Sam Diala, THEWILL

BREAKING: Court Orders DSS To Charge Emefiele Within One Week Or Release Him

July 13, (THEWILL) - A federal capital territory high court has ordered the Department of State Services (DSS) to charge Godwin Emefiele, suspended governor of the Central Bank of Nigeria (CBN), to court if they have criminal allegations...

Battle For ‘Soul’ Of FBNH: Oba Otudeko’s Lawyers Respond To Ecobank On Barbican Capital Shares

July 12, (THEWILL) - Wole Olanipekun & Co, the legal representatives of Dr. Oba Otudeko, Chairman of Honeywell Group Limited, have issued a response to the letter from Ecobank Nigeria Limited regarding the recognition of shares transferred to...

Diaspora Remittance: CBN Approves Naira Payout To Recipients

July 13, (THEWILL) - The Central Bank of Nigeria (CBN) has approved Naira payouts for diaspora remittance with immediate effect, thus ending a ban that had been in place since 2020. In a circular dated July 10, 2023, and...

Naira Depreciates To N782.49/$ On I&E Window As NGX-ASI Drops 2.47%

July 12, (THEWILL) - The Naira dropped slightly Wednesday on the I&E window to N782.49/$ as against N788.42/$ on Tuesday – a depreciation of 0.8%. Total turnover also dropped to $68.10 million against $99.69 million on the...

BREAKING: Adaora Returns As Zenith DMD, Others To Follow As CBN Revises Policy On Tenure Of Executive Management And Non-Executive Directors of Banks

July 12, (THEWILL) - Ms Adaora Remy Umeoji, the former Deputy Managing Director (DMD) of Zenith Bank, has returned to her position after she relinquished the post in compliance with the Central Bank of Nigeria’s (CBN) policy on tenure...

Century Group Acquires FPSO Sendje Berge from BW Offshore

July 12, (THEWILL) - BW Offshore, the Norwegian service provider, has repored that it has closed the transaction for the sale of the floating production storage and offloading (FPSO) vessel Sendje Berge to a local FPSO owner and...

BW Offshore Sells Okwori FPSO

July 12, (THEWILL) - BW Offshore Limited, a global owner and operator of floating production storage and offloading vessels, has completed the sale of the FPSO Sendje Berge to a local FPSO owner and operator in...

NGX-ASI Hits Record High Since 2008, as Naira Sinks Lowest to N788.42/$

July 11, (THEWILL) - Nigeria equities market sustained its bullish sentiments as buying interests in DANGCEM (+9.3% from N360.70 share price), and BUACEMENT (+6.6% with N97 per share) which drove a 1.7% increase in the benchmark index – the...

Lagos Task Force Clears Traders From Oshodi Rail Tracks, Other Areas

July 11, (THEWILL) - The Lagos State Task Force says it has cleared traders from Oshodi rail tracks, under Apongbon Bridge and other areas, vowing to sustain the tempo. Spokesman of the Task Force, Mr. Gbadeyan Abdulraheem, said Chairman...

Alleged N13.5bn Debt: Ecobank Seeks Disapproval of Otudeko’s 4.8bn FBNH Shares As Stakeholders Kick

July 11, (THEWILL) - Four days after the acquisition of 4.8 billion shares of FBN Holdings (FBNH) Plc by Oba Otudeko Ecobank Nigeria has written FBNH, asking it not to recognise the new shares recently acquired by...

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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