Business

December 29, (THEWILL) — The Chairman and Chief Executive Officer of Air Peace, Allen Onyema, has warned that Nigeria’s newly introduced tax reforms could drive domestic airfares to ₦1 million or more, threatening the survival of local airlines and...

December 29, (THEWILL) — The Securities and Exchange Commission (SEC) has disclosed that Nigerian companies raised over ₦753 billion through the issuance of Commercial Papers (CPs) between April and October, underscoring growing corporate reliance on short-term debt instruments amid...

December 29, (THEWILL) — Foreign exchange (FX) reserves have recorded a notable increase of $4.39 billion over the past year, reflecting improved external sector performance and stronger inflows into the economy. The rise highlights enhanced macroeconomic stability and growing...

December 28, (THEWILL) — Nigeria’s downstream oil market has been thrown into intense competition as several filling stations slash petrol prices by as much as N100 per litre following the resumption of free nationwide delivery by the Dangote Petroleum...

December 28, (THEWILL) — Afrinvest, a leading Nigerian investment management firm, has expanded its operations in the South-East with the opening of a new office in Enugu State, reinforcing its commitment to bringing structured wealth management services closer to...

December 28, (THEWILL) — The Nigerian equities market in 2025 delivered one of its most polarised performances in recent memory, as trading activity between January and December produced extraordinary gains in a select group of stocks while simultaneously exposing...

December 26, (THEWILL) — The Federal Inland Revenue Service (FIRS) has accredited PricewaterhouseCoopers (PwC) as a system integrator for Nigeria’s national e-invoicing framework, a move that signals a major shift toward tighter tax transparency with growing implications for the...

December 26, (THEWILL) — The Central Bank of Nigeria (CBN) has reported a $276 million decline in inflows from International Money Transfer Operators (IMTOs), signalling softer diaspora remittance receipts amid shifting global and domestic financial conditions. The drop reflects moderation...

December 25, (THEWILL) — Nigerian banks flooded the Central Bank of Nigeria (CBN) with excess liquidity on Christmas Eve, depositing a combined ₦3.7 trillion through the Standing Deposit Facility (SDF), underscoring persistent surplus cash in the banking system despite...

December 25, (THEWILL) — The Nigerian Maritime Administration and Safety Agency (NIMASA) has reaffirmed that the eradication of piracy in Nigerian waters is critical to the growth of the maritime sector and Nigeria’s ambition to secure a seat...