Sam Diala, THEWILL

June 30, (THEWILL) - The Bank of America has said that the Naira is now undervalued as its fair value estimate of N680/$ has been exceeded downwards, plunging the local currency into deeper devaluation as low as...

June 29, (THEWILL) - Two weeks after the Central Bank of Nigeria (CBN) announced major forex reform that culminated in the unification of the official and parallel market channels, more Nigerians in Diaspora still prefer the parallel to...

June 28, (THEWILL) - The United Bank for Africa (UBA) has unveiled its raille account opening form – a groundbreaking move to promote financial inclusivity, According to the bank, this is the first of its kind in the Nigerian and...

June 27, (THEWILL) - The local bourse extended yesterday’s positive performance, driven by renewed interest in Transcorp which closed at N19.36 from N17.60 per share (+10%), and UBA closing at N11.60 from N11.45 per share (1.31%) With market capitalisation...

June 26, (THEWILL) - The Naira opened the week on Monday at N768.17/$ -- stronger than it closed the previous week where it plunged to N770.17/$ on Friday, June 23. This represents a 3 percent gain as traded volume...

June 26, (THEWILL) - FMDQ Securities Exchange Limited is set to provide a long-awaited panacea to the Nigerian financial markets, with the introduction of its dynamic Exchange-Traded Derivatives (ETD) market, on Wednesday, July 12, 2023. The trailblazing FMDQ...

The number of estimated billing customers held by Nigeria’s electricity distribution companies (DisCos) has continued to be on the increase, with the 11 DisCos having a total of 5.95 million in Q1 2023. This is 1.99 percent higher than...

The Development Bank of Nigeria (DBN) has unveiled strategies to step up its support for the micro, small and medium enterprises (MSMEs) to navigate the current troubled economy, triggered by the recent fuel and electricity subsidies removal, naira...

June 23, (THEWILL) - The Investors’ and Exporters’ (I&E) window (official market channel) has turned the tide against the black market, as the gap between both foreign exchange channels stood at N11.83 in favour of the official window...

June 21, (THEWILL) - The Naira resumed its plunge on the I&E window Wednesday, closing at N763.17/$ according to data on the FMDQ website. This represents a 1.4 percent depreciation from the gain of Tuesday when it closed at N756.61/$...