Sam Diala, THEWILL

Declining Economic Activities Worry CBN as Firms Exit Nigeria

May 6, (THEWILL)- The Central Bank of Nigeria, CBN, has expressed worries over the declining economic activities in the country. The CBN deputy governor of Corporate Services, Bala Moh’d Bello, disclosed this in a statement at the end of the...

GTCO Holdings Posts Impressive Results in Q1 2024

Guaranty Trust Holding Company Plc (GTCO) released its Q1-24 unaudited financial statements on Friday, reporting a whopping 696.1% y/y rise in earnings per share (EPS) to N16.24 for the period under review as against N2.04 in Q1 2023. The impressive...

Re-capitalisation: NDIC’s New Insurance Coverage Guarantees Financial System Stability

May 5, (THEWILL)- As deposit money banks scamper for resources to meet up with the new capital base requirement announced by the Central Bank of Nigeria (CBN), the Nigerian Deposit Insurance Corporation (NDIC) has taken proactive measures to checkmate...

Fuel Crisis: Hard Times Ahead as Uncertainty Grows Over Moribund Refineries

May 5, (THEWILL)- As Nigeria continues to rely solely on refined imported petroleum products, especially the Premium Motor Spirit (PMS), popularly known as petrol, there are strong indications that the recent fuel crisis that engulfed parts of Nigeria is...

Zenith Bank Records Pre-tax Profit Of N320.194bn In Q1 2024

May 4, (THEWILL)- Zenith Bank Plc has released its unaudited financial results for Q1 2024, revealing a pre-tax profit of N320.194 billion. This represents a notable 269.72% surge compared to the previous year. Additionally, this figure accounts for 40.23 %...

Telecoms: NCC’s Strong Regulation Boosts Revenue For Govt, Banks as Taxes, Commissions widen

April 29, (THEWILL)- The effective regulation off the telecommunication (telecom) sector by the Nigerian Communications Commission (NCC) has strengthened the operators towards effective e-services that boost government and financial services revenue through taxes and levies. A look at the performance...

FirstBank Emerges Best Private Bank in Nigeria, Best Private Bank For Sustainable Investment in Africa at Global Finance Awards

April 28, (THEWILL)- First Bank of Nigeria Limited, West Africa’s premier financial institution and leading financial inclusion services provider, announced its recognition as the Best Private Bank in Nigeria and Best Private Bank for Sustainable Investment in Africa at...

Food Insecurity to Worsen Agric GDP Decline in 2024

April 28, (THEWILL)- Nigeria’s rising headline inflation rate has been driven by high cost of food. This has been the trend for a long time now, culminating in the latest inflation surge of 33.2 percent in March 2024, up...

N30trn Ways And Means: Senate’s Financial Probe Exceeds Deadline, Rolls Into Eight Weeks

April 28, (THEWILL)- The Senate’s probe of N30 trillion Ways and Means loan obtained by the Muhammadu Buhari Administration from the Central Bank of Nigeria (CBN) has snowballed into eight weeks, against the scheduled four weeks deadline for a...

CBN Disowns Notice On Cryptocurrency Transactions

April 25, (THEWILL) - The Central Bank of Nigeria (CBN) says a notice circulating on social media about the risk of cryptocurrency did not originate from it and, therefore, is fake news. The CBN disclosed this via its official X...

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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