Business

August 10, (THEWILL) — The Nigeria Deposit Insurance Corporation has disbursed the sum of N54.62 billion to 691,418 depositors of the defunct Heritage Bank and also declared a liquidation dividend of 9.2 kobo per naira to uninsured depositors. This was...

• Revenue: ₦23.76 billion, up by 57% year-on-year. • Profit After Tax (PAT): ₦11.89 billion, up by 54% year-on-year. • Profit Before Tax (PBT): ₦13.79 billion, up by 52% year-on-year.   • Interim dividend: ₦5.4 billion (₦0.30 per 50kobo ordinary share). • 5-Year Profit...

August 04, (THEWILL) — Transcorp Hotel Plc (a subsidiary of Transnational Corporation Plc) recorded impressive results in H1 2025 on strong performance ratios that pushed revenue up by 60 percent. This is amid economic headwinds characterized by high inflation, increased...

August 03, (THEWILL) — Ecobank Transnational Incorporated, a Pan-African bank operating across 33 African countries, has released its unaudited Q2 2025 financial results for the period ended June 30, 2025, posting a pre-tax profit of N352.92 billion. This represents a...

August 03, (THEWILL) — The transformation initiatives at the Nigeria Inter-Bank Settlement System (NIBSS) towards revolutionising the country’s payment landscape is central to the expansion of the economy driven by the services sector. Nigeria’s economy expanded by 3.13 percent year-on-year...

August 02, (THEWILL) — The Dangote Petroleum Refinery and Petrochemicals has appointed David Bird, the former head of Oman’s Duqm Refinery, as its new Chief Executive Officer (CEO). According to S&P Global, the appointment which took effect from July 2025,...

July 30, (THEWILL) — Transnational Corporation Plc (Transcorp Group), one of Nigeria’s leading listed conglomerates, has posted impressive financial results for the half-year ended June 30, 2025, demonstrating sustained growth across its diversified portfolio. According to the unaudited financial statement...

July 30, (THEWILL) — FirstBank, the West African premier financial institution and financial inclusion services provider, has emerged as Nigeria’s Best Bank for Environmental, Social, and Governance (ESG) at the prestigious Euromoney Awards for Excellence 2025, held recently in...

July 28, (THEWILL) — Total disbursements from the Federation Account Allocation Committee (FAAC) to the 774 local government areas (LGAs) in Nigeria’s 36 states increased by N1.32 trillion to reach N2.50 trillion (year-on-year) as of June 30,2025. This constitutes a 111.81...

July 28, (THEWILL) — Former spokesperson for Atiku Abubakar's 2023 presidential campaign, Otunba Segun Sowunmi, has criticised former Senate President David Mark for his claim that only the African Democratic Congress (ADC) can solve the insecurity and other challenges...