April 16, (THEWILL) - Guaranty Trust Holding Company (GTCO) recorded a drop in profit after tax of N169.2 billion in 2022 from N174.8 billion in the corresponding period, according to the lender’s audited earnings report issued on Friday.
This represents...
April 15, (THEWILL) – Nigeria’s annual inflation rate rose for the third straight month to 22.04 per cent in March from 21.91 per cent in the previous month, the National Bureau of Statistics (NBS) said Saturday.
The statistics office...
April 14, (THEWILL) - Fidelity Bank has sold a 10.4 percent controlling stake in the financial institution through private placement..
The disposed controlling stake worth N13.97 billion was sold to two unnamed investors.
According to a statement released by the bank...
April 14, (THEWILL) – The Central Bank of Nigeria (CBN) has issued a warning to the public regarding a fake recruitment portal that has been circulating.
The portal has been fraudulently inviting eligible members of the public to submit...
April 13, (THEWILL) - Billionaire businessman, Mr. Femi Otedola has bought 5.5 percent stake in Transnational Corporation Plc (Transcorp), quoted under the tourism sector of the Nigerian Exchange (NGX).
With this stake, Otedola has emerged the largest single individual shareholder...
April 12, (THEWILL) - The Nigerian Ports Authority (NPA) has said that the inauguration of Lekki Deep Sea Port will end diversion of cargoes to neighbouring countries.
Before now, cargoes meant for Nigerian ports were diverted to neighbouring countries ...
April 12, (THEWILL) - The International Monetary Fund (IMF) Financial Counsellor and Director of the Monetary and Capital Markets Department, Tobias Adrian, has predicted that interest rates may remain high for some time as central banks battle with risks...
April 12, (THEWILL) – The International Monetary Fund (IMF) has said it spends about $640 billion annually on climate-related initiatives across the continents as 44 countries await to be considered for various programmes.
The IMF also urged national governments...
April 11, (THEWILL) - Unilever Nigeria Plc says it is stopping the production of its popular home care brands as it struggles to sustain its operations in Nigeria’s tough operating environment.
The products affected include the legendary OMO, Sunlight and...
April 11, (THEWILL) - The Bureau of Public Enterprises (BPE) has signed a tripartite agreement to commence the re-concession of the Lagos International Trade Fair Complex (LITFC).
This is contained in a statement signed by BPE’s Head of Public Communications,...
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.
