Business

Equities Market Rallies As ASI Climbs To 162,298 Points

January 09, (THEWILL) — The Nigerian equities market closed on a strong note on Friday, extending its bullish momentum as sustained buying interest across select stocks lifted key market indicators. Market capitalisation advanced to ₦103.775 trillion from an opening level...

DMO Raises ₦1.14trn At First 2026 Treasury Bills Auction

January 09, (THEWILL) — Nigeria’s Debt Management Office (DMO) raised ₦1.144 trillion at its first Nigerian Treasury Bills (NTB) auction of 2026, reflecting strong investor demand for government securities despite rising interest rates. The auction, held on January 7, 2026,...

PwC Nigeria Appointed System Integrator For National E-Invoicing Rollout

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January 09, (THEWILL) — PwC Nigeria has been accredited as a system integrator for Nigeria’s new mandatory e-invoicing system under the Monitoring, Billing and Settlement (MBS) platform, a move aimed at modernising the country’s digital tax administration. The accreditation...

BVN Enrolment Climbs To 67.8 Million As Financial Inclusion Deepens

January 09, (THEWILL) — The number of Bank Verification Number (BVN) enrolments in Nigeria increased by six per cent to 67.8 million in 2025, according to data released by the Nigeria Inter-Bank Settlement System (NIBSS). The latest figure represents a...

NCC, CBN Set To Roll Out Refund Framework For Failed Airtime, Data Transactions

January 08, (THEWILL) — In line with the consumer-focused objectives of the Nigerian Communications Commission (NCC) and the Central Bank of Nigeria (CBN), the two regulators have drawn up a framework to address consumer complaints arising from unsuccessful airtime...

UBA Crosses ₦500bn Capital After ₦178.3bn Rights Issue

January 08, (THEWILL) — United Bank for Africa (UBA) has successfully raised ₦178.3 billion through a rights issue, taking its capital base above the ₦500 billion minimum required for Tier 1 banks with international licenses under the current banking...

Equities Market Closes Lower As Sell Pressure Outweighs Gains

January 08, (THEWILL) — The Nigerian equities market closed slightly lower on Thursday, as sustained profit-taking outweighed gains in select stocks, leading to a negative market breadth despite marginal improvements in key indicators. Market capitalisation inched up to ₦102.822 trillion...

Tinubu Charges Nigerians To Deepen Investment In Local Economy As NGX Hits N100trn Market Capitalisation

January 08, (THEWILL) — President Bola Tinubu has urged Nigerians to deepen their investments in the local economy following the Nigerian Exchange’s (NGX) historic attainment of N100 trillion market capitalisation, describing the milestone as a clear indicator of growing...

KPMG Flags Gaps In New Tax Laws, Warns Of Disputes, Capital Flight

January 08, (THEWILL) — KPMG has raised concerns over gaps and ambiguities in Nigeria’s newly enacted tax laws, warning that poor clarity and implementation risks could trigger legal disputes and discourage investment. In a recent advisory, the professional services...

Equities Market Advances As ASI Crosses 160,000-Point Threshold

January 07, (THEWILL) — The Nigerian equities market closed higher on Wednesday, extending its upward trend as gains in select heavyweight stocks lifted key market indicators, despite a mixed market breadth. Market capitalisation increased to ₦102.684 trillion from an opening...
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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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