Business

Acquisition of IOC’s Assets Holds Prospects For Local Content Expansion

March 17, (THEWILL) – The increasing acquisition of foreign companies’ assets by Nigerian investors in oil and gas sees a huge opportunity in local participation by indigenous players. In recent times, Nigerian investors have acquired assets from foreign companies like...

PenCom Grants PFAs Autonomy To Approve Retirement Benefits Effective June 2025

March 16, (THEWILL) – In a major policy overhaul, the National Pension Commission (PenCom) has issued a new directive that grants Pension Fund Administrators (PFAs) the full authority to approve and process several categories of retirement benefits without...

SEC Revokes Mainland Trust Limited’s Registration Over Regulatory Infractions

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March 16, (THEWILL) – The Securities and Exchange Commission (SEC) has revoked the registration of Mainland Trust Limited as a capital market operator, citing regulatory non-compliance and unresolved complaints against the company. The decision, which takes immediate effect, was...

Q4 2024: Agric Exports Soar on Weak Naira, Exceed Imports in Record Performance

March 16, (THEWILL) – In a stunning outcome of events, the value of Nigeria’s agricultural goods exported in the fourth quarter of 2024 exceeded that of the imported category during the period. And this is historic. Data from the National...

Renaissance Energy Finalises Acquisition Of Shell’s SPDC

March 14, (THEWILL) – Renaissance Africa Energy Holdings has announced the successful completion of its acquisition of Shell Petroleum Development Company of Nigeria (SPDC), securing full ownership of the company. The deal, which follows the signing of a sale and...

Asian Banker Awards: FirstBank Maintains Dominance In SME Banking Across Nigeria, Africa

March 14, (THEWILL) – Through a legacy of excellence and Innovation, First Bank of Nigeria Limited, the country’s oldest and most distinguished financial institution, has once again solidified its reputation as a leader in the banking industry. The Bank...

Transcorp Group Records Outstanding Growth In FY 2024 As Revenue Increases By 107%

March 10, (THEWILL) – Nigeria’s leading listed conglomerate, Transnational Corporation Plc (Transcorp or the Group), has announced its financial results for the year ended December 31, 2024. Consistent with its results track record, the Group sustained a strong growth...

United Capital Delivers 178% Return to Shareholders in 2024

- Rewards Investors with N2.40K Total Dividend Per Share March 10, (THEWILL) – United Capital Plc (UCAP) has experienced a remarkable seven-year growth trajectory, culminating in an explosive surge in 2024. The company's Profit After Tax (PAT) more than doubled, jumping...

Financial Inclusion: Proposed Telecom Towers to Boost Nigeria’s Lagging Pace

March 09, (THEWILL) – The planned construction of 7,000 telecom towers across Nigeria’s rural communities, as recently approved by the Federal Government, is a delightful development, and it’s coming at the most opportune time. This is because the project...

We’re Building Viable, Globally Competitive Economy – Tinubu Lauds First Bank’s Legacy

March 06, (THEWILL) – President Bola Tinubu has said his administration is working assiduously to create a system that will be sustainable and globally competitive for Nigerian banks and other financial institutions to thrive. Speaking on Wednesday when he performed...
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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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