Business

January 01, (THEWILL) — Former Vice President of the World Bank, Dr Obiageli ‘Oby’ Ezekwesili, has condemned the alleged gazetting of the wrong version of the tax reform act, saying it constitutes a grave threat to constitutional governance. In...

January 01, (THEWILL) — The naira ended 2025 at ₦1,429 to the United States dollar, marking its first full-year appreciation in 13 years and signalling a notable shift in Nigeria’s foreign exchange market. Data from the official market show that...

January 01, (THEWILL) — The Nigerian National Petroleum Company Limited (NNPCL) said that its monthly revenue declined by 14.17 percent in November 2025 to N4.358 trillion, down from N5.078 trillion recorded in October. In its monthly report released on...

January 01, (THEWILL) — The Budget Office of the Federation has reaffirmed the integrity of Nigeria’s newly enacted Tax Reform Acts, cautioning against what it described as governance by speculation and unverified claims following allegations of post-passage alterations. In...

January 01, (THEWILL) — Sterling Financial Holdings Company (SFHC) Plc disclosed that Seven Degrees North Limited, a private investment firm linked to CEO Yemi Odubiyi, acquired shares worth N578.1 million. According to the disclosure filed on the Nigerian Exchange,...

January 01, (THEWILL) — Afrinvest, a leading Nigerian investment management firm, has announced the rebranding of its digital investment platform, Optimus by Afrinvest, to PlutusNeo by Afrinvest, marking the next phase of the firm’s digital strategy focused on...

January 01, (THEWILL) — The Federal Inland Revenue Service (FIRS) has unveiled its new institutional brand identity as it officially metamorphosed into the Nigeria Revenue Service (NRS). The development ushers in a new dawn in revenue administration in the country...

December 31, (THEWILL) — Guaranty Trust Holding Company Plc (GTCO) has secured approvals from the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) to proceed with a private placement of its ordinary shares, subject to...

December 31, (THEWILL) — Savannah Energy PLC, the British independent has announced the intended entry into a relationship agreement with its largest shareholder, NIPCO Plc, a diversified Nigerian energy conglomerate, in connection with NIPCO increasing its shareholding in Savannah. According...

December 31, (THEWILL) — Nigeria’s recent tax reforms created the Nigerian Tax Act (NTA) 2025 which is among the new tax laws with January 1, 2026, as the implementation date. The NTA affected two existing fiscal rules namely, the Stamp...