Business

Inside Nigeria’s N100 Trillion Stock Market Breakthrough

January 19, (THEWILL) — The Nigerian Exchange (NGX) has crossed a historic threshold, cementing its place among the world’s fastest-rising equity markets at the start of 2026. In just the first two weeks of the year, total market capitalisation...

Why we Renamed Optimus as PlutusNeo – Afrinvest GMD

Says digitisation is pulling more youths into the stock market January 19, (THEWILL) — The Group Managing Director of Afrinvest (West Africa) Limited, Dr. Ike Chioke, has explained that the decision to rename the firm’s digital investment platform from Optimus...

SEC Corrects Fund Managers’ AUM Capital Rule from 10% to 0.1%

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January 19, (THEWILL) — The Securities and Exchange Commission (SEC) has clarified that fund and portfolio managers will be required to hold 0.1% of Assets Under Management (AUM) as regulatory capital and not 10% as initially stated in its...

ATM Transactions Hit ₦36.34trn in Six Months Despite New Withdrawal Fees

January 19, (THEWILL) — Automated Teller Machine (ATM) transactions in Nigeria rose to ₦36.34 trillion in the first six months of the year, underscoring sustained reliance on cash withdrawals despite the introduction of additional ATM fees. Data from the...

Tax Incentive Reforms Trigger Corporate Restructuring Across Sectors

January 19, (THEWILL) — Recent adjustments to Nigeria’s tax incentive framework are driving a wave of corporate restructuring as companies reposition to optimise costs, compliance, and long-term growth, according to market watchers. Businesses across manufacturing, energy, technology, and financial...

2026: States’ Budgets Jump 47.8% to N37trn on FAAC Windfall

January 18, (THEWILL) — The total budgets for Nigeria's 36 states in 2026 have risen by N12 trillion within a year, increasing from N25.03 trillion in 2025 to N37.01 trillion this year, which indicates a rise of 47.8 percent....

NGX Posts Weekly Gains as Market Breadth Remains Positive

January 18, (THEWILL) — The Nigerian equities market closed the week on a positive note, supported by improved trading activity and broad-based gains across most indices. A total turnover of 4.607 billion shares worth N130.636 billion was recorded during...

NGX Confirms Listing of 3.156bn UBA Shares, Deepening Liquidity, Market Capitalisation

January 18, (THEWILL) — The Nigerian Exchange Limited (NGX) has admitted an additional 3.16 billion ordinary shares of United Bank for Africa (UBA) Plc to its Daily Official List, signalling a major enhancement of the bank’s market capitalisation whilst...

United Capital Appoints New Investment Committee Members to Boost Growth

January 18, (THEWILL) — In a bid to reposition for infrastructure opportunities in Nigeria and across Africa, the Board of Directors of United Capital Plc has announced the appointments of four highly experienced, infrastructure investment experts as independent...

Nigeria Stocks Post 51% Return in 2025, Deliver Strong Real Gains

January 18, (THEWILL) — Nigeria’s equity market delivered its strongest performance in nearly two decades in 2025, as the Nigerian Exchange Group (NGX) All-Share Index (ASI) surged 51.19 percent , decisively outperforming headline inflation, which eased to 15.15 percent...
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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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