Sam Diala, THEWILL

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.

Devaluation: Naira Loses 241% Value in 9 Months

March 17, (THEWILL)- The Nigerian naira lost 241.12 percent of its value in the official market in nine months of devaluation between June 14, 2023 and March 14, 2024 – amid the rollercoaster ride it experienced during the period. Following...

N30trn Ways And Means: Senate Probe Business as Usual – Experts

March 17, (THEWILL)- About five months after it initiated an investigation into the multi-trillion naira repairs of the nation’s moribund refineries, the Senate on March 12, 2024 commenced another fact-finding process. The upper legislative chamber inaugurated a panel to probe...

Nigeria’s Inflation Soars to 31.7% in February

March 15, (THEWILL) - Nigeria’s inflation rate rose to 31.70 per cent in February from 29.90 per cent recorded in January 2024. This figure indicates an increase of 1.80 per cent, the National Bureau of Statistics said...

CBN Issues Directive on Prudent Management of Forex Gains

March 14, (THEWILL)- The Central Bank of Nigeria (CBN) has issued a directive to all banks on the need to strictly comply with foreign exchange (forex) policy reforms especially as it relates to prudent management of the recent forex...

UTM Solicits NCDMB’s Equity Investment, Approvals For Floating LNG Project

March 14, (THEWILL)- UTM Offshore Limited, promoters of Nigeria’s first Floating Liquefied Natural Gas (FLNG) facility has requested the Nigerian Content Development and Monitoring Board (NCDMB) to invest equity in the project and to accelerate key approvals that would...

Heirs Technologies appoints Obong Idiong as Chief Executive Officer

March 14, (THEWILL) - Heirs Technologies, a leading digital transformation company, has announced the appointment of Obong Idiong as its Chief Executive Officer. Idiong brings considerable experience in the technology sector and a visionary approach to this role....

Access Holdings Plc Announce Return of Aig-Imoukhuede as Chairman after 10 Years

March 13, (THEWILL) - Access Holdings Plc has announced the return of Mr. Aigboje Aig-Imoukhuede, CFR as its Non-Executive Chairman of the group. Mr. Aig-Imoukhuede replaces Mr. Abubakar Jimoh, the erstwhile Chairman of the HoldCo who remains on...

CBN Warns Banks, Authorised Dealers Against Use of Outdated Circulars, Guidelines

March 13, (THEWILL) - The Central Bank of Nigeria (CBN} has frowned against the use of outdated circulars and guidelines by Deposit Money Banks, DMBs, Licensed Non-interest banks and other authorized dealers at its discount. The CBN has, therefore,...

NCC, Swedish Govt Pledge to Depeen Partnerships

March 13, (THEWILL) - The Nigerian Communications Commission (NCC) has expressed its resolve to work with the Swedish government. The NCC Executive Vice Chairman/CEO, Dr Aminu Maida, disclosed this when he received the Swedish Ambassador to Nigeria, Her Excellency,...

NCDMB Lauds Tinubu’s Oil Sector Executive Orders

March 12, (THEWILL) - The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Felix Omatsola Ogbe on Monday applauded President Bola Ahmed Tinubu for announcing three Presidential executive orders. The orders were directed at incentivizing...