Sam Diala, THEWILL

Increased Crude Oil Production: NCDMB Advocates Annual FID Week

November 08, (THEWILL) - As part of the strategies to increase Nigeria’s crude oil production and enhance revenue accruing to the national treasury, the Nigerian Content Development and Monitoring Board (NCDMB), has advocated for a week, each year, to...

Despite Insecurity, South-East Grows IGR by 33.5% to N152.94bn in 2023

November 04, (THEWILL) – Nigeria’s five south-east states of Abia, Anambra, Ebonyi, Enugu and Imo, recorded a total internally generated revenue (IGR) of N152.94 billion in 2023. This constitutes a 33.5% growth compared to N114.55 billion achieved in 2022,...

NCDMB, Shell, JV Donate Engineering Studio, ICT Hub to FUTO

November 03, (THEWILL) – The Nigerian Content Development and Monitoring Board (NCDMB) and companies in the Shell operated joint venture with the Nigeria National Petroleum Company (NNPC) Limited have commissioned a world-class engineering design studios and an information and...

Public Procurement Reform: Olusegun Omotola Set for Business Unusual @ BPP

November 03, (THEWILL) – The Acting Director-General of Nigeria’s Bureau of Public Procurement (BPP), Barrister Olusegun Omotola, is set to redefine public procurement and reconfigure the unhealthy platform on which it is practised in the nation’s governance system. However, stakeholders...

$1.28bn Seplat-ExxonMobil Deal Signals Local Content Expansion

October 28, (THEWILL) – Besides boosting Nigeria’s oil and gas production and, ultimately, raising the country’s revenue stream, the recent approval of the $1.28 billion Seplat-ExxonMobil deal by the Nigerian government will impact significantly on the Local Content policy. Recently,...

Revenue Crisis: Time to Pump-out NNPC’s Bauchi/Gombe Oil

October 27, (THEWILL) – With Nigeria struggling to meet its Organisation of Petroleum Exporting Countries (OPEC) quota of 1.7 million barrels per day (currently about 1.4 million) and tackle its lingering revenue challenge, the Kolmani oil and gas wells...

UBA Plc Pumps N135bn Into Digital Infrastructure as e-Banking Income Soars by 90.7%

October 27, (THEWILL) – Determined to remain atop industry performance rating, Africa’s Global Bank -- United Bank for Africa (UBA) Plc, sank a whopping N135.4 billion in its digital infrastructure during the nine months ended September 30, 2024....

Service Disruptions: Unseen Hands of NIBSS Secure Depositors’ Funds

October 21, (THEWILL) - Several Nigerian banks have engaged in systems upgrade in recent times which has created service disruptions to the consternation of the customers and other banks’ services users. In the past weeks, major Nigerian deposit money...

FBN Holdings Plc Appoints Wale Oyedeji as New GMD

October 20, (THEWILL) – FBN Holdings Plc has officially announced the appointment of Adebowale (Wale) Oyedeji as the new Group Managing Director (GMD), effective November 13, 2024. This appointment, which is subject to the approval of the Central Bank of...

DisCos Grow Revenue on Poor Supply, Irregular Billings

October 20, (THEWILL) – In a paradox that has defined Nigeria’s electricity sector, the eleven Distribution Companies (DisCos) across the country recorded increased revenue during the second quarter of the year (Q2 2024) amid poor power supply 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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