Sam Diala, THEWILL

A Litmus Test For Securing Nigeria’s Energy Needs: Inside Dangote’s Oil War With Vested Interests

July 28, (THEWILL) - For a country grappling with an energy crisis that spans over two decades, the coming of Dangote Refinery offers the much-desired hope. In that regard, when Aliko Dangote, President/CEO of Dangote Group, operators of Dangote...

FAAC: LG Allocations Rose by 48.5% to N1.6trn in One Year

July 28, (THEWILL) - Total disbursement from the Federal Account Allocation Committee (FAAC) to the 774 local government areas (LGAs) in Nigeria’s 36 states rose by 48.5 percent to N1.69 trillion (year-on-Year) as...

Dangote Refinery: Time to Remain Focused on Global Spotlight

July 22, (THEWILL) - Recent events have put Dangote Petroleum Refinery and Petrochemicals Company Limited under pressure, causing the founder -- a man not known for many words, but plenty of actions – Alhaji Aliko Dangote, to...

Inflation, Insecurity Threaten Food Import, Forex Gains in H2’24

July 21, (THEWILL) - The Federal Government is firing from all cylinders to revive the ailing economy struck by the twin effects of removal of petrol subsidy and the devaluation of the naira. In the past one year, there...

Recapitalisation: Adaora Umeoji Puts Zenith Bank on Global Spotlight

July 15, (THEWILL) - Zenith Bank Plc, Nigeria’s largest lender by market capitalisation, reaffirmed its industry leadership when the Group Managing Director/Chief Executive Officer, Dame Dr. Adaora Umeoji led the management team to the special forum of stakeholders and...

NIBSS: Enhanced Financial Services Infrastructure Boosts e-Banking Revenue, Financial Inclusion

July 14, (THEWILL) – The Nigeria Inter-Bank Settlement System (NIBSS) is engaged in a silent revolution of the financial services sector through its mandate which focuses on problem-solving initiatives. The far-reaching impact underlying the labyrinth of its activities...

Receding Oil Fortune: NNPC Goes to War, Leaves Dormant Refineries Behind

July 08, (THEWILL) – The Nigerian National Petroleum Company Limited (NNPCL) recently said it had declared war against the challenges affecting the country’s oil production and called for collaboration between stakeholders in the oil and gas industry in the...

South-East States Record $1.89bn External Debt, $261m Investment Inflow in Four Years

July 07, (THEWILL) – Nigeria’s five south-east states accumulated a total of $1.89 billion external debt in four years, between 2020 and 2023; but recorded a paltry $261.6 million foreign investment during the period, The south-east region comprises Abia, Anambra,...

DisCos: Estimated Customers, Revenue Soar Amid Less Supply in Q1 2024

July 1, (THEWILL)- In an ironic twist of events, the number of estimated customers of Nigeria’s electricity distribution companies (DisCos) maintained an upward trend in the first three months of the year (Q1 2024), while the firms recorded higher...

Expert Raises Concern as Nigeria’s Debt Repayment Exceeds Recurrent, Capital Expenditure

June 30, (THEWILL) – Despite the bloated recurrent spending in the 2024 budget and a significant infrastructure gap, Nigeria's debt repayment now exceeds both recurrent and capital expenditure. This is alongside the country’s Foreign Direct Investment (FDI) being at...

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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