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.
Investment inflow to the Nigerian economy in the first quarter of this year (Q1 2023) eluded three mainstream deposit money banks (DMBs). According to the National Bureau of Statistics (NBS), no capital was channeled through these DMBs during the...
July 14, (THEWILL) - The Central Bank of Nigeria has revised the tenure of executive directors (ED). Deputy managing directors (DMD), and managing directors (MDs) of Banks and Bank Holding companies.
This confirms the policy shift reported by THEWILL on...
July 13, (THEWILL) - The Naira witnessed an upward momentum on Thursday, gaining 4.7% against the dollar on the I&E window to close at N746.28/$ against N782.49/$ on the previous trading day.
Check by THEWILL showed that the parallel market...
July 13, (THEWILL) - A federal capital territory high court has ordered the Department of State Services (DSS) to charge Godwin Emefiele, suspended governor of the Central Bank of Nigeria (CBN), to court if they have criminal allegations...
July 12, (THEWILL) - Wole Olanipekun & Co, the legal representatives of Dr. Oba Otudeko, Chairman of Honeywell Group Limited, have issued a response to the letter from Ecobank Nigeria Limited regarding the recognition of shares transferred to...
July 13, (THEWILL) - The Central Bank of Nigeria (CBN) has approved Naira payouts for diaspora remittance with immediate effect, thus ending a ban that had been in place since 2020.
In a circular dated July 10, 2023, and...
July 12, (THEWILL) - The Naira dropped slightly Wednesday on the I&E window to N782.49/$ as against N788.42/$ on Tuesday – a depreciation of 0.8%.
Total turnover also dropped to $68.10 million against $99.69 million on the...
July 12, (THEWILL) - Ms Adaora Remy Umeoji, the former Deputy Managing Director (DMD) of Zenith Bank, has returned to her position after she relinquished the post in compliance with the Central Bank of Nigeria’s (CBN) policy on tenure...
July 12, (THEWILL) - BW Offshore, the Norwegian service provider, has repored that it has closed the transaction for the sale of the floating production storage and offloading (FPSO) vessel Sendje Berge to a local FPSO owner and...
July 12, (THEWILL) - BW Offshore Limited, a global owner and operator of floating production storage and offloading vessels, has completed the sale of the FPSO Sendje Berge to a local FPSO owner and operator in...
