Sam Diala, THEWILL

Port Concession To Attract $3.7bn Investment — ICRC

May 21, (THEWILL) - The Infrastructure Concession Regulatory Commission (ICRC) has said the concession of three ports by the Federal Executive Council (FEC) would attract an investment of $3.7 billion from the private sector. The Director-General of the ICRC, Michael...

MTN Mulls Hike in Calls, Data Rates

May 21, (THEWILL) - Telecom group, MTN, has said it plans to increase prices in selected markets due to the elevated inflation in the operating environment. This disclosure was made in its 2023 first quarter report filed on the Johannesburg...

Union Bank Plc: Exiting The Exchange Smacks of Poor Corporate Governance – Investors

Investors in Nigeria’s second-oldest bank, Union Bank of Nigeria Plc, have expressed dismay over the planned delisting of the 106-year-old financial services institution from the Nigerian Exchange, emphasising that the action smacks of poor corporate governance. The Tier-2 bank had...

Dangote Petroleum Refinery: Concerns, Doubts as Buhari Performs Symbolic Commissioning

Nigeria on Monday, May 22, 2023 will score a global first, a huge turning point in her 62 years of chequered history. On that day, Dangote Petroleum Refinery, the world’s largest single-train 650,000 barrels per day petroleum refinery with...

Nigeria’s Active Mobile Subscriptions Declined To 225.8m In March – NCC

May 21, (THEWILL) - The Nigerian Communications Commission (NCC) has reported that telecommunication mobile services subscriptions in the country declined by 0.4 per cent to 225.8 million in March 2023 from the 226.8 million subscriptions recorded in the preceding...

Sanwo-Olu Commissions Innovation Lab Project

May 21, (THEWILL) - The Lagos State Governor, Babajide Sanwo-Olu, on Friday commissioned an innovation laboratory in Ikorodu. The innovation laboratory — SAIL (Senator Abiru Innovation Lab) was set up by Tokunbo Abiru, the Lagos East senator, and his wife,...

Over $50bn Oil Industry Projects Unveiled at NOGOF — Wabote

May 21, (THEWILL) - Oil and gas opportunities valued over $50 billion and projected to be developed within five years were showcased by international and indigenous companies at the 2023 Nigerian Oil and Gas Opportunity Fair (NOGOF) which ended...

Elumelu At 60: Journalists Hail Business Mogul’s Interventions In Nigeria’s Education Sector

May 21, (THEWILL) - A group of journalists has felicitated the Chairman of the United Bank for Africa (UBA), Tony Elumelu, on his diamond jubilee birthday anniversary, describing him as a selfless investor in Nigeria’s education sector. The group, under...

RT 200: CBN Revises Operating Guidelines For Rebate Scheme

May 18, (THEWILL) - The Central Bank of Nigeria (CBN) has modified the operating guidelines for the RT200 Non-Oil Export Rebate scheme as contained in its earlier circular of February 25, 2023. The Bank said in a circular released Thursday...

NPC Spends N200bn for 2023 Census Preparation – Official

May 18, (THEWILL) - The National Population Commission (NPC) says it has spent about N200 billion to prepare for the 2023 population and housing census. This is part of the N800 billion expected from the federal government as the total...

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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