Business

FAAC: EMTL Funds Swell By 181.2% To N37.6bn in July 2025 

August 31, (THEWILL) — The Electronic Money Transfer Levy (EMTL) funds climbed to an all-time high of N37.60 billion in July 2025, constituting a 181.2 percent increase, compared with N13.37 billion recorded in July 2024, and a 28.9 percent...

Recapitalisation: GTBank Boosts Capital Base With N365.9bn Injection

August 31, (THEWILL) — Guaranty Trust Holding Company Plc has injected N365.9bn into its banking subsidiary, Guaranty Trust Bank Limited. This is aimed to meet the new minimum capital requirement of N500 billion set by the Central Bank of...

Stakeholders Plan 1st National Conference on STI Communication

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August 31, (THEWILL) — Stakeholders in the nation’s science, technology and innovation sector are set to hold the inaugural National Conference on Science, Technology and Innovation Communication (STICOMMSLOC) in collaboration with the African University of Science and Technology (AUST),...

Access Holdings Appoints Innocent Ike As New GMD/CEO

August 28, (THEWILL) — Access Holdings Plc has announced the appointment of Innocent Ike as the substantive Group Managing Director (GMD) and Chief Executive Officer (CEO) of the company. The appointment, which takes effect from August 29, 2025, was...

Roosevelt Ogbonna Steps Down from Access Holdings Board, Retains Role as Bank CEO

August 27, (THEWILL) — Roosevelt Ogbonna has resigned from the Board of Access Holdings Plc as a Non-Executive Director after three and a half years of service in that capacity. Despite the development, Ogbonna will continue as the Managing Director/Chief...

Nigeria Halts Export Of Shea Nuts For Six Months

August 27, (THEWILL) — The Federal Government of Nigeria has announced a six-month ban on export of raw shea nut. Nigeria produces nearly 40 percent of global shea products, but accounts for only one percent of the $6.5 billion...

UBA SuperSavers’ Promo Seeks to Deepen Financial Inclusion, Boost Savings Culture

- Over N150m in Prizes to be won by Customers August 25, (THEWILL) — Africa's Global Bank, United Bank for Africa (UBA) Plc, has officially launched the fifth edition of its Supersavers Promo aimed at reinforcing the bank's commitment towards...

Fintechs on Rampage

- Fintech firms take financial services landscape by storm to erase the culture that made efficiency a luxury August 24, (THEWILL) — In a surprising twist, Nigerian fintech companies have taken the country’s financial services system by storm -- to fill the efficiency...

Equity Market Drops N2.2trn As Index Sheds 2.5% in Week Ended August 22

August 24, (THEWILL) — Equities recorded a drop of N2.2 trillion in market capitalization in the week ended August 22, 2025, with the NGX All-Share Index dropping by 2.5 percent during the period. This followed the mixed sentiment that characterized...

Stay Away From Banks’ AT-1 Capital, PenCom Warns PFAs

August 24, (THEWILL) — The National Pension Commission has warned Pension Fund Administrators (PFAs) against investing in the Additional Tier-1 Capital of Deposit Money Banks. The warning was conveyed in a circular addressed to all licensed Pension Fund Operators, which...
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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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