Sam Diala, THEWILL

FIRS: Non-Oil Revenue Projected To Hit N20trn On Aggressive Tax Reforms

February 25, (THEWILL) - Nigeria’s non-oil revenue, known for its tardy, clay-footed performance in previous years, has recorded exponential growth in the post-COVID-19 period. Data from the Federal Inland Revenue Service (FIRS) showed that the nation’s non-oil revenue soared...

Elumelu Harps on Efficient Management of State-Owned Assets

FEBRUARY 21, (THEWILL) - Billionaire businessman and chairman, Heirs Holdings Group, Tony Elumelu, has advised officials charged with the responsibility of managing the state-owned assets to imbibe the culture of efficiency through a defined vision in order to...

Expectations Rise On DBN, BOI For Support As MSMEs Battle Economic Crisis

February 17, (THEWILL) - With many micro, small and medium enterprises (MSMEs) battling for survival under the worsening economic crisis, there are renewed expectations that the Development Bank of Nigeria (DBN) and the Bank of Industry (BOI) would step...

CBN Restricts Export Proceeds Transfers By Oil Firms To Boost Liquidity

February 15, (THEWILL) - The Central Bank of Nigeria (CBN) has issued a directive to the international oil companies (IOCs), through the banks, restricting the repatriation of their export proceeds to 50 percent in the first instance. In a...

Nigerian Minister Clarifies MoU With UK – Says No Plan to Allow Foreign Lawyers Practice...

February 15, (THEWILL) - The Minister of Trade and Investment, Dr Doris Azuka-Anite, has debunked media reports that Nigeria and the United Kingdom (UK) have signed a Memorandum of Understanding (MoU) which will enable UK licensed lawyers...

AfCFTA: NCDMB Advocates Database of Skills, Uniform Standards for Goods, Services

February 14, (THEWILL) - As plans to implement the African Continental Free Trade Agreement (AfCFTA) continue to unfold, the Nigerian Content Development and Monitoring Board (NCDMB) has advocated the removal of visa restrictions among African nations, the creation...

Number Of Active Bank Accounts Rises To 151m, NIBSS Says

February 14, (THEWILL) - New data from the Nigeria Inter-Bank Settlement System Plc (NIBSS) has revealed that the number of active bank accounts in Nigeria increased to 151 million in December 2022, Despite a 13 percent growth in...

Master Bakers, Caterers To Embark On Nationwide Strike On February 27

February 13, (THEWILL) - Bakers and caterers under the aegis of Association of Master Bakers and Caterers of Nigeria (AMBCON) has announced plans to withdraw its service nationwide from February 27, should the Federal government refuse to implement the...

Companies Earning Below N25m Exempted From Paying Tax — FIRS

February 13, (THEWILL) - The Federal Inland Revenue Service (FIRS) does not require companies earning less than N25 million to pay tax, says an official of the agency According to the official, FIRS has no plans to tax online content...

Experts Reveal Factors to Shape Economic Growth in 2024

February 13, (THEWILL) - A Pan-African Credit Rating Agency, Agusto & Co. has identified three major economic variables that are likely to have far-reaching impacts on Nigeria's Gross Domestic Product (GDP) gowth in 2024. The leading provider of...

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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