Business

Equities Market Gains As ASI Ends At 153,539 Points Amid Shortened Trading Week

December 24, (THEWILL) — The Nigerian equities market closed the shortened trading week on a positive note, with key indicators rising despite the week being limited to three sessions following the declaration of public holidays on Thursday and Friday...

NDIC, NIBSS Collaborate To Fast-Track Depositors’ Payouts

December 24, (THEWILL) — The Nigeria Deposit Insurance Corporation (NDIC) has entered into a strategic partnership with the Nigeria Inter-Bank Settlement System (NIBSS) to accelerate the reimbursement of depositors in the event of bank failures. The collaboration is aimed...

Seplat Energy Board Appointment Falls Through As Saidu Mohammed Takes Over NMDPRA

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December 24, (THEWILL) — Seplat Energy Plc has announced that Saidu Mohammed has formally withdrawn his acceptance of an appointment to the company’s board following his recent appointment as Chief Executive Officer of the Nigerian Midstream and Downstream...

Oil Revenue Falls Sharply Short Of Budget In H1 as Nigeria Records ₦16.2tn Gap

December 24, (THEWILL) — Nigeria’s gross oil revenue significantly underperformed its 2025 budget projections in the first half of the year, raising fresh concerns about fiscal sustainability and the government’s ability to fund planned expenditures, according to official...

Equities Market Extends Gains As ASI Advances To 153,354 Points

December 23, (THEWILL) — The Nigerian equities market closed on a positive note on Tuesday, extending its upward momentum as buying interest in select stocks lifted key indicators. Market capitalisation rose to ₦97.771 trillion, from an opening level of ₦97.193...

NIN, CAC Numbers Now Serve As Tax IDs – FIRS

December 23, (THEWILL) — The Federal Inland Revenue Service (FIRS) has clarified that the National Identification Number (NIN) issued by the National Identity Management Commission has automatically become the Tax Identification Number (TIN) for individual Nigerians under the country’s...

New Tax Laws Designed to Ease Burden, Not Freeze or Debit Bank Accounts – Oyedele Assures Nigerians

December 23, (THEWILL) — The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has assured Nigerians that the newly enacted tax reform laws will neither lead to the freezing of bank accounts nor...

Naira Extends Rally, Trades Below ₦1,460/$1 on Improved FX Liquidity

December 23, (THEWILL) — The Nigerian naira opened the new trading week on a positive note, strengthening against the United States dollar to trade below the ₦1,460/$1 level, as sentiment in the foreign exchange market continued to improve. Market...

World Bank Endorses National Certification Programme, Citing Gains in Capacity and Transparency

December 23, (THEWILL) — The World Bank has commended the successful rollout of Nigeria’s national certification programme, describing it as a critical milestone in strengthening institutional capacity, improving service delivery, and deepening transparency across key sectors of the...

Equities Advance As NGX Extends Rally On Broad-Based Buying

December 22, (THEWILL) — The Nigerian equities market closed higher on Monday, 22nd December, as sustained buying interest lifted key indices despite pockets of profit-taking across select stocks. Market capitalisation opened at ₦96.936 and closed at ₦97.193, while the All-Share...
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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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