Sam Diala, THEWILL

Heirs Holdings Oil & Gas Rebrands, Becomes Heirs Energies Ltd

October 19, (THEWILL) - Heirs Holdings Oil & Gas has announced a major rebranding, and changed its name to Heirs Energies Limited with a new logo colour scheme, reinforcing the strategy of meeting Africa’s unique energy needs in a...

Shocker: Naira Trades N1,100/$ on Parallel Market, Official Window Turnover Shrinks to $69.88m

October 18, (THEWILL) - Nigeria’s naira closed trading at a record low of N1,100 per dollar on the parallel market on Wednesday according to data from Aboki.fx, an online forex tracking platform. Lagos street currency traders who spoke to THEWILL...

Investors’ Hunt for Zenith Bank, GTCO, UBA Stocks Lifts Equities Market by N16bn

October 18, (THEWILL) - The rally recorded in major bank stocks led to a N16 billion gain on the equities market Wednesday as investors intensified their hunt for key bellwether stocks. This extended the bullish trend of yesterday to...

Equities Market Gains N158bn on Investors’ Push for Banks’ Stocks

October 18, (THEWILL) - Investors’ preference for banks’ stocks on Tuesday drove the equities market into positive territory, recording a gain of N158 billion at the end of the day’s trading. Recovering from the previous session's loss, the domestic...

Local Content Africa’s Route to Economic Development — Wabote

October 18, (THEWILL) - African nations seeking to achieve economic prosperity must develop local capabilities to process, utilize, and export their resources as a means of powering their growth and development, the Executive Secretary of the Nigerian Content Development...

Why We Embarked On Corruption Index Survey – NBS

October 18, (THEWILL) - The National Bureau of Statistics (NBS) says its corruption survey is aimed at assessing the Federal Government’s fight against corruption. The Statistician-General of the Federation, Semiu Adeniran, said this at the Train the Trainers programme for...

Moghalu Flays FG on $1.5bn World Bank Loan, 360 SUVs for Lawmakers

October 17, (THEWILL) - A former Deputy Governor of the Central Bank of Nigeria (CBN), Prof Kingsley Moghalu, has reacted to the $1.5 billion World Bank loan which the Federal Government has planned to collect to fund its budget...

Naira In Record Plunge, Hits N848.12/$ At I&E Window

October 17, (THEWILL) - In an unprecedented turn of events, the Naira tumbled to its deepest place on Tuesday to settle at N848.12/$ at the investors' and exporters' (I&E) window. This is an 8.9% depreciation compared with the N778.80/$...

2024 Budget: Economic Expert Canvasses Wage Increase, Full Subsidy

October 17, (THEWILL) – Nigerian government should consider full removal of petroleum products subsidy and significant increase in workers’ wages in the 2024 budget. This view was canvased by the Director, Centre for Economic Policy, University of Lagos, Prof Ndubuisi...

Capital Importation: FBN Limited Dethrones Key Players, Emerges Top Investment Channel In Q2’23

October 15, (THEWILL) - In a dynamic twist of events, First Bank of Nigeria (FBN) Limited received the highest investment inflow into the economy in Q2 2023 with $323.13 million. This represents 18.23 percent of $1.03 billion total capital...

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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