Sam Diala, THEWILL

Nigeria’s Inflation Rate Surges 19.64% in July 2022, Highest in 17 Years

August 15, (THEWILL) - Nigeria’s inflation rate in the month of July 2022 rose to a 17-year high of 19.64%. This compares to 18.6% recorded in the previous month of June 2022. The NBS said that on a month-on-month basis, the...

DBN Steps Up Support for MSMEs Amid Challenging Environment

August 15, (THEWILL) - In order to mitigate the effects of the challenging economic environment on small businesses, the Development Bank of Nigeria (DBN) has stepped up financing support for the Micro, Small and Medium Enterprises (MSMEs) across the...

HY 2022: FCMB Group Plc Shows Growth on Strong Parameters

August 14, (THEWILL) - FCMB Group’s half-year performance in 2022 was significantly impressive. It revealed a growth trajectory that derived from strong financial parameters well above the company’s peers. The Tier-2 financial services institution is also coasting away...

Flutterwave’s New Chief People and Culture Officer, Mansi Babyloni, Empowers Young Africans with Tech Skills

August 14, (THEWILL) - Nigerian fintech company, Flutterwave, has appointed Mansi Babyloni as the new Chief People and Culture Officer. This was contained in a media statement issued following her appointment which has taken effect already. In his remark, the CEO...

Seplat Reacts to Media Reports on Withdrawal of Ministerial Approval

August 12, (THEWILL) - Seplat Energy Plc on Thursday said it has become aware of a news report claiming that Ministerial Approval of the Company’s proposed acquisition of the entire share capital of Mobil Producing Nigeria Unlimited (“MPNU”) has...

Broadband Penetration Hits 44.5% As NCC Reviews Short Code Services

August 09, (THEWILL) - Nigeria’s broadband usage has continued on the rise, moving up from 40.9 per cent in February 2022 to 44.5 per cent in July 2022, a figure considered hopeful for achieving the national broadband target of...

Emefiele: Battling Forex Crisis of Non-producing Economy

August 07, (THEWILL) - The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has been in the eye of the storm over the worsening depreciation of the naira. The local currency, which has been on a...

OPEC Increases Nigeria’s Oil Quota to 1.830m BPD

August 03, (THEWILL) - The Organization of Petroleum Exporting Countries, OPEC, and its allies, have increased Nigeria’s oil quota to 1.830 million barrels per day, mb/d in September 2022, from 1.826 mb/d in August 2022. This was part of actions,...

Ex-Seplat CEO, Austin Avuru, Suspends Retirement Dinner Over Court Order

July 31, (THEWILL) - The founding, immediate past Chief Executive Officer, CEO, of Seplat Energy Plc, Mr Austin Avuru, has called off the planned retirement dinner which was to feature the unveiling of his books. The development followed an order...

Keystone Bank, BOI to Bear Brunt of Imo Govt, Innoson Motors Legal Tussle Over Unpaid Debt

July 31, (THEWILL) - Keystone Bank Ltd and Bank of Industry are both at the receiving end of the Imo State Government’s failure to redeem its debt of N2.5 billion owed to Innoson Vehicle Manufacturing (IVM), an indigenous vehicle...

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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