Sam Diala, THEWILL

Special Report: Kogi Investment Drive Turns Mirage Three Years After

BEVERLY HILLS, March 15, (THEWILL) - Undaunted by a deluge of criticism and negative media reports, the Kogi State Government braved a two-day Economic and Investment Summit February 13-14, 2018, the first in the state’s 25 years of existence then....

States’ N8.3trn Budget: Hope Dims For Economic, Job Growth In 2021

BEVERLY HILLS, March 08, (THEWILL) - Notwithstanding the grandiose remarks accompanying the governors’ presentation of their 2021 budgets, (“Budget of Blush and Bliss” – Cross River; “Budget of Providence” – Osun; “Budget of Accelerated Recovery” – Kogi; “Budget of...

SPECIAL INVESTIGATION: AMCON: Battling Real, Unreal Debtors

...Parties Allege Victimisation ...Accuse Agency of Disregard For Court Orders ...N4trn Debt Threatened BEVERLY HILLS, March 07, (THEWILL) - The Assets Management Corporation of Nigeria (AMCON) is firing from all cylinders to recover over N4 trillion owed it by various entities that...

E-Commerce: Courier, Logistics Firms Groan Under Multiple Taxes

BEVERLY HILLS, March 01, (THEWILL) - Operators of courier and logistic firms facilitating e-commerce in Nigeria are being squeezed by multiple, unending layers of taxes from the federal, state and local government authorities across the country, THEWILL findings have revealed. The...

‘Nigeria’s Economy Now Out Of Recession’

BEVERLY HILLS, February 18, (THEWILL) - The National Bureau of Statistics (NBS) has confirmed that the Nigerian economy has exited recession after two consecutive quarters of negative growth. In its 4th Quarter and 2020 Full Year Gross Domestic Product (GDP) Report...

N395bn Investors’ Fund ‘Trapped’ In Dormant Equities In 2020 – Investigation

BEVERLY HILLS, February 14, (THEWILL) - Amid flourishing outlook of Nigeria’s equity market which earned it the best performing Stock Exchange in the world as at 2020, the nation’s bourse hosted a bunch of dormant equities worth over N395...

FG To Convert N10trn CBN Loan Into 30-Year Bond – DMO

BEVERLY HILLS, February 14, (THEWILL) - The Nigerian government says it will convert the N10 trillion loans it owes the Central Bank of Nigeria (CBN) into a 30-year bond. The ‘indebtedness’ to the CBN was largely by Ways and Means advances...

Cryptocurrency: SEC Makes U-Turn, Backs CBN On Prohibition

BEVERLY HILLS, February 14, (THEWILL) - The Securities and Exchange Commission (SEC) has reversed its stand on cryptocurrency and related products, saying it now supports the Central Bank of Nigeria (CBN) which had ordered banks to terminate all accounts connected...

Nigeria, India Ban Cryptocurrencies

BEVERLY HILLS, February 05, (THEWILL) - The Central Bank of Nigeria (CBN) has, again, warned against any dealings in cryptocurrencies declaring such transactions as prohibited. This is coming on the heels of similar policy action by the Indian government banning...

NSE: Equities Decline On Sustained Bear Pressure, As Investors Lose N112bn

- Naira Depreciates To N397.63/USD On I&E FX Window The Nigerian Stock Exchange (NSE) extended Wednesday’s bearish trend to Thursday, February 4, posting a loss of N112.05 billion due mainly to the absence of significant activities in the major and...

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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