Sam Diala, THEWILL

Senate Steps Down Motion to Probe Moribund Refineries After Buhari

July 05, (THEWILL) - The Senate Wednesday rejected a motion seeking to investigate the moribund conditions of the nation’s refineries despite spending several trillions of naira on their maintenance. This is coming barely two months after former president Muhammadu...

Sterling HoldCo Appoints New Chairman, CEO, Non-Executive Directors

July 05, (THEWILL) - Three months after it transited to a holding structure in April 2023, Sterling Financial Holdings Company Plc has announced the appointment of new Chairman, CEO, and Non-Executive Directors. This was disclosed in an official statement...

We’re Working With Stakeholders to Reduce Settlement Cycle – NGX

July 05, (THEWILL) - Due to the current reforms and competition among exchanges in global financial markets, Nigerian Exchange Limited (NGX) has revealed that it is working assiduously with the Central Securities Clearing System (CSCS) Plc and other stakeholders...

Telecoms Investment in Nigeria now $75.6bn – NCC

July 05, (THEWILL) - The Executive Vice Chairman (EVC) of the Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta, has officially announced that the investment profile in the nation’s telecommunications sector, comprising foreign direct investment (FDI) and local investment,...

Oil Income: Nigeria Earns Least Per Capita Among OPEC Group

July 05, (THEWILL) - Nigeria earns the least in terms of per capita among the Organization of Petroleum Exporting Countries (OPEC) group, recording $51 income for each of her citizens in the first five months of 2023, according to...

Naira Rises to N742.31/$ As Equities Market Resumes Bullish Trend

July 05, (THEWILL) - Nigeria Naira closed at N742.31/$ on Monday, gaining 3.5 percent over yesterday’s N768.44/$ on the I&E Window, according to report by FMDQ. The aggregator also announced on its website that daily turnover on the...

NGX All-Share Index Dips to 1.99%, As Naira Closes on N768.44/$ Depreciation

July 04, (THEWILL) - The domestic bourse today slipped as the benchmark index closed 1.99% weaker at 60,715.04 points against 61,949,24 the previous day.. Gains in PRESCO (+1.69% from N190 per share), FCMB (+4.26% from N5.45 per share), and...

Oil Prices Climb as Saudi Arabia Extends Production Cut Into August

July 03, (THEWILL) - Saudi Arabia is extending its unilateral 1 million bpd production cut into August, the world’s top crude exporter said on Monday, sending oil prices rising by 1%. “An official source from the Ministry of...

AfDB Approves Abia’s Pending $115m Loan Request

July 03, (THEWILL) - The African Development Bank (AfDB) has approved a loan request of $115 million for the Abia State Government for its road rehabilitation, erosion control infrastructure projects and solid waste management. The loan request was made...

Nigeria’s Manufacturing Activity Rises Again In June, Amid Slide In Business Confidence

July 03, (THEWILL) - Nigeria lengthened the run of growth in its factory output to three months in a row in June as manufacturers raced to increase goods in stock to beat potential spikes in inflation, according to Stanbic...

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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