Business

FX Market Reforms Deepen As CBN Approves 82 Licenced BDCs

December 08, (THEWILL) — The Central Bank of Nigeria (CBN) has granted final operating licences to 82 Bureaux De Change (BDCs) under the revised Regulatory and Supervisory Guidelines for BDC operations, marking a significant step in the apex bank’s...

Equities Market Maintains Uptrend As ASI Climbs 0.26%

December 08, (THEWILL) — The Nigerian equities market extended its positive momentum on Monday, with the NGX All-Share Index (ASI) advancing from 147,040.08 to 147,427.95, reflecting renewed buying interest across major sectors. Market capitalisation also increased, opening at N93.722...

Oil Industry Records Zero Oil Theft In One Year – Chevron MD

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December 08, (THEWILL) — The Chairman/Managing Director of Chevron Nigeria/Mid-Africa business unit, Mr Jim Swartz, has disclosed that Chevron recorded zero incidents of sabotage in the last one year. Swartz made this disclosure when he visited the Nigerian Upstream Petroleum...

Stanbic IBTC’s Digital Lending Expansion Seen Boosting Earnings, Banking Sector Valuations

December 08, (THEWILL) — Stanbic IBTC Holdings Plc’s latest push into digital retail lending is drawing attention from analysts, who say the move could strengthen the bank’s earnings capacity, improve asset quality, and lift its long-term valuation on the...

Naira Seen Poised for N1,445/$ as Expected Fed Rate Cuts Strengthen Emerging-Market Currencies

December 08, (THEWILL) — Nigeria’s Naira is tipped for a potential break toward N1,445 per dollar in the coming days as global markets position for an expected round of interest-rate cuts by the U.S. Federal Reserve a move...

FCMB Reports Pre-Tax Profit of N134.5bn for 9m of 2025

-Concludes Public Offer Towards N500bn Recapitalisation Target December 08, (THEWILL) — FCMB Group has reported a profit before tax of N134.497 billion for the nine months ended 30 September 2025. This constitutes a significant 46.2 percent increase from the N91.83...

15 Stagnant Stocks Pose Challenge for Liquidity Expansion at Nigerian Exchange

December 08, (THEWILL) — The Nigerian Exchange (NGX) witnessed a pronounced pattern of inactivity among several quoted companies in 2025, with some stocks closing at the same price for extended periods. An examination of early-year trading data from GTI...

FG, SEC, NGX Group Forge Unified Direction on Capital Gains Tax Reform

December 08, (THEWILL) — The Federal Government has inaugurated the National Tax Policy Implementation Committee (NTPIC), marking a deliberate shift toward a more predictable and market-aligned rollout of the newly enacted capital-gains-tax (CGT) provisions. The move follows extensive technical engagements...

Nigeria’s $1trn Target Hinges on Strategic Rollout of ISA 2025 – Expert

December 08, (THEWILL) — Nigeria’s ambition of becoming a $1 trillion economy by 2030 can only be realised through the strategic, disciplined, and collaborative implementation of the Investments and Securities Act (ISA) 2025, a capital market expert has said. Speaking...

UBA Group Dominates 2025 Banker Awards, Emerges Africa’s Bank of the Year, For Third Time in Five Years

Wins Best Bank in Nine out of 20 African Subsidiaries December 08, (THEWILL) — Africa’s Global Bank, United Bank for Africa (UBA) Plc, has once again, reaffirmed its leadership as one of the continent’s most innovative and resilient financial...
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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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