Business

PenCom Extends Pension Capital Compliance Deadline to June 2027

November 16, (THEWILL) — The National Pension Commission (PenCom) has officially extended the deadline for compliance with its revised minimum capital requirements for Licensed Pension Fund Administrators (PFAs) and Pension Fund Custodians (PFCs), granting existing operators an additional six...

Controversy Trails 15% Petrol Tax Suspension

November 14, (THEWILL) — The government’s suspension of the proposed 15% petrol tax has triggered widespread debate across political, economic, and civic groups, with stakeholders split over whether the decision offers meaningful relief or poses long-term fiscal risks. The suspension...

Massive Relief For Pensioners as PTAD Pays ₦3.9bn in Arrears

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November 14, (THEWILL) — The Pension Transitional Arrangement Directorate (PTAD) has disbursed ₦3.9 billion to settle outstanding pension arrears owed to 91,146 retirees under the Federal Government’s Defined Benefit Scheme (DBS), marking another milestone in the ongoing effort to...

Tax-Hike Strategy Threatens Nigeria’s Trillion-Dollar Growth Ambition

November 14, (THEWILL) — Nigeria’s renewed push to raise government revenue through an expanded and more aggressive tax regime is facing mounting criticism from economists, private-sector leaders, and development experts who warn that the current approach could undermine the...

Nigerian Equities Market Sustains Uptrend As Market Capitalisation Hits N93.50trn

November 13, (THEWILL) — The Nigerian equities market extended its bullish run on Thursday, maintaining positive momentum from the previous session as key performance indicators advanced further. Market capitalisation opened at N92.57 trillion and closed higher at N93.50 trillion, while...

NIBSS Emerges Sole African Payment System To Achieve Mature Inclusivity Level

November 13, (THEWILL) — Nigeria’s Inter-Bank Settlement System (NBISS) has emerged as the only African payment system to achieve a mature inclusivity level. This was announced at the launch of the State of Instant Payment Systems (SIIPS) 2025 report in...

Dangote Reinforces New Investments In Zambia, Meets President Hichilema

November 13, (THEWILL) — President and Chief Executive of the Dangote Group, Aliko Dangote, has paid a courtesy visit to His Excellency, Mr Hakainde Hichilema, President of the Republic of Zambia, reaffirming the Group’s commitment to industrial growth and...

Nigeria’s Largest Banks Dominate Africa’s 300 Finance Champions Ranking

November 13, (THEWILL) — Nigeria’s banking giants have reasserted their dominance on the continent, taking multiple top positions in the latest “300 African Finance Champions” listing by The Africa Report. The list evaluates banks and insurers across Africa based...

Tax Reform: FG Targets Remote Worker Earnings through Global Data-Sharing Pact

November 13, (THEWILL) — The Federal Government has announced a new international tax cooperation initiative designed to track the income of Nigerians earning remotely from foreign employers. According to Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy...

FG Suspends 15% Import Duty On Petrol, Diesel, Assures Stable Fuel Supply

November 13, (THEWILL) — The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has confirmed the suspension of the proposed 15 per cent ad-valorem import duty on Premium Motor Spirit (PMS) and Automotive Gas Oil (AGO), popularly known as...
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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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