Sam Diala, THEWILL

FG Unveils Draft Regulations for Upstream Oil Operations, Engages Stakeholders

October 10, (THEWILL) - The Federal Government has unveiled seven additional draft regulations to improve operational and regulatory efficiency in the upstream arm of Nigeria’s oil and gas sector. The unveiling was made through the Nigerian Upstream Petroleum Regulatory Commission...

Christopher Ogunbanjo, Business Mogul, Philanthropist, Dies at 99

October 08, (THEWILL) - Christopher Oladipo Ogunbajo, corporate lawyer, business mogul and philanthropist is dead. He died at the age of 99 -- on Saturday, October 7, two months away to his 100th birdhday. He was born in...

Nigeria’s Investment Inflow Fell 9% in Q2 2023 – NBS

October 07, (THEWILL) - The total value of capital importation into Nigeria in the second quarter of the year fell to $1.03 billion from $1.13 billion in the preceding quarter, the National Bureau of Statistics (NBS) said on...

Troubled State of Refineries Points To Underutilised NCDMB

October 07, (THEWILL) - A major fallout from the recently concluded 6th international conference organised by the Centre for Gas, Refining and Petrochemicals (CGRP) of the University of Port Harcourt, based on the reports, was that the Nigerian Content...

Investors’ Scramble for Access, WAPCO, UBA Stocks Lifts Market With N140.77bn Gain

October 06, (THEWILL) - Gains in Access Corporation, WAPCO, and UBA, contributed to lift the stock market by N140.77 billion on Thursday. The three fortune-raisers earned +0.31% (against N16.15 per share), +0.51% (against N29.60 share price) and +0.30%...

First Naira Denominated Infrastructure Fund Lists On NGX

October 05, (THEWILL) - The first local currency-denominated infrastructure investment trust fund in Nigeria and Sub-Saharan Africa, Nigeria Infrastructure Debt Fund (NIBF) has been listed on Nigerian Exchange Limited (NGX). The listing, which took place on Thursday 5 October, was...

Naira Depreciates To N775.20/$ In I&E Window

October 05, (THEWILL) - The naira plunged deeper into depreciation on Thursday shedding 2.5 percent as it exchanged N775.20 to a dollar, against N756.21 it traded at the I&E window a day before. This is about the lowest dip in...

World Bank Marks Down Nigeria’s Growth Projection to 2.9%

October 05, (THEWILL) - The World Bank has revised its economic growth outlook for Nigeria in 2023, to 2.9 percent. This is lower than its earlier projection of 3.3 percent for Africa’s largest economy. In the latest edition of...

I & E Window Records $1.89bn Turnover In September

October 04, (THEWILL) - Turnover on the Investors’ and Exporters’ (I&E) window of the Nigerian exchange market rose to $1.89 billion in September 2023, from $1.87 billion in the previous month (August) according to THEWILL daily tracking of the...

Scramble for Bua Cement, Bank Stocks Pushes Equities to N212.8bn Gain

October 04, (THEWILL) - Renewed investor interest in Bua Cement (+9.94% against N9.94 per share), Zenith Bank (+0.16% on N31.50) and GTCO (+2.18% against N2.28 per share) were the primary drivers of the overall market's strong performance outweighing...

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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