Business

CBN Announces Full Control Of Fixed Income Market Effective November 2025

October 02, (THEWILL) — In a strategic move to deepen transparency and efficiency in Nigeria’s financial ecosystem, the Central Bank of Nigeria (CBN) has announced a phased operational overhaul of the Nigerian Fixed Income Market commencing from the third...

Naira Strengthens, Trades at N1,435/$ in Black Market

October 02, (THEWILL) —The naira, on Thursday, October 2, 2025, recorded an improvement against the United States dollar in the parallel market, with traders quoting a buying rate of N1,435 and a selling rate of N1,453 as of 3:35...

NGX ASI Rises 0.23% As Market Cap Hits N90.58trn To End Q3

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September 30, (THEWILL) — The Nigerian equities market opened on Tuesday, September 30, with the NGX ASI standing at 142,377.56 points and appreciated by 0.23% to 142,710.48 points. The market capitalisation opened at 90.1 trillion, appreciated by 0.52% and...

Nigeria Opens Doors To Global Capital As Tinubu Meets Belo-Osagie, Ogunlesi

September 30, (THEWILL) — President Bola Tinubu on Monday held a high-level investment meeting in Lagos with two globally renowned Nigerian financiers, Hakeem Belo-Osagie and Bayo Ogunlesi. Belo-Osagie is Chairman of Metis Capital Partners and a Senior Lecturer at Harvard...

Capital Market: FG Introduces 25% CGT To Curb Equity Flight To Bonds

September 30, (THEWILL) — The Federal Government has introduced a new rule clarifying the application of Capital Gains Tax (CGT) on share disposals, aimed at discouraging capital flight from equities into fixed-income assets. Under the rule, a 25% CGT will...

Dangote–PENGASSAN Dispute: Marathon Talks End In Deadlock, Talks Resume Today

September 30, (THEWILL) — The Federal Government’s marathon meeting with Dangote Refinery and the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) ended in a deadlock late Monday, after nearly nine hours of negotiations. The closed-door session, which...

Stock Market Ends Positive As ASI Gains 0.17%, Market Capitalisation Crosses N90trn

September 29, (THEWILL) — The Nigerian equities market closed on a positive note on Monday, with the benchmark All-Share Index (ASI) recording a slight increase of 0.17%. The ASI opened at 142,133.00 points and closed at 142,377.54, reflecting a...

10 Firms Record N50.3bn Gain After Massive FX Loss

September 29, (THEWILL) — Ten Nigeria’s quoted companies, all in the consumer goods sector, recorded an aggregate of  N50.3billion in the first-half of the year (H1 2025) against the massive loss they experienced in the corresponding period of 2024. The...

FCMB Extends Q3 2025 Results Filing Beyond October 30 Deadline

September 29, (THEWILL) — FCMB Group Plc has notified the Nigerian Exchange (NGX) and the public that it will not be able to release its nine-month (Q3) 2025 financial results by the original deadline of 30th October 2025. The company...

NGX Pension Index Climbs 6,677.28 Points On Tech-Driven Reforms

September 29, (THEWILL) — The Nigerian Exchange (NGX) Pension Index recorded a robust performance in September – hitting 6,677.28 points on Friday, September 26 – a 17.63 points increase from the 6,659.65 the market closed on August 29, 2025....
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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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