Sam Diala, THEWILL

Zenith Named Best in Nigeria’s Commercial Banking, Corporate Governance

July 05, (THEWILL) – Zenith Bank Plc has emerged as the best commercial bank in the country in the World Finance Banking Awards 2022, retaining it for a second consecutive year. The bank was also named as the best corporate...

H1 2022: Equity Investors Gain N4.75trn in 21% Market Surge

July 03, (THEWILL) – Nigeria’s equity investors witnessed a bumper harvest of N27.94 trillion in market capitalisation in the first half of the year (2022), creating N4.75 trillion or 21 percent returns for the profit hunters compared with N23.19...

First Bank Launches Single-Digit Loan for Women-owned Businesses

July 02, (THEWILL) – Nigeria’s premier banking institution and leading financial inclusion services provider, First Bank of Nigeria Limited, has announced the launch of the FirstGem fund (FirstGem loan); a single-digit loan scheme, exclusively designed to put women at...

More Trouble for Insurance as Nigerian Exchange Suspends Nine Firms

July 02, (THEWILL) – Two days after the National Insurance Commission (NAICOM) announced the revocation of registration certificate of two insurers, Niger Insurance Plc and Standard Alliance Insurance Plc, the Nigerian Exchange Limited (NGX) has suspended nine...

Investors Trade N485.4bn Worth of Equities in Q2 2022

July 01, (THEWILL) – Both local and foreign investors on the Nigerian Exchange Limited (NGX) traded N485.4billion worth of equities in the second quarter (Q2) of 2022. This is an increase of 40.11per cent when compared to N346.43 billion traded...

NGX, GRI, PRI Collaborate to Boost Awareness on ESG Data Metrics

June 30, (THEWILL) – The Nigerian Exchange Limited, Global Reporting Initiative (GRI) Africa and Principles for Responsible Investment (PRI) organized a webinar tagged “Empowering Responsible Investing through Data Metrics and Environmental, Social and Governance (ESG) Integration”, on Wednesday, 29...

Wema Bank Plans N40bn Rights Issue in August 2022

June 30, (THEWILL) – Wema Bank Plc has concluded arrangements to commence its N40 billion rights issue to the existing shareholders of the bank in August 2022. This follows the approval of the deal by the bank’s shareholders at an...

CBN Sets January 2023 Deadline for Financial Institutions on Cybercrimes Control

June 30, (THEWILL) – The Central Bank of Nigeria (CBN) has released the Risk-Based Cyber-security Framework and Guidelines for Other Financial Institutions (OFIs). The bank said the action became necessary as a result of the recent increase in the number...

Time to Deconstruct the Raging Bull

June 30, (THEWILL) - SAM DIALA x-rays how Nigeria’s equities market hit over N29 trillion capitalisation – the highest in 61 years – amid economic downturn, and the implications. The Nigerian Stock Exchange (now the Nigerian Exchange) hit the peak...

Fitch Upgrades Fidelity Bank’s Issuer Default Rating From ‘B-’ to ‘B

June 29, (THEWILL) – Fitch Ratings has upgraded Fidelity Bank Plc’s long-term issuer default rating (IDR) from ‘B-’ to ‘B’, reflecting the bank’s increased creditworthiness. The rating agency also upgraded Fidelity’s National Long-Term Rating to ‘A(nga)’ from ‘BBB+(nga)’. According to...

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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