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.

NCDMB Parleys Chevron, Recommits To Fast-Track Approvals Of Oil Industry Projects

February 04, (THEWILL) - The Nigerian Content Development and Monitoring Board (NCDMB) has restated its commitment to accelerated approvals of requests and documents submitted to it by operating oil and gas companies. The goal is to ensure speedy development...

Telecoms: NCC’s Regulatory Savvy Boosts Revenue For Govt, Banks, Operators– As Taxes, Levies Surge

February (THEWILL) - The strong regulation by the Nigerian Communications Commission (NCC) over the telecommunications (telecoms) industry has created the environment for expanded revenue opportunities by government, banks and operators, THEWILL can confirm. The various windows of taxes, levies and...

Naira Lost N548 In January

February 03, (THEWILL) - The Naira lost a whopping N548.48 at the Nigerian Autonomous Foreign Exchange Market (NAFEM) in January, 2024. This represents a 60.46 percent depreciation during the month. The local currency opened the month with N907.11 per dollar...

Transcorp Posts N34.1bn Pre-Tax Double Profit Amid Surge In Energy Income

January 31, (THEWILL) - Transnational Corporation of Nigeria (Transcorp), reported a two-fold jump in bottom line to N34.1 billion for the 2023 financial, according to its earnings report issued Wednesday. Energy, which contributed 78 per cent of gross revenue, is...

NNPC Ltd Woos South Korean Investors For Gas Projects

January 31, (THEWILL) - The Nigerian National Petroleum Company Limited (NNPC Ltd) has held talks with a South Korean consortium led by Daewoo E & C on the development of gas projects in Nigeria. The Group Chief Executive Officer of...

CBN Issues Circular To Curb Banks’ Excesses In Forex Management

January 31, (THEWILL) - The Central Bank of Nigeria (CBN) has issued a new directive to banks in the management of their foreign currency exposures which the apex bank said had created operational challenges in the system. In a letter...

Threat To Food Security As Cattle Destroy 35,000 Hectares Of Rice Farm In Enugu

January 30, (THEWILL) - A group known as the Enugu State Graduate Farmers, has expressed dismay over the destruction of its 35,000 hectares of rice farm by herders in the state. The farmland is at Ojoloko farm site at Umuiba,...

FIRS Chairman Stresses Importance Of Armed Forces’ Support In Revenue Collection

January 30, (THEWILL) - The Executive Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, on Tuesday, called for the strengthening of the existing symbiotic relationship between the FIRS and the Armed Forces in the country. Mr Adedeji...

IMF Upgrades Global Growth Forecast, Citing U.S. Resilience And Policy Support In China

January 30, (THEWILL) - The International Monetary Fund on Tuesday nudged its global growth forecast higher, citing the unexpected strength of the U.S. economy and fiscal support measures in China. It now sees global growth in 2024 at 3.1%, up...

You Have Not Fully Cleared the Backlog, IATA Responds to CBN on Foreign Airlines’ Blocked Funds

January 30, (THEWILL) - The International Air Transport Association (IATA) has reacted to the statement by the Central Bank of Nigeria (CBN) that it has fully cleared the backlog of blocked funds owed the international airlines. The CBN had...