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.

Access Holdings acquires Megatech Insurance Brokers Limited

January 15, (THEWILL) - Access Holdings Plc has announced the acquisition of Megatech Insurance Brokers Limited, an insurance brokerage company licensed and regulated by the National Insurance Commission. The Group stated this in a notice to the investing public and...

Nigeria’s Inflation Hits 28.92%, Highest in 27 Years

January 15, (THEWILL) - Nigeria’s annual inflation rate reached the highest level in over 27 years hitting 28.92 percent in December 2023 from 28.20 percent in November, the National Bureau of Statistics (NBS) said Monday. The statistics...

NOVA Merchant Bank Announces Major Increase in Staff Salaries, Commences 2024 Graduate Trainee Program

January 14, (THEWILL) - NOVA Merchant Bank Limited, a leading merchant bank in Nigeria, has announced a substantial increase in staff salaries, effective November 1, 2023. The increase in salary by up to 50% across all...

Afreximbank, UBA Announce Initial Disbursement of US$2.25bn Under Crude Oil Prepayment Facility

January 14, (THEWILL) - African Export-Import Bank (Afreximbank) has successfully arranged a syndicated US$3.3 billion crude oil prepayment facility sponsored by the Nigerian National Petroleum Company Limited (NNPCL). An initial disbursement of US$2.25 million has been made. A...

Mixed Reactions Trail Dissolution Of Union, Polaris, Keystone Banks’ Boards

January 14, (THEWILL) - The recent dissolution of boards and management teams of three deposit money banks by the Central Bank of Nigeria (CBN) has sparked mixed reactions among stakeholders and industry experts. The CBN had announced the dissolution of...

UPDATED: Dangote Refinery Begins Production

January 12, (THEWILL) - Dangote Petroleum Refinery in Lagos has commenced the Production of diesel and aviation fuel. Earlier, the company, which received its fifth shipment of crude cargo on Thursday, January 4, 2024, in a statement, said production would...

CBN Appoints New Executives For Union, Keystone, Polaris Banks

January 11, (THEWILL) - The Central Bank of Nigeria (CBN) has announced new executives for Union Bank Limited, Keystone Bank Limited and Polaris Bank Limited. The CBN, on Wednesday, January 10, 2024, revealed that the appointments followed...

Why We Dissolved Boards Of Union, Keystone And Polaris Banks – CBN

January 11, (THEWILL) - The Central Bank of Nigeria (CBN) has said it dissolved the boards and managements of Union Bank Limited, Keystone Bank Limited and Polaris Bank Limited for infractions against statutory rules which poses a threat...

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...