Sam Diala, THEWILL

DMO Announces First FGN Savings Bond Offers In 2024

January 09, (THEWILL) - The Debt Management Office (DMO) has unveiled the initial bond offering for 2024. The offer comprises two Federal Government of Nigeria (FGN) savings bonds available for subscription according to a statement by the Agency on Monday....

UBA Market Cap Hits N1.022tn Emerges Best Performing Banking Stock In 2023

January 08, (THEWILL) - Africa’s Global Bank, United Bank for Africa (UBA) Plc, on Monday joined the elite group of companies with market capitalisation of over N1tn just as its share price value hits N29.90 per share. At the...

Pressure On Mike Adenuga As NCC Bars Glo Customers’ Calls On MTN Lines Over Indebtedness

January 08, (THEWILL) - The Nigerian Communications Commission (NCC) has announced the commencement of disconnection of Globacom from MTN Nigeria Communicztions Plc (MTN). The NCC in a public notice signed by its Director, Public Affairs Department, Reuben Muoka, released on...

CBN Settles Additional FX Forwards With Banks

January 07, (THEWILL) - In fulfilment of its commitment to eliminate the backlog of pending matured foreign exchange in Deposit Money Banks (DMBs), the Central Bank of Nigeria (CBN) has recently disbursed approximately $61.64 million to foreign airlines through...

Imo Records Zero Foreign Investment In 4 Years–Amid Huge Oil, Gas Deposits

January 07, (THEWILL) - Despite housing the largest natural gas reserves and significant crude oil deposits in Nigeria, Imo state, in South-east region, attracted zero foreign investment in four years, between 2020 and 2023, according to data by the...

Exclusive: Airlines Resume Ticket Sales In Dollar

January, 06, (THEWILL) - Foreign airlines operating in Nigeria have concluded arrangements to resort to ticket sales in dollar, thereby ending the roller-coaster experience of naira transactions. THEWILL authoritatively gathered that the airlines have vowed to resort to dollar...

Exclusive: FG Set To Sack Boards Of Union Bank, Titan Trust Bank

January 06, (THEWILL) - The Federal Government is set to sack the boards of Union Bank Limited and Titan Trust Bank Limited next week in a move to effectively take over the two financial service institutions, a source...

Airtel Africa Plc CEO, Ogunsanya To Retire, Taldar Named As Successor

January 03, (THEWILL) - Airtel Africa Plc on Wednesday announced the retirement of the Chief Executive Officer, Olusegun “Segun” Ogunsanya, with effect from 1 July, 2024. Mr. Ogunsanya, who joined Airtel in 2012, ran the Nigeria Operations of the Telecommunications...

Banks to Comb Customers’ Accounts for 3 Years Foreign Currency Transactions Levy Arrears

January 03, (THEWILL) - Nigeria’s deposit money banks have announced that they will comb their customers’ accounts to deduct the backlog of Electronic Money Transfer Levy (EMTL) on old foreign currency transactions. The deductions, which will be effected in...

Naira Records First Slump At NAFEM In 2024 – Down To N988.46/$1

January 03, (THEWILL) - In what points to the continued roller-coaster regime for the naira in the new year, the local currency slumped to N988.46 to a dollar at the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Tuesday, January...

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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