Business

Lafarge Africa Records N780.48bn Revenue Growth In 9M 2025

October 23, (THEWILL) — Lafarge Africa Plc, a leading innovative and sustainable building solutions company and manufacturer of a range of cement brands, recorded sales revenue of N780.48 billion for the 2025 9M period, a growth of 63% when...

Nigeria Unveils Federal Treasury Receipt To Plug Revenue Leakages, Boost Transparency

October 23, (THEWILL) — The Federal Government has unveiled a new payment verification and collection system known as the Federal Treasury Receipt (FTR), a major step aimed at curbing revenue leakages, improving accountability, and strengthening public financial management across...

Aliko Dangote To Sell 10% Stake In Refinery on NGX by 2026

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October 23, (THEWILL) — The founder of Dangote Group, Alhaji Aliko Dangote has said that the Dangote Petroleum Refinery plans to sell 5 percent to 10 percent of its stake on the Nigerian Exchange (NGX) Limited within the next...

Only 23% of Rural Communities Have Internet Access in Nigeria – NCC

October 23, (THEWILL) — The Nigerian Communications Commission (NCC) has revealed that only 23 percent of rural communities in Nigeria currently have access to the internet, compared to 57 percent in urban areas — a gap the Commission says...

Nigerian Equities Market Gains 1.50% As Capitalisation Hits N97.59tn

October 22, (THEWILL) — The Nigerian equities market closed on a strong note on Wednesday, October 22, gaining 1.50 percent amid renewed investor confidence in select consumer goods, industrial, and real estate stocks. The All-Share Index rose from 151,456.91 points...

Transcorp Hotels Sustains Growth Momentum With 49% Jump In Q3 Revenue

October 22, (THEWILL) — Transcorp Hotels Plc has reported a strong third-quarter (Q3) performance for 2025, posting a profit before tax (PBT) of N22.4 billion, up from N14.8 billion in the same period of 2024, a growth of roughly...

CBN Interventions Keep Naira Stable Amid 32.9% FX Inflow Slump

October 22, (THEWILL) — The Nigerian naira climbed modestly this week, signalling a sign of market resilience even as foreign-exchange (FX) inflows collapsed by 32.9% year-on-week, a stark reminder of the dual pressures the currency now faces. Data from the...

Equities Market Edges Higher As Capitalisation Rises To N96.13tn

October 22, (THEWILL) — The Nigerian equities market closed on a positive note on Tuesday, October 21, as renewed investor interest in consumer goods and industrial stocks lifted overall performance. The All-Share Index advanced from 149,940.81 points to 151,456.91...

Coca-Cola HBC Expands African Presence With $2.6bn CCBA Acquisition

October 21, (THEWILL) — Coca-Cola HBC AG (Coca-Cola Hellenic Bottling Company) has announced a $2.6 billion deal to acquire a 75% controlling stake in Coca-Cola Beverages Africa (CCBA), significantly expanding its footprint across the African continent. The acquisition involves...

Tinubu Approves N250,000 Grant For Outstanding MSMEs

October 21, (THEWILL) — President Bola Tinubu has approved an unconditional grant of N250,000 for each outstanding Micro, Small, and Medium Enterprise (MSME) exhibiting at the Expanded National MSME Clinic in Katsina State. Vice President Kashim Shettima announced the grant...
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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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