Business

Nigerian Stock Market Retreats Amid Broad-Based Sell-Off

November 05, (THEWILL) — The Nigerian stock market recorded losses on Wednesday, with the All Share Index (ASI) and Market Capitalisation closing lower following a session dominated by declines across key sectors. The market capitalisation opened at N96.970 trillion and...

FX and Fiscal Reforms Fuel ₦1 Trillion Foreign Investment Surge in Nigerian Market

November 04, (THEWILL) — Foreign portfolio investors (FPIs) have injected over ₦1 trillion into Nigerian equities so far in 2025, marking a sharp rebound in offshore participation and signalling renewed confidence in Africa’s largest economy. According to data from the...

Woodhall Capital Eyes $50bn Investment To Boost Jobs, Infrastructure And SMEs In Nigeria

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November 04, (THEWILL) — Woodhall Capital has announced plans to mobilise $50 billion in investments to support infrastructure, energy, trade, and small business development across Nigeria. The announcement was made at a pre-investor forum at the presidential villa, attended...

FG Unveils 50 Tax Exemptions For Low-Income Earners, SMEs From 2026

November 04, (THEWILL) — In a major move to ease the tax burden on ordinary Nigerians and support small businesses, the Presidential Fiscal Policy and Tax Reforms Committee has announced 50 tax exemptions and reliefs set to take effect...

Stock Market Drops as ASI, Market Capitalisation Fall 0.40%

November 03, (THEWILL) — The Nigerian Exchange (NGX) opened the week on a negative note as key indicators closed lower on Monday, November 3, 2025, following sustained profit-taking and mixed investor sentiment across major sectors. Market capitalisation declined by 0.40...

Banking, Industrial Sectors Drive Equities To 8% Gain In October

November 03, (THEWILL) — Nigeria’s equities market ended October 2025 on a bullish note, extending its positive run as investors rebalanced portfolios ahead of third-quarter earnings and year-end positioning. The All-Share Index (ASI) appreciated by 8.12 percent in October...

Transcorp Plc Posts N38.8bn Pre-tax Profit in Q3 2025, Up 54%

November 03, (THEWILL) — Transnational Corporation Plc (Transcorp Group) has announced a pre-tax profit of N38.81 billion for the third quarter (Q3) ended September 30, 2025, representing a 53.8 percent increase compared to the N25.23 billion recorded in the...

Over 552,000 Retirees Receive Regular Pensions – PenCom

November 03, (THEWILL) — The National Pension Commission (PenCom) has said that more than 552,000 retirees in Nigeria are now receiving regular monthly pensions under the Contributory Pension Scheme (CPS).   The Commission also disclosed that total pension assets have surpassed...

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

November 03, (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...

Again, NNPC Moves to Restore Moribund Refineries Amid NASS Probe

November 02, (THEWILL) — Approximately three weeks after the National Assembly initiated an inquiry into the ongoing repairs of the country’s refineries, the Nigerian National Petroleum Company Limited (NNPC Ltd) has recommenced efforts to restore the facilities that have...
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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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