Sam Diala, THEWILL

Lagos Reduces Bus Fares By 50 Percent

July 31, (THEWILL) - Governor of Lagos State, Babajide Sanwo-Olu, has slashed the fares of state-owned buses by 50 per cent to cushion the effect of the fuel subsidy removal. Mr Sanwo-Olu announced this on Monday in a video shared...

Zenith Bank Retains Nigeria Best Commercial Bank, Best Corporate Governance Bank Awards At London Stock Exchange

July 31, (THEWILL) - It was double honours for Zenith Bank Plc at the London Stock Exchange as the bank was named the Best Commercial Bank in Nigeria for the third year running and Best Corporate Governance Bank,...

PenCom Denies Alleged ‘Millions of Dollars’ Estacodes Spent by its DG

July 30, (THEWILL) - The National Pension Commission (PenCom) has denied the allegations that its Director-General, Mrs Aisha Dahir-Umar, claimed millions of dollars in estacodes during the COVID-19 lockdown in 2020, describing the allegation as “outrageous falsehood and fiction”. The...

HY 2023: Dangote Cement Plc Records Profit Plunge Amid Sales Boom

July 30, (THEWILL) - Dangote Cement Plc reported a net loss of N113.6 billion on forex-denominated transactions January through June from N40.7 billion one year prior, its unaudited financial report issued on Friday showed. This was amid its...

Devaluation: Nigerian Breweries Posts Record HY 2023 Loss

July 30, (THEWILL) - Nigeria’s foremost brewer, Nigerian Breweries Plc sank to its first half-year loss in at least ten years and its heaviest since it started brewing beer 1949 in Lagos. The loss was recorded against the backdrop...

MTN Nigeria’s HY Profit Weakens 29% Despite Revenue Boom

July 30, (THEWILL) - Despite recording its biggest revenue on record, due to a boom in income from data, MTN Nigeria saw its bottom line for the first half of 2022 weakened by as much as 40...

Cadbury Nigeria Grows Revenue by N35bn in 6 Months

July 30, (THEWILL) - Following the approval of the unaudited financial statements of Cadbury Nigeria Plc by the Board of Directors, the Company has announced a turnover of N35.608 billion for the six-month period ended 30 June 2023. ...

CBN Tenure Limit: Adaora Umeoji Returns as Zenith Bank DMD

July 30, (THEWILL) - Dr. Adaora Umeoji, has been reappointed by the board of Zenith Bank Plc as the lender’s deputy managing director. The announcement was made in a notice filed with the Nigerian Exchange Limited (NGX) on Friday. The...

Fidelity Bank Plc: Stock Upgrade Excites Investors, Signals Robust HY Results

Impressed by the bullish run on the stock market in recent months, the Nigerian Exchange Limited (NGX) recently announced the reclassification of Fidelity Bank Plc from small price stock to medium price stock. The evaluation upgrade recognised the active contribution...

HY 2023: Transcorp Posts 39% Rise in Pre-tax Profit to N18.5bn

July 29, (THEWILL) - Transnational Corporation Plc (Transcorp Group) has released its financial results for the first half (H1) of the year ended June 30, 2023, recording commendable growth across all its major indices. In its financial report filed...

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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