Sam Diala, THEWILL

Nigeria’s Investment Inflow Fell By 2.4% in Q2 2022 – NBS

September 01, (THEWILL) - The total value of capital importation into Nigeria in the second quarter of the year fell to $1.53 billion from $1.57 billion in the preceding quarter, the National Bureau of Statistics said on Wednesday. The NBS in...

First Bank Completes Acquisition Of Access Bank’s Pension Business

September 01, (THEWILL) - First Pension Custodian Nigeria Limited, the subsidiary of First Bank of Nigeria, has fully taken over possession of Access Pension Fund Custodian Limited, the pension subsidiary of Access Bank. In a statement released by Access Holdings, the...

NCDMB Emerges Best MDA In Ease Of Doing Business Ranking

August 31, (THEWILL) - The Nigerian Content Development and Monitoring Board (NCDMB) has been adjudged as the best among all Ministries, Departments and Agencies in the country in the latest Executive Order (EO1) performance ranking for Ease of Doing...

Anxiety as Nigeria Plans to Exceed Borrowing Limit, Seek N11trn New Loan

August 31, (THEWILL) - While Nigeria is battling with its mounting debt of over N40 trillion and debt servicing commitments that consume virtually all of its revenue, the country plans to exceed its borrowing limit in 2023. It also plans...

Dangote To Create Jobs, Save Forex Through 40% Sugar Import Substitution

August 31, (THEWILL) - The Management of Dangote Sugar Refinery Plc has said it is determined to significantly reduce the importation of sugar into the country by 40 percent, thus paving the way for the employment of over 30,000...

Interest Rate Hikes Brighten Prospects of Pension Assets Expansion

August 29, (THEWILL) - Recent developments in the interest rate regime are tending towards the fixed income market where a significant portion of pension assets are held. Investors are therefore positioning for the boom that will result from expansion in...

Why NNPC Failed To Remit Into Federal Account Despite N2.38trn Revenue In Six Months

August 24, (THEWILL) - The Nigerian National Petroleum Company (NNPC) Limited has explained why it failed to remit to the Federal Accounts Allocation Committee (FAAC) in six months despite grossing N2.38 trillion revenue during the period. The NNPC has been the...

Zenith Bank Posts Impressive Results, Records 17% Earnings Growth in HY 2022

August 23, (THEWILL) - In a clear demonstration of its industry leadership and consistency in providing superior financial returns, Zenith Bank Plc has announced its audited results for the half-year ended 30 June 2022, recording an astounding double-digit growth of...

HY 2022: FBN Holdings Results Mirror Growth That Excites Shareholders

August 21, (THEWILL) - FBN Holdings Plc posted impressive results for its half year 2022 operations which reflect a growth trajectory that will excite the shareholders. This is coming after a period of heavy-footed performance on huge non-performing loans....

CBN Raises Savings Interest Rate to 4.2%

August 16, (THEWILL) - The Central Bank of Nigeria (CBN) has ordered banks in Nigeria to pay savings deposit accounts an interest rate of at least 4.2%, an increase from the 1.4% previously received. This was contained in a circular...

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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