Ogochukwu Onwaeze, THEWILL

MTN Defends Tariff Hike, Unveils N1tn Network Investment Plan

June 9 (THEWILL) — MTN Nigeria has defended the recent increase in telecom tariffs, saying the adjustment was critical to the survival of both the company and the wider telecommunications industry, while unveiling plans to invest more than N1tn...

Bullish Run Return As NGX Adds ₦515bn

June 8 (THEWILL) — The Nigerian Exchange (NGX) reversed part of last week’s losses on Monday, as gains in selected stocks lifted market capitalisation by ₦515 billion, despite a closely contested market breadth. Market capitalisation rose from ₦155.593 trillion to...

Nigeria’s Merchandise Trade Rises To ₦34.8trn In Q1 2026 As Exports Strengthen, Imports Decline

June 8 (THEWILL) — Nigeria’s total merchandise trade rose to ₦34.79 trillion in the first quarter of 2026, supported by stronger export earnings and a sharp contraction in imports, according to the latest Foreign Trade Statistics report released by...

FCMB FY 2025 Profit Surges 81% to N202bn, Board Proposes 35 Kobo Dividend

June 8 (THEWILL) — FCMB Group Plc delivered a strong financial performance for the 2025 financial year, posting a profit before tax (PBT) of N202.1 billion, an 80.6 percent increase from N111.9 billion recorded in 2024, driven by robust...

Telecom Operators Dispute NBS $7.24m Capital Importation Figure, Cite Strong Sector Investments

June 8 (THEWILL) — Telecommunications operators in Nigeria have challenged the National Bureau of Statistics (NBS) report showing that the sector attracted just $7.24 million in foreign capital importation in the first quarter of 2026, arguing that the figure...

Regulatory Breaches: Fidelity Bank’s Penalties Climb 305.10% to N645.9m in 5 Years

June 8 (THEWILL) — Fidelity Bank, the flagship subsidiary of Fidelity Bank Group, accumulated fines amounting to N645.9 million within five years (2021-2025), arising from various regulatory violations. thereby ranking it among the foremost offenders in the financial services...

Nigeria Raises Bar for Digital Asset Exchanges as SEC Imposes N2 Billion Capital Threshold

June 08 (THEWILL) — The Securities and Exchange Commission (SEC) has commenced a structural overhaul of Nigeria’s digital asset ecosystem following the issuance of Circular No. 26-1 on January 16, 2026, which raised the minimum paid-up capital requirement for...

Trade Sector Attracts $65.8m Foreign Capital as Investor Confidence Rebounds

June 8 (THEWILL) — Nigeria’s trade sector attracted $65.79m in foreign investment in the first quarter of 2026, marking a 91.3 percent increase from the $34.39m recorded in the corresponding period of 2025, according to the latest capital importation...

FG Cuts Ministers’ Imprest to N700,000, Tightens Spending Controls

June 8 (THEWILL) — The Federal Government has reduced the maximum reimbursable imprest available to ministers to N700,000 and introduced stricter controls on the use of public funds as part of efforts to strengthen financial discipline across Ministries, Departments,...

Young Nigerians, Fintech Apps Fuelling New Wave Of Capital Market Growth – SEC DG

June 6 (THEWILL) — Nigeria’s capital market is witnessing a new wave of growth driven largely by young investors using fintech platforms to access investment opportunities, according to the Director-General of the Securities and Exchange Commission (SEC), Dr Emomotimi...

About Me

Ogochukwu Onwaeze is a writer specializing in business and economic journalism. At THEWILL News Media, she translates market trends, financial developments, and policy shifts into clear and engaging stories.
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UEFA Refuses To End FIFA World Cup Boycott Despite Infantino’s U-Turn

UEFA has confirmed it will continue its boycott of FIFA's men's and women's World Cups despite Gianni Infantino...
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