Sam Diala, THEWILL

Lekki Deep Sea Port Will End Cargoes Diversion to Neighbouring Countries — NPA MD

April 12, (THEWILL) - The Nigerian Ports Authority (NPA) has said that the inauguration of Lekki Deep Sea Port will end diversion of cargoes to neighbouring countries. Before now, cargoes meant for Nigerian ports were diverted to neighbouring countries ...

Why Interest Rates May Remain High – IMF Director

April 12, (THEWILL) - The International Monetary Fund (IMF) Financial Counsellor and Director of the Monetary and Capital Markets Department, Tobias Adrian, has predicted that interest rates may remain high for some time as central banks battle with risks...

Climate Change: IMF Spends $640bn Annually as 44 Countries Await Consideration

April 12, (THEWILL) – The International Monetary Fund (IMF) has said it spends about $640 billion annually on climate-related initiatives across the continents as 44 countries await to be considered for various programmes. The IMF also urged national governments...

Unilever Exits Home Care Brands Amid Tough Environment – Omo, Sunlight, Lux Major Casualties

April 11, (THEWILL) - Unilever Nigeria Plc says it is stopping the production of its popular home care brands as it struggles to sustain its operations in Nigeria’s tough operating environment. The products affected include the legendary OMO, Sunlight and...

FG Signs Agreement to Re-concession Lagos Trade Fair Complex

April 11, (THEWILL) - The Bureau of Public Enterprises (BPE) has signed a tripartite agreement to commence the re-concession of the Lagos International Trade Fair Complex (LITFC). This is contained in a statement signed by BPE’s Head of Public Communications,...

Ongoing Reform to Trigger $50bn Lending Boost — World Bank

April 11, (THEWILL) – The World Bank’s ongoing reform could result in a $50 billion lending boost over the next decade, Treasury Secretary Janet Yellen told AFP ahead of stakeholders’ meetings next week where key changes are expected to...

Sub-Sahara: Economic Growth Drops to 3.1% in Nigeria, Others – World Bank

April 11, (THEWILL) – The World Bank has said that the growth rate in the economies of countries in Sub-Saharan Africa, including Nigeria, was sluggish in the first quarter of 2023. This fact is contained in the April 2023 edition...

Retirement Benefits: PenCom Cautions Against Activities of Illegal Group

April 09, (THEWILL) - The National Pension Commission (PenCom) has warned members of the public against activities of an illegal group involved in unlawful activities concerning retired workers pension benefits. The group which goes by the name, Association of Pension...

Seplat: Court Vacates Own Order Sacking CEO Over Anti-Workers’ Conduct

April 09, (THEWILL) - The Federal High Court sitting in Lagos has vacated its interim order earlier restraining a Briton, Mr Roger Brown from parading himself as the Chief Executive Officer (CEO) of Seplat Energy Plc. Mr Brown, a...

More Nigerian Banks To Establish Offshore Subsidiaries

More Nigerian banks will soon commence effective offshore operations to actualise the licence granted them by the Central Bank of Nigeria (CBN) to establish offshore subsidiaries. Data from the CBN website showed that eight deposit money banks are licensed to...

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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