Business

February 09, (THEWILL) — The Bank of Industry (BoI) has secured approval from the Central Bank of Nigeria (CBN) to operate a non-interest banking window, marking a significant step in expanding alternative financing options for businesses. The approval allows BoI...

February 09, (THEWILL) — Nigeria’s manufacturing sector is facing a growing inventory overhang, with manufacturers holding an estimated ₦1.8 trillion worth of unsold goods as weak consumer demand continues to weigh on sales. Industry players say persistently high inflation has...

February 09, (THEWILL) — A split is emerging among Nigerian banks over the timing of fourth-quarter and full-year 2024 earnings releases, with FCMB Group, Wema Bank and FirstHoldCo, filing their results early with the Nigerian Exchange (NGX) while several...

February 08, (THEWILL) — A South Korean cryptocurrency exchange, Bithumb, has apologised after a technical glitch led to the accidental distribution of more than $40bn (£32bn) worth of bitcoin to customers, briefly turning hundreds of users into instant multi-millionaires. The...

February 08, (THEWILL) — The commencement of production in January 2026 at Seplat Energy's 300 MMcfd ANOH gas project situated in Imo State signifies a pivotal moment in Nigeria's economic development strategy. It also represents a significant milestone in...

February 08, (THEWILL) — The Nigerian equities market recorded a robust performance last week, with trading activities rising significantly compared to the previous week. A total turnover of 3.860 billion shares worth N128.581 billion was traded by investors on...

February 08, (THEWILL) — Ecobank Transnational Incorporated delivered a strong performance for the year ended 31 December 2025, reporting a profit before tax of N1.27 trillion. This represents a 30 percent increase compared to the N986.6 billion recorded in the...

February 08, (THEWILL) — Wema Bank Plc has joined the N1 trillion market capitalisation league on the Nigerian Exchange (NGX), following Ecobank, Fidelity, and Stanbic IBTC, which had previously reached the milestone. The addition of Wema Bank to the fold...

February 08, (THEWILL) — In furtherance of its commitment to advancing Nigeria's debt capital markets and facilitating sustainable economic development, FMDQ Securities Exchange Limited has approved the listing of UAC of Nigeria PLC's N54.03 billion Series 1 7-Year 17.35%...

February 08, (THEWILL) — Coronation Merchant Bank has marked a decade of operations with a bold outlook for its next phase of growth, positioning itself to become one of Africa’s leading banks as Nigeria’s economic reforms open fresh opportunities...