Sam Diala, THEWILL

Devaluation, Corruption, Inefficiency Behind High Cost of Ports Operations

May 19, (THEWILL)- The high cost of goods and services as well as the increase in operating expenses experienced by businesses in Nigeria are, directly or indirectly, linked to the high cost of doing business in the country’s ports. Findings...

NMDPRA Accused of Awarding Depot Construction to Non-existent Company

May 19, (THEWILL)- Two civil society organisations, Divine Era Development and Social Rights Initiative (DEDASRI) and Media Advocacy West Africa (MAWA-Foundation), have accused the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) of allegedly awarding the construction of an...

NCC Suspends Issuance Of Operational Licences To Communications Firms

May 17, (THEWILL)- The Nigerian Communications Commission (NCC) has announced the suspension of the issuance of communication licences in three categories including Mobile Virtual Network Operator (MVNO), Interconnect Exchange, and Value Added Service Aggregator. The Commission announced this in a...

Zenith Bank Notifies Customers On Identity Card Expiration

May 15, (THEWILL)- In a bid to update customers’ records in its database and ensure seamless operations, Zenith Bank Plc has commenced moves to eliminate expired identification modes. The most affected are the driver’s licence and international passports, which have...

Halilu Tasks NASENI Finance Managers On Effective Resource Management

May 15, (THEWILL)- The Executive Vice Chairman and Chief Executive Officer (EVC/CEO), National Agency for Science and Engineering Infrastructure (NASENI), Mr. Khalil Suleiman Halilu, has underscored the importance of effective resource management, emphasising the Agency's responsibility in administering public...

We’re Not Responsible For Naira Depreciation – BDCs

May 15, (THEWILL)- As the Economic and Financial Crimes Commission (EFCC) intensifies the clampdown on Bureau De Change (BDC) operators over the continued depreciation of the naira, members of the Association of Bureau De Change Operators of Nigeria (ABCON)...

Unilever Nigeria Shareholders Approve N4.3bn Dividend

May 14, (THEWILL)- Despite the challenging operating environment, shareholders of Unilever Nigeria Plc have approved a N4.3 billion dividend for the 2023 financial year. The shareholders approved the dividend at the company’s 99th Annual General Meeting (AGM) held in Lagos. The...

CBN To Transfer N5.5trn Development Finance Activities To Private Banks, DFIs

May 14, (THEWILL)- The Central Bank of Nigeria (CBN) is set to undergo a major operational overhaul, aiming to transfer about N5.5 trillion in development finance activities to a combination of private banks and Development Finance Institutions (DFIs). According to...

Cybersecurity Levy: SERAP, BudgIT, 136 Nigerians Drag CBN to Court

May 13, (THEWILL)- The Socio-Economic Rights and Accountability Project (SERAP), BudgIT and 136 concerned Nigerians have filed a lawsuit against the Central Bank of Nigeria (CBN) “over its failure to withdraw the patently unlawful ‘Circular’ directing all banks and...

Electricity Crisis: Why Unbundling of TCN May Offer no Reprieve

May 13, (THEWILL)- Electricity Consumers, industry experts, insiders and other stakeholders have expressed the doubt about the relevance of the recent unbundling of the Transmission Company of Nigeria (TCN) into two entities in solving the notorious electricity challenge that...

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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