April 29, (THEWILL) – Zenith Bank Plc has announced its unaudited results for the first quarter ending 31st March 2023, with an exceptional double-digit growth of 41% in Gross Earnings, increasing from ₦191.5 billion in Q1 2022 to ₦270...
April 28, (THEWILL) - Billionaire businessman, Femi Otedola, has divested his newly acquired stake in Transnational Corporation of Nigeria (Transcorp) to Chairman Tony Elumelu, sources said on Friday,
This rests the scramble for the top ownership of the group.
The billionaire...
April 27, (THEWILL) - Tony Elumelu, the chairman of Transnational Corporation Plc (Transcorp), has acquired fresh 9.7 billion shares in separate deals in recent days, company documents revealed on Thursday.
The businessman turned the tables on the conglomerate’s two...
April 27, (THEWILL) - Fidelity Bank Plc, a leading financial institution, released its 2022 Audited Financial Statements on the Nigerian bourse Thursday.
The results showed a 34.4% growth in Gross Earnings YoY to N337.1bn, driven by 45.2% growth in...
April 26, (THEWILL) - The Nigerian Exchange Group Plc (NGX Group) has announced the award of the EDGE certification to it.
By this, the organisation becomes the first exchange group globally and the first indigenous Nigerian organisation to be EDGE...
April 26, (THEWILL) - The Nigerian National Petroleum Company Limited (NNPC Ltd) says it has so far spent over $1.1 billion on the ongoing construction of the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline and Station project from its cash-flow.
The NNPC Limited...
April 26, (THEWILL) – Transnational Corporation (Transcorp) recorded a 63 percent decline in profit after tax to N3.2 billion in the first quarter (Q1) of 2023 compared to the corresponding period in 2022.
A look at the firm’s unaudited financial...
April 26, (THEWILL) – After losing N2.3 trillion revenue to oil theft in 12 months, Nigeria, Africa’s largest economy, has secured a $800 million facility from the World Bank to cushion the effects of the planned oil subsidy removal...
April 26, (THEWILL) – The Federal Government Tuesday announced that it had begun disconnection of some power companies from the national grid due to their “non-compliance” with the Electricity Market Rules.
The announcement came four days after most parts...
April 25, (THEWILL) – Nigeria’s total annual upstream capital expenditure decreased by 74 percent from $27 billion in 2014 to less than $6 billion in 2022, according to Oilprice.com.
The leading energy news site revealed also that Nigeria’s yearly capital...
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.
Describing the allegations as entirely false, Adedeji said they were the handiwork of individuals determined to discredit him and weaken public confidence in the Tinubu administration.
