Ogochukwu Onwaeze, THEWILL

FCMB Asset Management Rebrands Four Mutual Funds, Lowers Investment Thresholds

May 11, (THEWILL) — FCMB Asset Management Limited (FCMBAM), the asset management subsidiary of FCMB Group Plc, has secured approval from the Securities and Exchange Commission (SEC) to rebrand four of its mutual funds and revise minimum subscription...

Senate Confirms Yuguda as CBN Deputy Governor

May 11, (THEWILL) — The Senate has confirmed Lamido Yuguda as a Deputy Governor of the Central Bank of Nigeria (CBN), following his nomination by President Bola Ahmed Tinubu in March 2026. Yuguda’s confirmation, concluded in April 2026, forms...

Soaring Treasury Yields Trigger Capital Flight from Equities

-As Bullish Trend Reshapes Nigeria’s Investment Landscape May 11, (THEWILL) — Nigeria’s capital markets are undergoing a significant reallocation of funds as institutional investors pivot from equities to government securities, driven by a widening yield gap that has redefined risk-return...

Guinness Nigeria Eyes Sustained Double-Digit Growth After Profit Recovery

May 11, (THEWILL) — Following its return to profitability after years of financial pressure, Guinness Nigeria Plc is now focused on sustaining growth through operational efficiency, localised decision-making, and consumer-driven innovation. Managing Director and Chief Executive Officer of Guinness...

Naira Extends Gains Against Dollar, Eyes Break Below N1,350/$

May 11, (THEWILL) — The Nigerian naira continued its impressive rally against the United States dollar, with fresh market data showing the local currency gaining momentum amid improving foreign exchange inflows and stronger investor confidence. In the first half...

FUGAZ Banks Set Aside N2.36tn for Bad Loans as Credit Risks Worsen

May 11, (THEWILL) — Nigeria’s five Tier-1 lenders, collectively known as FUGAZ banks, recorded a sharp rise in loan impairment charges in 2025 as worsening macroeconomic conditions and mounting repayment pressures weighed on borrowers. The banks First HoldCo Plc,...

NGX Gains 0.71% in Week of Mixed Trading as Turnover Surges to N324bn

May 10, (THEWILL) — The Nigerian equities market closed the week on a positive note, as improved investor activity lifted key market indicators despite pockets of profit-taking across some large-cap stocks. The Nigerian Exchange Limited recorded a total turnover of...

NGX Rally Masks Deep Market Imbalance as 24 SWOOT Stocks Drive 92% of N29.83trn Gains

May 10, (THEWILL) — The Nigerian Exchange’s surge to the 242,000-point threshold in May 2026 has cemented one of the strongest bull runs in its history, but beneath the headline performance lies a sharply imbalanced market structure where a...

NGX Rallies as Market Capitalisation Surges by ₦3.2trn on Strong Buying

May 08, (THEWILL) — The Nigerian equities market closed on a strong note on Friday, as renewed buying interest across key counters pushed the benchmark indices sharply higher. Market capitalisation rose from ₦153.858 trillion to ₦157.094 trillion, representing a...

C&I Leasing Grows Q1 Pretax Profit By 9 Percent To ₦533m Amid Strong Lease Income

May 08, (THEWILL) — C&I Leasing Plc posted a pretax profit of ₦532.84 million for the first quarter of 2026, representing a 9.2 percent increase, compared with the ₦487.9 million recorded in the corresponding period of 2025. The company disclosed...

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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