Ogochukwu Onwaeze, THEWILL

Nigeria’s Daily Petrol Consumption Jumps to 51.1 Million Litres in April

May 13 (THEWILL) - Nigeria’s average daily petrol consumption rose sharply to 51.1 million litres in April 2026, up from 47.3 million litres recorded in March, according to the latest industry data released by the Nigerian Midstream and...

FG to Raise N600bn Through May 2026 Bond Auction as DMO Targets Investors

May 13 (THEWILL) - The Debt Management Office (DMO), acting on behalf of the Federal Government, has announced plans to raise N600 billion through a fresh Federal Government of Nigeria (FGN) bond auction scheduled for May 2026. According to...

NGX Extends Rally As Market Capitalisation Rises To ₦161.77trn On Buying Interest

May 12, (THEWILL) — The Nigerian equities market sustained its upward momentum on Tuesday, as continued buying interest across several stocks pushed key performance indicators higher. At the close of trading, the market capitalisation increased from ₦160.256 trillion at the...

Fidelity Bank Reports ₦242.4bn Profit As Gross Earnings Hit ₦1.52tn In FY 2025

May 12, (THEWILL) — Fidelity Bank Plc has posted a strong financial performance for the 2025 financial year, with gross earnings rising by 45.6 percent to ₦1.52 trillion, driven by growth in interest income, fees and commissions, and stronger...

First Bank Director Buys N177.9m First HoldCo Shares Amid Strong Market Rally

May 12, (THEWILL) — First HoldCo Plc has disclosed that Anil Dua, a non-executive director on the board of First Bank of Nigeria, acquired shares in the financial services group valued at N177.9 million, amid renewed investor interest in...

First HoldCo Seeks Shareholders’ Approval for N253bn Capital Raise at 14th AGM

May 12, (THEWILL) — First HoldCo Plc, the parent company of First Bank of Nigeria, will seek shareholders’ approval to raise N253.1 billion in fresh capital at its 14th Annual General Meeting scheduled for May 29, 2026, as the...

Unilever Nigeria Approves N18.67bn Dividend as Profit More Than Doubles in 2025

May 12, (THEWILL) — Unilever Nigeria Plc has approved the payment of N18.67 billion as dividend to shareholders for the 2025 financial year following resolutions passed at its Annual General Meeting (AGM) held on May 8, 2026, in...

Equities Rally As NGX Market Cap Crosses ₦160trn On Broad Buying Interest

May 11, (THEWILL) — The Nigerian equities market began the week on a strong note on Monday as sustained buying interest across several stocks pushed key indicators higher, lifting the market capitalisation above the ₦160 trillion mark. At the close...

Abbey Mortgage Eyes ₦164.5bn Capital Raise To Drive Expansion, Restructuring

May 11, (THEWILL) — Abbey Mortgage Bank Plc is seeking shareholders’ approval to raise ₦164.5 billion through a combination of equity and debt issuances as part of plans to strengthen its capital base, expand operations, and support long-term growth. The...

CBN Reshuffles DG’s Portfolios: Yuguda Heads Financial Stability As Usoro Returns To Operations

May 11, (THEWILL) — The Central Bank of Nigeria (CBN) has carried out a major reshuffle of its deputy governors’ portfolios as the apex bank intensifies efforts to strengthen monetary policy coordination, banking sector oversight and institutional governance. The reshuffle...

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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