The impact of severe flood and massive oil theft that put Nigeria on the spotlight of economic devastation last year, contributed to the poor Gross Domestic Product (GDP) for 2022. The National Bureau of Statistics (NBS) in its 2022...
March 03, (THEWILL) - Transcorp Hotels Plc, a leading hospitality brand, has reported its financial results for the full year 2022.
The Group reported a profit before tax (PBT) of N4.5 billion, a 172 percent increase year-on-year, having...
March 01, (THEWILL) - Following anticipatory approval by the Central Bank of Nigeria (CBN), Nigeria’s largest bank by market capitalisation, Zenith Bank Plc, is set to unveil its new status as a financial holding company (HoldCo) with founder...
A number of Nigerian universities have appointed the immediate past Minister of State Petroleum Resources, Dr. Emmanuel Ibe Kachikwu, as a visiting Professor of Law. These include the University of Benin, Benin-City; Baze University, Abuja; Afe Babalola University, Ado-Ekiti,...
Nigeria’s equity market gained N2.02trn, year-to-date, at the close of trading on February 24, 2023, the eighth week of trading in the year.
Market capitalisation which opened with 29.93 trillion on January 4, closed N27.91 trillion on February 24, representing...
Shareholders of Nigeria’s quoted companies and industry experts have reacted to the recent policy by the Central Bank of Nigeria (CBN) on a new tenure limit for banks’ executive management and non-executive directors which unseat prominent industry players.
The apex...
February 25, (THEWILL) - New guidelines issued by the Central Bank of Nigeria (CBN) on the tenure of Executive Management and Non-Executive Directors of banks and financial institutions have sent some top bank executives on immediate retirement.
The guidelines, contained...
February 24, (THEWILL) - The Central Bank of Nigeria (CBN) has appointed Dr Isa Abdulmumin as the Acting Director of Corporate Communications Department of the apex bank.
Abdulmumin’s appointment followed the retirement of Mr Osita Nwanisobi as the Director.
Dr. Abdulmumin,...
Inflation in Nigeria
The inflation rate for consumer prices in Nigeria moved over the past 62 years between -3.7 per cent and 72.8 per cent. During the observation period from 1960 to 2022, the average inflation rate was 16.1 per...
The chairman of Aba Power Ltd, Professor Bart Nnaji, has directed the company to allow electricity consumers who want to stagger their payment for prepaid meters to do so with immediate effect.
This fact was made known this morning by...
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.
