Sam Diala, THEWILL

Food Prices Soar Amid High Inflation – NBS

October 03, (THEWILL) - The National Bureau of Statistics (NBS) has said that the prices of basic food items in Nigeria have continued to soar after the inflation rate climbed another notch in the month of August. In a new...

FMDQ Posts N59.7tr Turnover In Three Months As CPs Hit N412bn

October 03, (THEWILL) - FMDQ Securities Exchange secondary market turnover hits N59.3 trillion between June and August. The figure is higher than N53 trillion achieved in the corresponding period in 2022. Secondary market turnover on FMDQ Exchange in August 2023 stood...

20 Banks In-Liquidation: NDIC Commences Payment of N16.18bn Dividends To Depositors, Others By Sam Diala

October 03, (THEWILL) - Following impressive recoveries from debtors and realisation of assets of banks in liquidation, the Nigeria Deposit Insurance Corporation (NDIC) has announced the declaration of N16.18 billion liquidation dividends to depositors, creditors and shareholders of 20...

British International Investment Partners Access Bank On US$60m Trade Finance Facility Across Africa

October 03, (THEWILL) - British International Investment (BII), the UK’s Development Finance Institution (DFI) and impact investor, has announced a $60 million trade finance facility for Access Bank Plc in Nigeria and five of its pan-African subsidiaries. The parties, in...

Investment Firm Gets Nod To List Shares On Nigerian Exchange

October 03, (THEWILL) - VFD Group, an investment firm, will list its shares on the Nigerian Exchange (NGX) in the days ahead after receiving the go-ahead to do so. The investment firm disclosed this in a statement on Tuesday. About four...

NCDMB Commends Abia Gov On Industrial Park

October 03, (THEWILL) - Highlights Critical Requirements for Low-cost Manufacturing. The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote, has commended Abia State Governor Dr. Alex Otti for the decision of his Administration...

Foreign Exchange Inflow Rises To $10.7bn in Two Months — CBN

October 02, (THEWILL) - The Central Bank of Nigeria (CBN) has revealed that the economy recorded $10.7 billion aggregate foreign exchange inflow in April and May 2023 The CBN, which disclosed this in its May economic report on foreign...

Access Corporation Consolidates Grip On Industry Leadership, Grows Assets To N20.8trn

October 01, (THEWILL) - Six months into its 5-year Strategic Plan (2023-2027), Access Corporation has further raised the bar – consolidating on its prime status as Nigeria’s largest quoted company, by assets, its half-year (HY 2023) results have shown. Generally,...

NLC Refutes Reports of ‘Agreement’ With FG on Planned Strike

September 28, (THEWILL) – The Nigeria Labour Congress (NLC) says it has no agreement with the federal government to call off the planned indefinite strike for 3 October. The News Agency of Nigeria (NAN) reports that Head of Information and...

Huge Decline in Banking Stocks Shrinks Equities Market As Naira Plunges to N775.35/$

September 28, (THEWILL) – Continued decline in major banking stocks --- GTCO (-0.72% from N34.75), Access Corporation (-0.32% against N15.55) and FBNH (-0.31% against N14.10) were the drivers of the market's weak performance. As a result, the ASI's year-to-date (YTD)...

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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