Sam Diala, THEWILL

AbdulMumin Confirmed CBN’s Substantive Spokesman

June 03, (THEWILL) - Dr Isa AbdulMumin has been confirmed as the substantive director, Corporate Communications of the Central Bank of Nigeria (CBN). AbdulMumin was in February appointed the acting director of the department, taking over from Mr Osita Nwanisobi,...

Nigerian Banks Demand Tax Clearance Certificate On FX Transactions

June 01, (THEWILL) – Nigerian banks have begun implementing a new regulation that requires customers to present a valid Tax Clearance Certificate (TCC) for foreign exchange transactions. The move complies with new regulations by the federal and state...

Nigerian Breweries Considering Acquisition of Distell Wines & Spirits Nigeria

June 01, (THEWILL) - Nigerian Breweries Plc will decide in the weeks ahead whether to acquire the controlling stake in the local unit of Stellenbosch-based Distell International Limited after an offer from Heineken Beverages Limited South Africa, the company...

Subsidy Removal: Dangote Refinery Could Become Dictator Over Price – NLC President

June 01, (THEWILL) - The President of the Nigeria Labour Congress (NLC), Joe Ajaero, has expressed concern that the recently inaugurated Dangote Petroleum Refinery could become a price dictator and might not lead to a drop in the price...

Nigeria’s Tax-to-GDP Ratio Rose to 10.86% in 2021 — FIRS

June 02, (THEWILL) - The Federal Inland Revenue Service (FIRS) has disclosed that Nigeria’s Tax-to-GDP ratio which, in the previous 12 years, hovered between 5 to 6 percent, rose to 10.86 percent by the end of 2021. It said the...

Naira not Devalued – CBN

June 01, (THEWILL) - The Central Bank of Nigeria (CBN) has debunked reports that it has devalued the Naira. A news outlet has reported that the CBN had devalued the naira to N631 to the dollar from N461.6, adding that...

Access Bank Launches French Desk to Strengthen Nigeria, France Economic Ties

June 01, (THEWILL) - Following the opening in Paris earlier this month of the first subsidiary of Access Bank Plc in the European Union, the Bank has launched the Access Bank French Business Desk to strengthen business relationships between...

Sustained Demand for MTN, Buafoods, Geregu Boosts Equities Market, as Investors Gain N17bn

May 31, (THEWILL) – Nigeria’s equities market recorded a marginal gain of N17 billion Wednesday to close trading for the month of May. Market capitalization hit N30.366 trillion as against N30.349 trillion in the previous day’s transaction. Closing the month,...

UPDATED: NNPC Officially Increases Fuel Price From N189 to N488/N557 Per Litre

May 31, (THEWILL) - The Nigeria National Petroleum Company (NNPC) Limited, on Wednesday, adjusted its retail prices for premium motor spirit (PMS) from N189 per litre to a new price ranging between N488 to N557 per litre. A new table...

Zenith Bank Wins ‘Best Corporate Governance Financial Services’ in Africa Award for the Fourth Consecutive Time

May 31, (THEWILL) - For the fourth consecutive year, Zenith Bank Plc has been named as the Best Corporate Governance ‘Financial Services’ Africa 2023 by the Ethical Boardroom. The award, which was published in the Spring 2023 edition...

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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