Business

Market Closes Higher As Gainers Outpace Losers In Thursday’s Session

January 29, (THEWILL) — The Nigerian equities market ended Thursday’s trading on a positive note, as market capitalization rose from N105.736 at the open to N105.969 at the close. Meanwhile, the NGX All-Share Index (ASI) remained flat at 165,164.38, indicating...

Oil prices Surge As Iran Tensions Push Nigerian Crude Toward $70/barrel

January 29, (THEWILL) — Crude oil prices climbed sharply in global trading this week as mounting fears of a potential military strike on Iran rattled markets, pushing Nigerian benchmarks close to $70 per barrel and lifting energy sector sentiment....

BUA Foods posts N534.8bn Profit in 2025 As Revenue Climbs to N1.8trn

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January 29, (THEWILL) — BUA Foods Plc recorded a strong financial performance in 2025, posting a profit after tax of N534.8 billion as revenue surged to N1.8 trillion, reflecting robust demand across its food processing segments and improved operational...

PwC, BusinessDay To Host CEO Roundtable On Nigeria’s 2026 Budget, Outlook

January 29, (THEWILL) — PricewaterhouseCoopers (PwC) Nigeria and BusinessDay Media have announced plans to host a high-level CEO roundtable discussing Nigeria’s 2026 budget and its implications for the business environment, investment climate, and economic growth prospects. The event, scheduled...

Calls Grow For Rate Cut As Economy Stabilises

January 29, (THEWILL) — Growing signs of macroeconomic stabilisation in Nigeria are fueling calls from economists, business leaders, and financial market analysts for the Central Bank of Nigeria (CBN) to begin easing its tight monetary policy stance to...

Naira Hits 22-Month High In Official Market, Strengthens To N1,394/$

January 29, (THEWILL) — The naira continued its recovery at the official foreign exchange market, rising to a 22-month high of N1,394 per dollar, reflecting improved dollar liquidity and growing investor confidence in Nigeria’s monetary reforms. Market data showed...

Market Slips As Losers Outnumber Gainers In Midweek Trading

January 28, (THEWILL) — The Nigerian equities market closed lower on Wednesday, as selling pressure outweighed buying interest across several stocks. The market capitalization opened at N106.088 and declined to N105.736 at the close of trading, while the NGX All-Share...

Nigeria’s New Economic Model Under Tinubu To Drive Higher GDP Figures – IMPI

January 28, (THEWILL) — One of Nigeria’s notable policy groups, the Independent Media and Policy Initiative (IMPI) has said that the new economic model deployed by the President Bola Tinubu administration is bound to drive the country’s GDP higher...

FG Moves To Redraw Oil Field Boundaries As 13% Derivation Disputes Drag On

January 28, (THEWILL) — The Federal Government, through the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), has commenced the plotting of geographic coordinates for newly drilled and long-disputed oil and gas fields along state boundaries — a move...

Strong Demand Drives Full Subscription Of FG’s N501bn Power Sector Bond

January 28, (THEWILL) — The Federal Government’s N501 billion power sector bond has recorded full subscription, reflecting strong investor confidence in the ongoing reforms within Nigeria’s electricity industry and the government’s commitment to settling legacy power sector obligations. The...
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Tinubu Doesn’t Live Large — NRS Boss Fires Back At Critics, Says President Walks To Work, Eats Once Daily, Debunks $279m Fraud Allegation

Describing the allegations as entirely false, Adedeji said they were the handiwork of individuals determined to discredit him and weaken public confidence in the Tinubu administration.
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