Business

CBN Orders PoS Operators To Implement Dual Connectivity Within 30 Days

December 12, (THEWILL) — The Central Bank of Nigeria (CBN) has issued a one-month deadline to Point of Sale (PoS) operators and other payment service providers to ensure full compliance with the mandatory dual connectivity requirement for all PoS...

Nigeria’s Fuel Import Costs Surge To ₦1.28tn in Third Quarter

December 12, (THEWILL) — Nigeria’s escalating fuel import costs reached ₦1.28 trillion in the third quarter of 2025, data from the National Bureau of Statistics (NBS) shows, underscoring the country’s ongoing dependence on imported petroleum products despite rising local...

MeCure Industries Plc Launches ₦10bn Commercial Paper At 21% Yield

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December 11, (THEWILL) — MeCure Industries Plc has announced the issuance of a ₦10 billion Series 6 commercial paper (CP) under its ongoing CP programme, offering investors an appealing 21% yield on the instrument with a 269-day tenor. The subscription...

CBN Moves To Curb FX Abuse, Limits Cash Travel Allowance To 25%

December 11, (THEWILL) — The Central Bank of Nigeria (CBN) has introduced a new directive limiting the cash component of Personal Travel Allowance (PTA) and Business Travel Allowance (BTA) disbursements to 25 percent of the total approved amount. The...

Equities Market Rebounds Strongly As Benchmark Index Surges

December 11, (THEWILL) — The Nigerian Exchange (NGX) closed on a positive note on Thursday, buoyed by renewed buying interest across major sectors. Market Capitalisation opened at ₦93.624 trillion and declined slightly to ₦93.318 trillion, but the All-Share Index...

Nigeria’s Merchandise Trade Hits ₦38.94 Trillion In Q3 2025 Amid Rising Exports – NBS

December 11, (THEWILL) — Nigeria’s total merchandise trade reached ₦38,936.55 billion in the third quarter of 2025, the National Bureau of Statistics (NBS) disclosed Thursday. According to the data from the Foreign Trade in Goods Statistics for Q3 2025, released...

Tinubu Unveils New Security and Economic Blueprint to Harness Marine Wealth, Directs NIPSS to Recommend Solutions

December 11, (THEWILL) — President Bola Tinubu on Wednesday unveiled a comprehensive national security and economic framework aimed at unlocking Nigeria’s vast maritime and aquatic resources, describing the blue economy as a critical pathway to economic transformation. Speaking at...

CAC Announces New Requirements for Online Business Name Updates

December 11, (THEWILL) — The Corporate Affairs Commission (CAC) has introduced new mandatory requirements for all online Business Name update requests, aiming to improve monitoring and streamline the ease of doing business. In a notice titled “Important Notice for...

FIRS, France Partner On Digital Tax Reform Ahead of Nigeria’s New Service Nomenclature

December 11, (THEWILL) — The Federal Inland Revenue Service (FIRS) has signed a landmark cooperation pact with France aimed at modernising Nigeria’s tax administration through digital transformation, capacity development, and improved cross-border enforcement. FIRS Chairman Zacch Adedeji and...

Equities Market Edges Lower As Profit-Taking Persists

December 10, (THEWILL) — The Nigerian Exchange (NGX) closed slightly negative in today’s trading session as mild sell pressure across select mid- and large-cap stocks pulled the market into the red. Market Capitalisation opened at ₦93.658 trillion and dipped...
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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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