Sam Diala, THEWILL

Investors Trade N485.4bn Worth of Equities in Q2 2022

July 01, (THEWILL) – Both local and foreign investors on the Nigerian Exchange Limited (NGX) traded N485.4billion worth of equities in the second quarter (Q2) of 2022. This is an increase of 40.11per cent when compared to N346.43 billion traded...

NGX, GRI, PRI Collaborate to Boost Awareness on ESG Data Metrics

June 30, (THEWILL) – The Nigerian Exchange Limited, Global Reporting Initiative (GRI) Africa and Principles for Responsible Investment (PRI) organized a webinar tagged “Empowering Responsible Investing through Data Metrics and Environmental, Social and Governance (ESG) Integration”, on Wednesday, 29...

Wema Bank Plans N40bn Rights Issue in August 2022

June 30, (THEWILL) – Wema Bank Plc has concluded arrangements to commence its N40 billion rights issue to the existing shareholders of the bank in August 2022. This follows the approval of the deal by the bank’s shareholders at an...

CBN Sets January 2023 Deadline for Financial Institutions on Cybercrimes Control

June 30, (THEWILL) – The Central Bank of Nigeria (CBN) has released the Risk-Based Cyber-security Framework and Guidelines for Other Financial Institutions (OFIs). The bank said the action became necessary as a result of the recent increase in the number...

Time to Deconstruct the Raging Bull

June 30, (THEWILL) - SAM DIALA x-rays how Nigeria’s equities market hit over N29 trillion capitalisation – the highest in 61 years – amid economic downturn, and the implications. The Nigerian Stock Exchange (now the Nigerian Exchange) hit the peak...

Fitch Upgrades Fidelity Bank’s Issuer Default Rating From ‘B-’ to ‘B

June 29, (THEWILL) – Fitch Ratings has upgraded Fidelity Bank Plc’s long-term issuer default rating (IDR) from ‘B-’ to ‘B’, reflecting the bank’s increased creditworthiness. The rating agency also upgraded Fidelity’s National Long-Term Rating to ‘A(nga)’ from ‘BBB+(nga)’. According to...

Pantami Takes Digital Economic Agenda to Minna

June 29, (THEWILL) – The Federal Government’s agenda to transform the country to a robust digital economy, became the focal point in the message of the Honourable Minister of Communications and Digital Economy, Prof. Isa Ibrahim Pantami, who was...

FG Raises Tax on Cigarettes to 30%

June 29, (THEWILL) – The Federal Government has raised tax on tobacco consumption to 30 percent. This was made known by the Minister of State for Health, Olorunnimbe Mamora, in Abuja on Tuesday while delivering his remark at the launch...

I&E Forex Window Rakes in $50bn in Three Years – CBN

June 29, (THEWILL) – The Investors and Exporters (I&E) Forex Window introduced by the Central Bank of Nigeria in April 2017 attracted over N50 billion in three years of its operation. The I&E window, also known as the Nigerian Autonomous...

Lagos Govt Explains Closure of 137 Eatries, Others

June 28, (THEWILL) – The Lagos State Government has explained why it shut at least 137 eateries and buildings across the state over violation of the state building law The sealed structures were said to have been sealed by the...

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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