Sam Diala, THEWILL

Global Financial Crisis: Chinese Leader Fingers ‘Excess Chase Of Profit’ At World Economic Forum

BEVERLY HILLS, January 25, (THEWILL) - China’s President, Xi Jinping, has blamed what he called excess chase of profit by financial players and a great failure of appropriate regulation for the global financial crisis that has plagued the world...

Unilever Nigeria Posts N1.59bn Loss In 2020

- As Stakeholders Bemoan Gloomy Outlook BEVERLY HILLS, January 24, (THEWILL) - Unilever Nigeria Plc, a leading consumer goods company, recorded N1.59 billion post-tax loss in 2020, representing 62.3 per cent lower than the N4.22 billion reported in the preceding...

Equity Market Maintains Bullish Trend As Investors Lose N51bn

BEVERLY HILLS, January 22, (THEWILL) - The divergence in the Nigerian Stock Exchange (NSE) settled on Friday on a negative note as the NSE-ASI depreciated by -0.24 per cent to close at 41,001.99 basis points as against -0.12 per...

Diaspora Remittances: CBN Vows To Sanction Errant Operators

BEVERLY HILLS, January 22, (THEWILL) - The Central Bank of Nigeria (CBN) has vowed to sanction international money transfer operators (IMTOs) still paying diaspora remittances in the local currency, Naira. The bank had in December 2020 directed that IMTOs and...

NSE Compensates 49 Investors With N17.02m, Records N305.11m Shares Recovery

BEVERLY HILLS, January 19, (THEWILL) - The Nigerian Stock Exchange (NSE) said it compensated no fewer than 49 investors who suffered pecuniary losses in 2020 with the sum of N17.02 million. It also added that it facilitated restitution and recoveries of...

NSE: Market Stretches 2 Days Slide As Investors Lose N16.08bn

BEVERLY HILLS, January 19, (THEWILL) - Equities market, again, closed Tuesday January 19, on a negative note, extending the losing streak recorded Monday for the second day.The NSE-ASI depreciated by -0.07% to close at 41,051.63 basis points as against -0.23%...

Why MPC Will Sustain Hold On Rates This Week – Experts

- As FG Auctions N150bn Bond BEVERLY HILLS, January 17, (THEWILL) - Ahead of the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) first meeting in 2021, scheduled for this week, experts have predicted that the Committee will decide to...

Why We Launched Parallel Exchange Rate Platform – ABCON President

BEVERLY HILLS, January 17, (THEWILL) - The exchange rate platform recently introduced by the Association of Bureau De Change Operators of Nigeria (ABCON) aims to counter the negative impact of speculative rates published by popular online platform, Aboki Forex (Aboki.fx),...

Nigeria’s Inflation Rate Soars 15.75% In December, Highest In 32 Months

BEVERLY HILL, January 15, (THEWILL) - Nigeria’s inflation rate rose to 15.75 per cent in December 2020, hitting the highest level in 32 months, according to data by the National Bureau of Statistics released Friday. This is 0.86 per cent...

CBN Unveils Frameworks For Financial System Innovations

BEVERLY HILL, January 14, (THEWILL) - In pursuit of financial service innovations within the digital space of its mandate, the Central Bank of Nigeria (CBN) has unveiled frameworks for implementing two policy initiatives meant to achieve this objective. In two related...

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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