Business

Equities Market Declines by 2.9% as Investors Book Profits

November 09, (THEWILL) — The Nigerian Exchange (NGX) closed the week ended Friday, November 7, 2025, on a negative note as profit-taking and weak investor sentiment dragged key market indicators lower across sectors. The NGX All-Share Index (ASI) and market...

AXA Mansard’s Pre-Tax Profit Slumps 73% in H1 2025

November 09, (THEWILL) — AXA Mansard Insurance Plc, a member of the global AXA Group, has reported a sharp decline in profitability for the first half of 2025, even as its insurance revenues rose strongly across all business segments. According...

British Airways To Offer Free High-Speed Wi-Fi for Passengers

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November 07, (THEWILL) — British Airways has announced that it will begin offering free, high-speed Wi-Fi across all its flights from 2026, following a partnership between its parent company, International Airlines Group, and Starlink, the satellite internet service...

$2.35bn Eurobond Success Highlights Global Confidence in Nigeria — Wale Edun

November 07, (THEWILL) — Nigeria’s successful $2.35 billion Eurobond issuance has been described by Finance Minister Wale Edun as a clear reflection of renewed global confidence in the country’s economic direction and fiscal reforms. According to Edun, the oversubscribed...

Investors Dump Stocks as CGT Anxiety Wipes ₦1.8 Trillion from NGX in Four Days

November 07, (THEWILL) — Mounting fears over the planned enforcement of Capital Gains Tax (CGT) on share transactions have rattled the Nigerian equities market, triggering a sharp sell-off that has erased about ₦1.8 trillion in market value within just...

NGX Reaffirms Leadership In Advancing Africa’s Islamic Finance Ecosystem

November 07, (THEWILL) — Nigerian Exchange Limited (NGX) has reaffirmed its leadership in advancing Africa’s Islamic finance ecosystem through the strategic expansion of its Non-Interest Finance Board and active engagement at the 7th African International Conference on Islamic Finance...

Equities Market Extends Losing Streak as ASI, Market Cap Dip Further by 0.36 Percent

November 06, (THEWILL) — The Nigerian equities market closed lower on Wednesday, November 6, extending its bearish run as investors continued to take profits in major blue-chip and mid-tier stocks. The benchmark All-Share Index (ASI) fell by 0.36 percent,...

Naira Holds Below ₦1,450/$ as October Ends Strongest Performance in 10 Months

November 06, (THEWILL) — The naira sustained its momentum against the United States dollar in the parallel market, closing October at ₦1,427.50 per dollar marking its best monthly performance since January 2025. According to market observers, the local currency’s steady...

FG Sells $2.35bn Eurobond To Fund Fiscal Deficit

November 06, (THEWILL) — The Federal Government has concluded a $2.35 billion Eurobond issuance in the international capital markets, despite recent remarks by United States President, Donald Trump, threatening sanctions and military action over alleged religious violence in the...

CBN’s Takeover of Fixed-Income Market Sparks Regulatory Concerns

November 06, (THEWILL) — The Central Bank of Nigeria (CBN) has announced a sweeping overhaul of the country’s fixed-income market, a move aimed at enhancing transparency, efficiency, and monetary policy transmission, but one that has ignited tensions with market...
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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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