWILL) — Zenith Bank Plc's offshore subsidiaries reported a combined post-tax profit of N116.43 billion in 2025, representing an increase of N23 billion, compared to the N93.39 billion achieved in the previous...

NDIC Finalising Liquidation of 89 Defunct Microfinance, Mortgage Banks

April 19, (THEWILL) — The Nigeria Deposit Insurance Corporation (NDIC) has commenced the final phase of winding down 89 defunct Microfinance Banks (MFBs) and one Primary Mortgage Bank (PMB), following their successful resolution under the Purchase and Assumption (P&A)...

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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