Sam Diala, THEWILL

Seplat: Travails of Indigenous Firm With Uncommon Energy

July 17, (THEWILL) - When Dr A.B.C. Orjiako, the immediate past Chairman of Seplat Energy Plc, addressed the shareholders of the firm at its 9th Annual General Meeting (AGM) on May 18, 2022, he expressed optimism about the company’s...

More Trouble for Flutterwave As Company Shuts Down Virtual Dollar Card Service

July 16, (THEWILL) - Amid raging controversies against it, African financial technology (Fintech) company, Flutterwave has announced plans to shut down usage of its virtual dollar card service, ‘Bartercard’ effective from July 17th, 2022. This may worsen the image-fading challenge...

Emefiele Hints on Monetary Policy Direction for Economic Growth

July 16, (THEWILL) - About a week to the bi-monthly session of the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC), the CBN Governor, Godwin Emefiele has hinted on the key considerations that would influence the rate-setting...

Nigeria’s Inflation Rate Jumps to 18.6% in June

July 15, (THEWILL) - In June 2022, Nigeria’s inflation rate increased to 18.60 percent on a year-on-year basis – the highest in five years. This is 0.84 percent points higher compared to the rate recorded in June 2021,...

Airtel, 3 Others Bid For 5G Spectrum Auction In India

July 13, (THEWILL) - Seven months after its loss in Nigeria, international telecommunication company, Bharti Airtel and three other operators are to participate in the upcoming Fifth Generation network spectrum auction in India According to a list released by the...

Twitter Sues Elon Musk for Terminating $44bn Takeover Deal

July 13, (THEWILL) – Twitter says it has sued Tesla CEO Elon Musk in the Delaware Court of Chancery for terminating his $44 billion takeover bid. This development came days after Mr Musk terminated his Twitter takeover deal. Last Friday, Mr...

Union Bank Acquisition: Controversy Rages As Lawyers Want CBN Approval Cancelled

July 12, (THEWILL) – A team of Senior Lawyers led by Mr A.M. Makinde has approached a Federal High Court in Lagos, to seek the nullification of the approval given by CBN for the acquisition of Union Bank Plc...

NNPC Secures Court Decision To Block Seplat/Exxon Mobil Asset Acquisition Deal

July 12, (THEWILL) – THE Nigerian National Petroleum Company (NNPC) Limited has won a court decision temporarily blocking Exxon Mobil Corporation from selling its assets in Nigeria to Seplat Energy Plc. Bloomberg reports that a judge in Abuja granted...

External Reserves Gains $923m In Four Weeks To $39.3bn

July 11, (THEWILL) – Nigeria’s external reserves added $923 million in the past four weeks ending July 8, 2022 thus reversing the several months of downward trend. The reserves had, before the rise, declined steadily to $38.421 billion on June...

Fears Over Dollar Scarcity as Nigeria’s Eurobond Trades at Price

July 11, (THEWILL) – Nigeria’s 10-year Eurobond closed the first half of the year at a yield of 13.45 percent or $69.8 in unit price, pointing to one of the worst yields in years for the economy. Sovereign Eurobond yields...

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.
1828 POSTS
0 COMMENTS