Ogochukwu Onwaeze, THEWILL

DBN Surpasses ₦1trn In MSME Financing, Targets Two Million Businesses In New Growth Plan

June 4 (THEWILL) — The Development Bank of Nigeria (DBN) Plc has disbursed more than ₦1 trillion to over one million Micro, Small and Medium Enterprises (MSMEs), helping to create over 1.6 million jobs since it began operations in...

Investors Lose ₦2.28tn as Market Selloff Deepens

June 03, (THEWILL) — The Nigerian equities market extended its bearish streak on Wednesday as widespread selloffs across major stocks dragged key market indicators lower, wiping ₦2.28 trillion off investors’ wealth. Market capitalisation declined from ₦158.219 trillion at the opening...

Foreign Capital Inflows Surge 84 percent to $10.37bn as Investors Flock to Nigerian Assets

June 03, (THEWILL) — Nigeria recorded a sharp rise in foreign capital inflows in the first quarter of 2026, attracting $10.37 billion, an 83.8 percent increase from the $5.64 billion recorded in the same period of 2025, according to...

Public Sector Pension Contribution Jumps 235% as Compliance, Arrears Payments Drive Growth

June 3 (THEWILL) — Public sector pension contributions surged by 234.85 per cent to ₦550.96 billion in the fourth quarter of 2025, highlighting stronger compliance with Nigeria’s Contributory Pension Scheme (CPS) and the settlement of outstanding pension arrears. This was...

Legend Internet Swings To ₦199m Loss As Expansion Costs Surge, Eyes Stronger Earnings Ahead

June 3 (THEWILL) — Legend Internet Plc has reassured investors of stronger future earnings prospects despite posting a pre-tax loss of ₦199.34 million for the six months ended January 31, 2026, as aggressive spending on network expansion, rising operating...

Retail Deposits Hit ₦39trn As Banks Hold Ground Against Fintech Challenge

June 3 (THEWILL) — Nigerian banks continued to strengthen their grip on retail deposits in 2025 despite growing competition from fintech firms, with deposits across six major lenders rising 24 percent year-on-year to ₦39.01 trillion from ₦31.46 trillion in...

CBN Approves Abbey Mortgage Bank’s Transition To Commercial Banking

June 3 (THEWILL) — Abbey Mortgage Bank Plc has secured approval from the Central Bank of Nigeria (CBN) to transition from a primary mortgage bank to a commercial bank, marking a significant milestone in the institution’s growth strategy. The lender...

Dangote Refinery Eyes Global Jet Fuel Leadership With 700,000bpd Expansion Plan

June 3 (THEWILL) — Dangote Refinery is positioning itself as a major player in the global aviation fuel market, unveiling plans to add 700,000 barrels per day (bpd) of refining capacity by 2028 as it seeks to capitalise on...

Cardoso Reshuffles CBN Leadership, Appoints Ikeazor to Oversee Monetary Policy

June 02, (THEWILL) — Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has reassigned the responsibilities of the institution’s four deputy governors in a strategic leadership reshuffle aimed at aligning the bank’s expertise with its evolving priorities. Under...

Transport Costs Rise Across Nigeria as Intercity Bus Fare Hits N9,607 in April

June 02, (THEWILL) — Transportation costs remained elevated across Nigeria in April 2026, with the average fare paid by commuters for intercity bus travel rising to ₦9,607.41, reflecting the continued impact of inflationary pressures, high fuel costs, and rising...

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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