Sam Diala, THEWILL

Mark Zuckerberg Makes N437bn, Amid Nigerian Govt. Lawsuit Against Meta Platforms

October 5, (THEWILL) – Reports say that Mark Zuckerberg’s wealth grew on Tuesday, October 4, 2022 by 2.08 percent amid a faceoff between his company, Meta Platforms and the Nigerian government over unapproved advertisements targeting Nigerian audiences. Zuckerberg’s net...

Russian Invasion of Ukraine Impedes Post-Pandemic Economic Recovery in Emerging Europe and Central Asia

October 4, (THEWILL) – The ongoing war in Ukraine has dimmed prospects of a post-pandemic economic recovery for emerging and developing economies in the Europe and Central Asia region, says the World Bank’s Economic Update for the region, released...

Cornerstone Insurance Heads For Dividend Drought Amid 48% Half-Year Decline

Cornerstone Insurance Plc, Nigeria’s fifth largest underwriter by market capitalisation (N10.2 billion as of September 30, 2022), may experience resumed dividend drought that dogged its operations for five consecutive years, as its 2022 half-year financial results have shown. The 31-year-old...

Six Years of Raising the Bar in Local Content Development

September 30, (THEWILL) – Six years ago this week, I was appointed Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB) by President Muhammadu Buhari, resuming full duties at the NCDMB’s Headquarters in Yenagoa eight weeks later...

CBN Further Increases Monetary Rate To 15.5%

September 27, (THEWILL) – As predicted by many analysts, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has, for the third time in five months, increased the official interest rate by an aggregate of 450...

Export Promotion: Nigerian Shippers’ Council Harps on Regional Maritime Co-operation

September 26, (THEWILL) – The Nigerian Shippers’ Council (NSC) has advocated for increased partnership from operators in the maritime industry. This is for them to take advantage of the various port enhancement initiatives to promote regional maritime services, export and...

Sterling Bank to Change Name as Shareholders Approve Restructuring

September 26, (THEWILL) – Sterling Bank Plc will take a new name after receiving shareholders’ approval to convert from a core banking business to a holding company, its board said on Monday, setting it up for the opportunity to...

Access Holdings Plc Headed Beyond N15trn Assets Mark

The half year performance of Access Holdings Plc indicates that the top-ranked financial services institution is headed to cross a historic N15 trillion assets mark at the end of 2022. Presently, Access Bank is the largest deposit money bank...

First Bank Announces Suspension of International Transaction on Naira Cards

September 22, (THEWILL) – First Bank of Nigeria has announced that its naira cards will no longer be used for international transactions starting September 30. The bank said the decision is due to current market realities on foreign exchange. Before now,...

Access Holdings Plc Gets CBN’s Approval to Launch Payments Unit – Hydrogen

September 21, (THEWILL) – Access Holdings Plc has obtained the go-ahead from the Central Bank of Nigeria (CBN) to set up a payments unit, the lender said Wednesday, the latest phase of its grand plan to diversify away from...

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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UEFA Refuses To End FIFA World Cup Boycott Despite Infantino’s U-Turn

UEFA has confirmed it will continue its boycott of FIFA's men's and women's World Cups despite Gianni Infantino...
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