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.

Equities, Forex Markets Record Losses as Supreme Court Declares Tinubu President

October 27, (THEWILL) - Nigeria’s equities and foreign exchange markets declined after the day’s transactions as mixed reactions trailed the Supreme Court’s judgement affirming Bola Ahmed Tinubu’s victory at the February 25 presidential election polls. Nigeria's Supreme Court on...

Investors’ Interest in Telecoms, Banking Lifts Market by N187bn Gain

October 25, (THEWILL) - Nigerian equities market on Tuesday jumped by N187 billion following gains from investors’ scramble for telecoms and banking stocks. The outcome helped the market to bounce back, paring previous session losses as the market...

Oil Thieves Mount CCTV On Trees, Says NNPCL

October 25, (THEWILL) - The Nigerian National Petroleum Company Limited (NNPCL) has disclosed that crude oil thieves now install closed-circuit television cameras on trees. This new tactic, the national oil company said, was aimed at evading the prying eyes...

Naira in Deeper Life-Threatening Plunge, Crashes To N1,310/$ On Black Market

October 25, (THEWILL) - The naira on Tuesday plunged to a record low of N1,310 per dollar on the parallel market, thereby activating life-threatening concerns over prevailing economic hardship that has made life unbearable for the citizens. Spiraling...

SBM Intelligence Puts Nigeria’s Economy on ‘Warning’ Status

October 23, (THEWILL) - SBM Intelligence, a leading research and risk consultancy firm in Nigeria, has stated that Nigeria’s economy is on ‘warning’ status as it ranked 60% in the “Economy” macro-risk indicator The risk assessment consultancy firm revealed this...

UBA GMD, Oliver Alawuba, Conferred With Highest Honour of CIBN

October 23, (THEWILL) -Group Managing Director/CEO of United Bank for Africa (UBA), Oliver Alawuba has been bestowed the Fellowship of the Chartered Institute of Bankers of Nigeria. Alawuba was conferred with the highest honour for bankers during the Institute’s 2023...

Policy Reversal On 43 Import Items Compounds Manufacturers’ Woes

October 22, (THEWILL) - If there are winners and losers in the recent policy reversal which restored the 43 import items formerly restricted from the official foreign exchange (forex) window, it is the manufacturing sector. In a twist of events,...

Bode Agusto, Founder of Nigeria’s First Rating Firm, Dies at 68.

October 19, (THEWILL) – Bode Agusto, Nigerian economist and founder of Agusto & Co, Nigeria’s first credit rating agency, has passed away at 68. Agusto is also a former Director-General of the Budget Office. Before his passing, Agusto was an independent...

FMDQ Changes ‘I&E Window’ to ‘NAFEM’

October 19, (THEWILL) – In a move to abolish segmentation within the foreign exchange (FX) market and bring about greater consistency in terminology, the FMDQ Exchange has announced the change of Investors’ and Exporters’ (I&E) Window” to Nigerian...

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...