Business

Nigeria Secures $2bn Shell Offshore Gas Investment — Second Major FID in 18 Months

October 14, (THEWILL) — Nigeria has achieved another milestone in its energy sector as Shell Petroleum Development Company announced a $2 billion Final Investment Decision (FID) for the development of the HI offshore gas field located in Oil Mining...

Equities Market Opens Week Bullish As ASI, Market Cap Advances 0.50%

October 13, (THEWILL) — The Nigerian equities market kicked off the week on a positive note as investors maintained a cautiously optimistic outlook on the bourse. The session closed bullish with both the All-Share Index (ASI) and market capitalisation...

Nigeria’s Economy Must Stabilise Before Sustained Growth – Cardoso

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October 13, (THEWILL) — The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has reaffirmed that restoring economic stability remains the apex bank’s top priority before pursuing long-term growth. Speaking at a policy dialogue hosted by the London...

Failed ATM Transactions: FCCPC Hails CBN’s 48-Hour Refund Policy, Says Initiative Big Relief For Bank Customers

October 13, (THEWILL) — The Federal Competition and Consumer Protection Commission (FCCPC) has commended the Central Bank of Nigeria (CBN) for proposing a 48-hour refund policy for failed Automated Teller Machine (ATM) transactions, describing it as a major relief...

Nigeria’s Top Banks Record Mixed Valuation Shifts Ahead of Recapitalisation Deadline

October 13, (THEWILL) — One and half years after the Central Bank of Nigeria (CBN) mandated deposit money banks (March 28, 2024) to raise their capital base, a comparative review of market performance between October 2024 and October 2025...

Coronation Registrars Gets Triple Recognitions on Capital Market Transformation

October 13, (THEWILL) — Coronation Registrars Limited has won three major industry awards within the first eight months of 2025. The company received Best Financial Institution Nigeria 2025 from Global Business and Finance Magazine, Outstanding Registrars Company of the Year...

Zenith Bank Signals Strong Full-Year Outlook With N51.3bn Interim Dividend

October 13, (THEWILL) — Zenith Bank Plc has reinforced investor confidence with the payment of an interim dividend totaling N51.3 billion for the half year (H1) 2025, representing N1.25 per share. The payout, made on Friday, October 10, 2025,...

CBN Unveils Draft Rules For Instant Refunds on Failed ATM Transactions

October 13, (THEWILL) — The Central Bank of Nigeria (CBN) has released new draft guidelines mandating instant refunds for failed Automated Teller Machine (ATM) transactions. A circular signed by the Director of Payments System Policy Department, Musa I. Jimoh, said...

NASS To Investigate $18bn Moribund Refinery Repairs

October 12, (THEWILL) — The House of Representatives on Thursday, October 9, 2025, resolved to investigate the over $18 billion reportedly spent on the rehabilitation of Nigeria’s state-owned refineries in Port Harcourt, Warri, and Kaduna over the past two...

Dangote Refinery Denies Importing ‘Dirty’ Petrol

October 12, (THEWILL) — The Dangote Petroleum Refinery has denied reports making the rounds that it imported finished premium motor spirit (PMS), also known as petrol, with high sulphur content into Nigeria.   Several media outlets had claimed that the refinery...
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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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