Sam Diala, THEWILL

$1.28bn Seplat-ExxonMobil Deal Signals Local Content Expansion

October 28, (THEWILL) – Besides boosting Nigeria’s oil and gas production and, ultimately, raising the country’s revenue stream, the recent approval of the $1.28 billion Seplat-ExxonMobil deal by the Nigerian government will impact significantly on the Local Content policy. Recently,...

Revenue Crisis: Time to Pump-out NNPC’s Bauchi/Gombe Oil

October 27, (THEWILL) – With Nigeria struggling to meet its Organisation of Petroleum Exporting Countries (OPEC) quota of 1.7 million barrels per day (currently about 1.4 million) and tackle its lingering revenue challenge, the Kolmani oil and gas wells...

UBA Plc Pumps N135bn Into Digital Infrastructure as e-Banking Income Soars by 90.7%

October 27, (THEWILL) – Determined to remain atop industry performance rating, Africa’s Global Bank -- United Bank for Africa (UBA) Plc, sank a whopping N135.4 billion in its digital infrastructure during the nine months ended September 30, 2024....

Service Disruptions: Unseen Hands of NIBSS Secure Depositors’ Funds

October 21, (THEWILL) - Several Nigerian banks have engaged in systems upgrade in recent times which has created service disruptions to the consternation of the customers and other banks’ services users. In the past weeks, major Nigerian deposit money...

FBN Holdings Plc Appoints Wale Oyedeji as New GMD

October 20, (THEWILL) – FBN Holdings Plc has officially announced the appointment of Adebowale (Wale) Oyedeji as the new Group Managing Director (GMD), effective November 13, 2024. This appointment, which is subject to the approval of the Central Bank of...

DisCos Grow Revenue on Poor Supply, Irregular Billings

October 20, (THEWILL) – In a paradox that has defined Nigeria’s electricity sector, the eleven Distribution Companies (DisCos) across the country recorded increased revenue during the second quarter of the year (Q2 2024) amid poor power supply and...

Forex Crisis: Expectations High on Polaris Bank’s Support For MSMEs Towards Backward Integration

October 20, (THEWILL) – With many businesses battling for survival amid mounting economic headwinds, there are renewed expectations that Nigeria’s leading digital retail financial institution, Polaris Bank Limited, would step up its activities to salvage the crumbling informal...

Ending Poverty For Half The World Could Take More Than Century – World Bank Report

October 15, (THEWILL) – At today’s feeble pace, it could take more than a century to eliminate poverty as it is defined for nearly half the world – people who live on less than $6.85 per day, according to...

20 Years of Contributory Pension Puts PenCom on Global Spotlight

October 14, (THEWILL) – Nigeria’s contributory pension scheme (CPS) which marks its 20th anniversary this year (2024) has not only repositioned the pension industry and impacted the economy in a positive way; it has put the apex regulatory body,...

Rivers Records Zero Investment Inflow in HY 2024

October 13, (THEWILL) – Despite housing huge crude reserves, significant natural gas deposit and being the hub of Nigeria’s oil business, Rivers State, in South-south region, attracted zero foreign investment in two quarters (Q1 and Q2) of the...

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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