Business

January 12, (THEWILL) — As Nigeria’s banking industry races toward a March 2026 regulatory deadline, recapitalisation has moved beyond a box-ticking exercise to become one of the most consequential structural shifts the sector has seen in two decades. What...

January 12, (THEWILL) — KPMG has clarified that its recent newsletter on Nigeria’s newly enacted tax laws was intended to support understanding and implementation of the reforms, not to criticise government policy. This is according to a statement issued by...

January 12, (THEWILL) — First HoldCo’s additional 2,575,851,543 ordinary shares of 50 kobo each were officially admitted to the Nigerian Exchange (NGX) Daily Official List on Monday, January 5, 2026. This was disclosed in a section of the NGX weekly...

January 12, (THEWILL) — Nigeria’s debt servicing obligations are projected to exceed ₦91 trillion by 2028, underscoring the growing fiscal pressure facing the federal government under President Bola Tinubu’s administration. Data from budget documents and fiscal projections show that...

January 12, (THEWILL) — The Nigeria Deposit Insurance Corporation (NDIC) has approved a second liquidation dividend of ₦24.3 billion for depositors of the defunct Heritage Bank Plc, whose balances exceeded the ₦5 million insured limit. The payout follows the revocation...

January 11, (THEWILL) — Eight (8) chief executives of Nigerian banks are guiding their institutions through the process of recapitalisation; an initiative projected to inject over N4 trillion in new capital into the banking sector, as the countdown to...

January 11, (THEWILL) — The Nigerian Exchange recorded a mixed trading performance during the week, with equities closing higher despite a notable decline in market turnover. A total turnover of 4.164 billion shares valued at ₦94.026 billion was traded during...

January 11, (THEWILL) — Foreign investor participation on the Nigerian Exchange (NGX) strengthened in 2025, marking a clear rebound from years of subdued activity, as improving foreign exchange liquidity, strong equity returns, and policy reforms renewed offshore interest in...

January 10, (THEWILL) — The Presidential Fiscal Policy and Tax Reforms Committee has defended Nigeria’s newly enacted tax laws, describing them as a bold reform package designed to strengthen fairness, improve competitiveness, and close long-standing loopholes in the...

January 09, (THEWILL) — In a major boost to Nigeria’s anti-corruption drive, the British Crown Dependency of Jersey has commenced the process to repatriate over $9.5 million (£7 million) in looted funds to the Federal Government of Nigeria, following...