Sam Diala

August 16, (THEWILL) — The numbers coming out of Nigeria's corporate sector in the first half of 2026 are impressive. Across several sectors, listed companies have reported substantial increases in revenue, with some recording extraordinary growth in profit as well. The figures are being interpreted as evidence that businesses are adapting successfully to the difficult operating environment and that the government's economic reforms are beginning to produce results.

August 23, (THEWILL) — When the federal government announced last week that removal of petrol subsidy had generated an estimated ₦15.8 trillion in savings between June 2023 and December 2025, the figure was presented as further evidence that Nigeria's painful economic reforms were working. It is, unquestionably, a significantly large number. However, it created a paradox […]

Nigeria may be experiencing a widening disconnect between booming equity market capitalisation and productive value creation. It is conventional wisdom that the equity market is the barometer of the economy. And this is true of the advanced economies: London, New York, Tokyo, Korea.

August 30, (THEWILL) — Nigeria's quest to reduce its dependence on crude oil may be entering a more consequential phase, but the country's ability to translate rising non-oil exports into sustainable economic growth will depend on whether it can move beyond selling raw commodities and begin exporting more processed and higher-value products. That was one […]

The revelation of Geregu Power Plc default on its bond obligations shocked Nigerians when it became public in late July 2026. Consequently, the FMDQ Securities Exchange -- the market infrastructure provider -- identified Geregu's N409.09 billion senior unsecured bond as being in "credit default" early August.

Industry experts express concern that for a financial institution whose most valuable asset is neither its branches nor its technology but trust, repeated regulatory breaches can become considerably more expensive than the fines attached to them.

Uber has described the decision as the outcome of a review of its evolving business priorities and investment focus across Africa.

SAM DIALA x-rays Nigeria's reclassification to a frontier market status by FTSE Russell and argues that the feat does not translate to productive economic transformation.

The numbers coming out of Guinness Nigeria Plc are impressive enough to invite celebration, especially amid deep economic headwinds.

The country possesses one of Africa's largest consumer markets, a huge and youthful population, abundant agricultural resources, substantial oil and gas reserves, a rapidly expanding digital economy, a vibrant entrepreneurial culture and an increasingly sophisticated financial sector.