Sam Diala, THEWILL

Equities Market: Investors Reap N18.1trn on Robust 30.4% Y-t-D Index Growth

December 01, (THEWILL) - Equity investors raked in N18.1 trillion in the first eleven months of the year as investor confidence became more robust in the bouncing Nigerian stock exchange during the trading days. The Nigerian stock market commenced 2024...

Jobless GDP Growth Compounds Manufacturers’ Woes

December 01, (THEWILL) - The 3.46 per cent (year-on-year) Gross Domestic Product, GDP, growth recorded by the Nigerian economy in the third quarter (Q3) of 2024 shows little impact on manufacturing,  a major player in the real sector. The National Bureau...

FAAC Allocation Swells 60% to N18.7trn on Devaluation

November 25, (THEWILL) - Total disbursements from the Federal  Account Allocation Committee (FAAC)  to the federal, state and local governments rose by 60 percent  to N19.7 trillion  (year-on-Year) as of October 2024, from N12.31 trillion in the corresponding period...

Over 65% of Nigerian Households Can’t Afford Healthy Meals – NBS

November 24, (THEWILL) - At least 65.8 per cent of Nigerian households were unable to eat healthy, nutritious or preferred foods in the past 30 days due to lack of money. This is based on the General Household Survey-Panel Wave...

Bank of Industry Raises $5bn, Plans N120bn  Support for MSMEs

November 24, (THEWILL) - The Managing Director of the Bank of Industry (BoI), Mr. Olasupo Olusi, has disclosed that the bank has raised over $5 billion from international capital markets since 2017. Olusi made this known at the BoI’s 65th-anniversary...

System Upgrade: GT Bank’s Core Banking App Excites Customers

November 24, (THEWILL) - Many customers of Guaranty Trust Bank (GTB), have applauded the restoration of effective service delivery by the bank, following the completion of its tech-system upgrade. The bank had last month embarked on the upgrade of...

Agribusiness in Jeopardy Amid Inflation Surge

November 18, (THEWILL) - There are strong indications that the continued rise in Nigeria’s inflation rate is a threat to agribusiness --  key anchor of a struggling economy that is gasping for  breath, and yearning for diversification. The country has...

Dangote Exposes Nigeria’s Allergy to Functional Refinery

November 17, (THEWILL) - With the calming of nerves between Dangote Refinery and the behemoth Nigerian National Petroleum Company Limited (NNPCL), the nation can now relax over the anxiety that unending scarcity of petrol creates. While the pump price...

Cash Crunch: CBN Directs Banks to Load ATMs

November 17, (THEWILL) - The Central Bank of Nigeria (CBN) has directed banks to prioritise cash disbursement through automated teller machines (ATMs). CBN gave the directive in a circular to banks on Friday titled ‘Mystery shopping & spot checks on...

Wema Bank: Recapitalisation Poses Hurdle to National Spread

November 17, (THEWILL) - Wema Bank Plc, a lower-rung Tier-2 financial services institution, may face additional challenge of achieving effective national spread under the recapitalization policy initiated by the Central Bank of Nigeria (CBN). The apex bank had on March...

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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