Sam Diala, THEWILL

Nigeria Customs Announces Resumption of Cargoes Clearing at Cotonou Border

September 13, (THEWILL) – The Nigerian government announced Tuesday that Nigerian importers would soon be free to legally import their goods from the ports in Cotonou, Benin Republic. The acting Comptroller-General of the Nigeria Customs Service (NCS), Bashir Adeniyi,...

NUPRC Announces Successful Bidders for Gas Flare Commercialisation Programme

September 13, (THEWILL) – The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced the outcome of the bidding exercise for the Nigerian gas flare commercialisation programme. in line with the. In a statement signed by its management on Tuesday,...

NCDMB, PTI to Collaborate on Capacity Development Mandates

September 13, (THEWILL) - Wabote named Fellow, Petroleum Training Institute The Nigerian Content Development and Monitoring Board (NCDMB) and Petroleum Training Institute (PTI), Effurun, Delta State, are set to formalise processes for closer collaboration to actualise...

HY 2023: UBA Records Phenomenal 3-Digit Growth in Topline, Bottomline, Key Metrics With N404bn PBT

September 12, (THEWILL) – Africa’s Global Bank, United Bank for Africa (UBA) Plc, delivered an outstanding performance for the half year ended June 30, 2023, as announced in its audited financial report. The results released to the Nigerian...

Shocker: CBN Restrains Banks from Reaping Bountiful Harvests of Forex Revaluation Windfall

September 12, (THEWILL) - The Central Bank of Nigeria (CBN) has moved to stop the deposit money banks from spending the massive gains from the recent forex revaluation which has exceedingly bolstered the treasury and balance sheets of the...

FTSE Russell Downgrades Nigeria to Unclassified Market Status

September 11, (THEWILL) – The Financial Times Stock Exchange (FTSE), also known as FTSE Russell Group, has announced the downgrading and reclassification of Nigeria’s Exchange from Frontline to Unclassified Market with effect from Monday September 18, 2023. In an...

Zenith Bank Grows Half-Year Post-Tax Profit By 161.8% to N291.73bn

September 11, (THEWILL) – Zenith Bank Plc has reported a 161.8 percent growth in its 2023 half-year profit after tax to N291.73 billion from N111.41 billion in the corresponding period of 2022. The Tier-1 bank also posted a significant...

Key Takeaways From GTCO Plc HY 2023 Results

September 10, (THEWILL) - Guaranty Trust Holding Company Plc (GTCO) stunned industry watchers with a superlative performance in the 2023 half year. It exceeded analysts’ forecasts in all parameters that account for growth and excellence. Although this is attributed largely...

NNPC Denies Opposing Sale of NAOC Shares to Oando

September 7, (THEWILL) – The Nigerian National Petroleum Company (NNPC) Limited has denied reports that it is opposed to the sale of the shares of Nigerian Agip Oil Company Limited (NAOC) to Oando Plc. The clarification follows media...

Agip-Oando Acquisition Deal Suffers Setback As NNPCL Moves to Invalidate Transaction

September 6, (THEWILL) – The recent agreement by Oando Plc with Eni to acquire 100 percent stake in its (Eni’s) subsidiary – Nigerian Agip Oil Company (NAOC) Limited – may have suffered a setback as the Nigerian National Petroleum...

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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