Sam Diala, THEWILL

Food Inflation Worsens

National Bureau of Statistics (NBS) on Friday said the prices of some food items in Nigeria increased in December. Headline inflation (all goods and services) reached its lowest rate in eleven months in December, after ten straight monthly increases. Food...

South-East Region Pays More For Kerosene in December 2022

The National Bureau of Statistics (NBS) has said that residents based in the South-East region paid the highest kerosene costs in December 2022. This is contained in the NBS National Household Kerosene Price Watch report, which disclosed that South-Eastern Nigerians...

Equities Market Closes Positive

At the end of the last weekday of trading on the Nigerian Stock Exchange (NGX), a total of 171,109,870 shares in 3,599 deals, corresponding to a market value of NGN 2,343,568,438.20, were traded. Compared with the previous NGX trading...

Global Recession: Telecom to Hedge Nigeria Against Shocks

There are indications that the telecommunications (telecom) sub-sector would shield Nigeria from the likely effects of impending global recession – a phenomenon the World Bank and the International Monetary Fund (IMF) predict would bash emerging and developing economies in...

Nigeria Records 222m Active Telephone Lines in 2022

Nigeria recorded 222.2 million active telephone lines as of the end of 2022, data from the website of the Nigerian Communications Commission (NCC) have revealed. Subscription Statistics released by the NCC as of December 2022, showed that connected telephone lines...

IPMAN Leader Speaks on Fuel Scarcity

The Independent Petroleum Marketers Association of Nigeria (IPMAN) disclosed Friday that the volume of products supplied to marketers at the loading points has dropped by about 50 per cent. IPMAN deputy president, Zarma Mustapha, disclosed this while speaking on...

MPC to Favour Slight Rate Hike – Analysts

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) is expected to hold its first meeting of 2023 on the 23rd and 24th of January. Many analysts believe that the Committee remains faced with either...

Google Confirms Suspending 5.6m Advertiser Accounts in Nigeria, Others

Global Tech giant, Google, has disclosed that it removed over 3.4 billion ads, restricted over 5.7 billion, and suspended over 5.6 million advertiser accounts in Nigeria and other parts of the world in 2021. In a statement titled “Google Commits...

SAHCO Seeks Duty Waiver For Ground Handling Operators

The Managing Director, Skyway Aviation Handling Company (SAHCO) Plc, Mr Basil Agboarumi, has called on the Federal Government to grant duty waiver on operational equipment for ground handling companies operating in the nation’s airports. Agboarumi said this in a chat...

NCC Set to Tackle Fake Lottery, Gaming Activities

The Nigerian Communications Commission, NCC, Wednesday in Abuja, signed a revised Memorandum of Understanding with the National Lottery Regulatory Commission, NLRC, with provisions to deter unapproved lottery and gaming practices on telecommunications platforms through information and intelligence sharing. Executive Vice...

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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