Sam Diala, THEWILL

Equities Deals Jump 30% Y-t-D as Investors Gain N14.5trn in August

September 02, (THEWILL) – The admixture of fiscal and monetary policy initiatives impacted considerably on the equities market in the eight months of the year – pushing the All-Share Index to a growth of 30%, year-to-date, as bargain hunters...

Nigeria Spent $28.65bn on Foreign Education in 10 Years – Report

September 01, (THEWILL) – Foreign education cost Nigeria $28.65bn from 2010 to 2020, with Personal Transport Allowance totalling $58.7bn, a report by the Office of the Deputy Speaker, House of Representatives, quoting the Central Bank of Nigeria, has disclosed. In...

‘Recent Fiscal Policies May Worsen Nigeria’s Inflation’

September 01, (THEWILL) – A foremost credit rating agency, Agusto & Co, has warned that Nigeria’s inflation, which recently saw a slight moderation, is at risk of persisting due to several upcoming fiscal measures. According to Agusto & Co, the...

Concerns as NNPCL Seeks Private Firms to Run Refineries

September 01, (THEWILL) – In an apparent state of bewilderment stemming from what stakeholders and industry experts ascribed to ineptitude and corruption, the Nigerian National Petroleum Company Limited (NNPC) has made a detour on the endless route towards fixing...

Economic Hardship: Over 31m Nigerians Currently Facing Severe Food Crisis – FG

August 29, (THEWILL) – The Federal Government has said more than 31.8 million Nigerians are currently facing acute food shortages due to ongoing security challenges and the recent removal of fuel subsidy. This is according to a study conducted...

NDIC To Liquidate 87 Microfinance Banks, Others

August 29, (THEWILL) – The Nigerian Deposit Insurance Corporation (NDIC) will, at the expiration of its notice released on August 23, 2024, approach a Federal High Court to grant the order to dissolve 87 microfinance banks and primary...

Oil, Agric, Manufacturing Sectors Struggle As Nigeria’s Economy Records 3.19% GDP Growth

August 27, (THEWILL) – Nigeria’s key revenue and employment generating sectors are struggling to achieve enhanced and sustainable growth as the economy grapples with multi-faceted challenges. The affected sectors include oil, agriculture and manufacturing. According to data by the National...

NNPCL’s Operating Expenses Soar 75.5% to N2.9trn in 2023 Amid Dormant Refineries

August 26, (THEWILL) – Operating and related expenses of the Nigerian National Petroleum Company Limited, NNPCL, witnessed a significant increase in 2023, while it superintended over four resource-gulping idle refineries and engaged in massive importation of refined petroleum products. The...

Recapitalisation: FCMB Sees Triple-Digit Growth Amid e-Banking Revenue Surge

August 25, (THEWILL) – FCMB Group, a foremost financial services holding company, posted impressive results for its half year 2024 operations. The remarkable performance, which reflects a positive trajectory towards a triple-digit growth in the recapitalization environment, underscores its...

Stock Exchange Rates: Fidelity Bank Highest On Corporate Governance

August 23, (THEWILL) – The Nigerian Exchange Limited (NGX) has rated Fidelity Bank Plc highest on corporate governance. Details of the performance assessment revealed by the bank showed that Fidelity Bank Plc complies with the highest corporate governance standards...

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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