Sam Diala, THEWILL

Economic Crisis: NDIC Roles Erase Concerns Over Financial System Stability

March 04, (THEWILL) –  The revelation by the Nigerian Deposit Insurance Corporation (NDIC) that it recently reimbursed depositors of 179 rested microfinance and four mortgage banks across the country was timely. Coming after the Corporation said it made cumulative payments...

World Bank Group Prepares Major Overhaul to Guarantee Business

March 04, (THE WILL)-  The World Bank Group has announced a major overhaul to its guarantee business that will deliver simplicity, improved access, and faster execution through a new, convenient marketplace.  The new reforms are critical to achieving the goal...

Why There are Revenue Leakages – FIRS Chairman

March 03, (THEWILL) - The Executive chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, has identified multiple collection channels as the cause of  revenue leakages. Adedeji spoke when he appeared before the House of Representatives Committee on finance to...

Protection Of Nigerian Depositors Remains Priority, NDIC Says

The Nigeria Deposit Insurance Corporation (NDIC) has disclosed that the Corporation has introduced the Single Customer View (SCV) framework to expedite payment to depositors of closed banks while reiterating that their priority is to protect Nigerian depositors. Speaking at the...

Govt Slams Binance with $10bn Fine

March 03, (THEWILL)- The crypto trading platform Binance has been slammed with a $10 billion fine by the Federal Government over allegations of influencing the country’s forex crisis. The special adviser to President Bola Tinubu on information and strategy, Bayo...

FG to Borrow N1.64trn Via Treasury Bills in Q2 2024

March 03, (THEWILL)-  The Central Bank of Nigeria, CBN, has said it would sell Treasury Bills, TBs, worth N1.64 trillion for the second quarter 2024, Q2’24 on behalf of the federal government. This is contained in the apex bank’s Nigeria...

Forex Crisis: CBN Revokes Operational Licenses of 4,173 BDCs

March 03, (THEWILL)-  The Central Bank of Nigeria, CBN, has revoked the licenses of 4,173 Bureau De Change Operators. According to the apex bank, the affected institutions failed to observe regulatory provisions. These, according to the bank, include payment of all...

Minister Inaugurates NCDMB Governing Council, Pledges to Increase Local Content Achievements

March 03, (THEWILL)-  The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri on Thursday in Abuja inaugurated the 4th Governing Council of the Nigerian Content Development and Monitoring Board (NCDMB). The NCDMB Governing Council is set up under...

Divisive Language, Veiled Threats Against Labour Unacceptable – NLC Replies Tinubu

March 03, (THEWILL)-  The Nigeria Labour Congress (NLC) says the use of divisive language and veiled threats against Labour by President Bola Tinubu is unacceptable. Responding to the remarks made by the President against the NLC on Thursday,  Labour urged Tinubu...

Transcorp Power to List on NGX at N1.8tr Market Cap

March 03, (THEWILL)- Transcorp Power is set to debut on the Nigerian Exchange Limited (NGX), boasting a market capitalisation of N1.8 trillion. The company is a member of the Transcorp Group, which includes Transcorp Hotel, equally listed as a separate entity. The...

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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