Sam Diala, THEWILL

Nigerian Breweries Plc: Directors’ Pay Climbs to N685m Amid 27% Profit Slump

The remunerations of Nigerian Breweries Plc directors rose to N684.9 million in 2022, from N612.1 million the corporate governance chiefs collectively received in the previous year. This represents a 12 percent rise in a year the company suffered a...

Group Decries Media Attacks, Faults Allegations Against Seplat, CEO

March 16, (THEWILL) - A Non-Governmental Organisation (NGO), Empower Nigeria, has decried the spate of media attacks and image-smudging comments against the Chief Executive Officer, Seplat Energy Plc, Mr Roger Brown, bordering on claims of engaging in anti-Nigerian workers’...

Nigeria Spent N71.5bn on Palm Oil Imports in 2022

Nigeria spent N71.5 billion on the importation of palm oil in 2022, according to the National Bureau of Statistics (NBS). This was 28 percent lower than N98.7 billion recorded in the previous year. Palm oil falls under the nation’s foreign...

Nigeria’s Inflation Rate Soars Higher to 21.91% in February

March 15, (THEWILL) - Nigeria’s inflation rate inched further north hitting 21.91percent in February 2023 against 21.81 percent earlier in January, the National Bureau of Statistics (NBS) said Wednesday. This represents an increase of 0.09 points when compared...

Cash Crunch: Expert Predicts Drop in Q1 Nominal GDP

March 15, (THEWILL) - Former CEO, National Bureau of Statistics (NBS) and Statistician-General of Nigeria, Dr Yemi Kale, has predicted that Nigeria’s nominal Gross Domestic Product (GDP) in first quarter (Q1) of 2023 will drop by as much...

Eroton Remains Operator of OML-18, Says Management

March 15, (THEWILL) - Eroton Exploration and Production Company Limited has reiterated that it remains the Operator of OML-18 in line with the provisions of the JOA, adding that any dispute whatsoever between the parties are reserved exclusively...

CBN Debunks Fake News Entitled ‘Re- Emefiele Launches Fresh Plot Against President-elect Tinubu’

March 13, (THEWILL) - The Central Bank of Nigeria (CBN) has debunked a story published in The Nation newspaper on Monday, March 13, 2023 alleging that the CBN Governor, Mr Godwin Emefiele had launched fresh plot against Bola Ahmed...

Imo Economy Under Threat as NLC Embarks on Strike

– Condemns Govt-Sponsored Disruption of its Election The bad state of Imo economy which has suffered tremendous set-back over insecurity attacks is set to worsen as the Nigeria Labour Congress (NLC) in the state has embarked on strike. The state...

Equity Market Maintains Bullish Trend as Capitalisation Rises by 0.48%

The NGX All-Share Index and Market Capitalization appreciated by 0.48% to close last week at 55,794.51 and N30.395 trillion respectively, the Nigerian Exchange announced in its weekly report ended March 10, 2023. The report stated that a total turnover of...

Transcorp Hotels Plc: Cost Pressure Plagues Returns

March 11, (THEWILL) - Transcorp Hotels Plc 2022 full year (FY) performance was impacted by the inflationary environment that saw the hospitality key player trudge under costs pressure. The Group’s N4.5 billion profit before tax (PBT), a 172 percent increase...

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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Tinubu Doesn’t Live Large — NRS Boss Fires Back At Critics, Says President Walks To Work, Eats Once Daily, Debunks $279m Fraud Allegation

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.
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