Business

Business

VFD Group Posts N5.1bn Q1 Profit as Investment Income and FX Gains Lift Earning

Ogochukwu Onwaeze, THEWILL -
April 29, (THEWILL) — VFD Group Plc has reported a pretax profit of N5.1 billion for the first quarter ended March 31, 2026, marking a 25.99 percent increase from N4.1 billion recorded in the same period last year. The...
Business

Average Petrol Cost Rises 22.55% to ₦1,288/Litre in March — NBS

Felix Ifijeh, THEWILL -
April 29, (THEWILL) — The National Bureau of Statistics (NBS) has reported a sharp increase in the average retail price of Premium Motor Spirit (PMS), popularly known as petrol, with consumers paying an average of ₦1,288.54 per litre...
Business

Transcorp Power Shareholders Approve N4 Final Dividend, Total Payout Rises to N5.50

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Ogochukwu Onwaeze, THEWILL -
April 29, (THEWILL) — Shareholders of Transcorp Power Plc have approved a final dividend of N4 per ordinary share for the 2025 financial year at the company’s 13th Annual General Meeting (AGM) held on April 27, 2026. The resolution...
Business

Access Holdings Announces Retirement of Deputy Managing Director Chizoma Okoli

Ogochukwu Onwaeze, THEWILL -
April 29, (THEWILL) — Access Holdings Plc has announced the retirement of its Deputy Managing Director at Access Bank, Mrs. Chizoma Okoli, effective April 30, 2026, following the expiration of her tenure. The disclosure was made in a statement...
Business

NGX Rebounds As Market Capitalisation Rises By ₦3.21trn Despite Mixed Sentiment

Ogochukwu Onwaeze, THEWILL -
April 28, (THEWILL) — The Nigerian equities market reversed previous losses on Tuesday as bargain hunting in select stocks lifted key performance indicators on the Nigerian Exchange (NGX). Market capitalisation rose by ₦3.21 trillion, climbing from ₦143.97 trillion at the...
Business

UK–Nigeria Tech Hub Unveils Creative Fund To Boost Local Talent, Digital Capacity

Ogochukwu Onwaeze, THEWILL -
April 28, (THEWILL) — The UK–Nigeria Technology Hub has launched a new Creative Fund, opening applications for grants to address technical capacity gaps across Nigeria’s film, fashion and music industries. Announced in a statement by the UK’s Foreign, Commonwealth and...
Business

Zenith Bank Enters Côte d’Ivoire, Accelerates Francophone Africa Expansion

Ogochukwu Onwaeze, THEWILL -
April 28, (THEWILL) — Zenith Bank Plc has launched its Côte d’Ivoire subsidiary, marking a major step in its Pan-African expansion and a strategic push into Francophone West Africa. The new subsidiary, Zenith Bank Côte d’Ivoire, will be officially...
Business

Nigerian Breweries Posts N55.95bn Q1 Profit, Extends Recovery Momentum

Ogochukwu Onwaeze, THEWILL -
April 28, (THEWILL) — Nigerian Breweries Plc has reported a Profit After Tax of N55.95 billion for the first quarter ended March 31, 2026, representing a 25.6 percent increase from the N44.55 billion recorded in the same period...
Business

CBN Keeps BDCs at Arm’s Length Over Compliance, Market Stability Concerns

Ogochukwu Onwaeze, THEWILL -
April 28, (THEWILL) — The Central Bank of Nigeria (CBN) has sustained restrictions on Bureau De Change (BDC) operators’ access to the official foreign exchange market, underscoring ongoing concerns about regulatory control, compliance risks, and past market abuses. Insights...
Business

2027 Poll: Kingibe Alleges High Distortion, Manipulation of Electoral Reform

Felix Ifijeh, THEWILL -
April 28, (THEWILL) — The lawmaker representing the Federal Capital Territory (FCT) in the Senate, Senator Ireti Kingibe, has warned that the credibility of Nigeria’s 2027 general elections may be under serious threat, alleging that major electoral reform...
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HeadlineFelix Ifijeh, THEWILL -

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

“That report is not true in any way. It is pure fake news sponsored by some jobless persons whose pastime is to throw mud at high performers in President Tinubu’s government. I consider it a brand of cheap journalism lacking in ethics and professionalism but heavy with malicious intentions”, he said, adding that the identical language, structure and narrative used by several online platforms suggested the reports originated from a single source before being widely circulated.
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