Business

January 04, (THEWILL) — FirstBank, the commercial banking arm of First HoldCo Plc, has met the ₦500 billion minimum capital base required by the Central Bank of Nigeria (CBN) for an international banking licence. This is coming ahead of...

January 04, (THEWILL) — The Managing Director/Chief Executive of the Nigeria Deposit Insurance Corporation (NDIC), Mr. Thompson Oludare Sunday, has reaffirmed the Corporation’s strict compliance with fiscal and financial regulations, including the provisions of the Fiscal Responsibility Act (FRA)...

January 04, (THEWILL) — Nigerian equities delivered their strongest performance in nearly two decades in 2025, as policy reforms, improved corporate earnings and renewed investor confidence propelled the NGX All-Share Index (ASI) to a 51.19 per cent gain, positioning...

January 03, (THEWILL) — Rand Merchant Bank (RMB), a subsidiary of the FirstRand Group, has successfully closed a landmark $285 million acquisition financing for BlueCore InfraCo Limited, marking a pivotal moment in Nigeria’s energy infrastructure evolution, RMB said...

January 03, (THEWILL) — The Nigerian equities market closed the week on a positive note, trading for four sessions after the Federal Government declared Thursday, January 1, 2026, a public holiday to mark the New Year celebration. Despite...

January 02, (THEWILL) — Nigeria’s banking sector has recorded a notable rise in non-performing loans (NPLs, with the industry-wide ratio climbing to about 7 percent in 2025, above the 5 percent prudential limit, following the Central Bank of Nigeria’s...

January 02, (THEWILL) — Bank lending to Nigeria’s manufacturing sector has declined by N2.17 trillion, raising fresh concerns about the health of the country’s industrial base and the broader economy. The drop highlights growing challenges faced by manufacturers, including...

January 02, (THEWILL) — The Federal Government of Nigeria (FGN) has said it will focus on key policies and priorities to accelerate economic growth, create jobs and mobilise investments to build a prosperous Nigerian economy in 2026. This is contained...

January 02, (THEWILL) — Proposed tax reforms have triggered growing tension between government authorities, shipping companies, and businesses, as major shipping lines signal plans to raise freight charges in response to higher operating costs. Industry players argue that the new...

January 01, (THEWILL) — The Nigerian National Petroleum Company Limited (NNPC Ltd) has unveiled plans to develop new oil fields as part of a broader strategy to attract $30 billion in upstream investment by 2030. The initiative is aimed...