Business

NGX Extends Rally As Investors Gain ₦1.86trn On Sustained Buying Interest

July 07, (THEWILL) — The Nigerian Exchange (NGX) sustained its bullish momentum on Tuesday, adding ₦1.86 trillion to investors’ wealth. Market capitalisation appreciated by 1.24 percent to ₦152.135 trillion, from ₦150.271 trillion recorded at Monday’s close, while the benchmark All-Share...

China Plans Curbs On Overseas Access To Advanced AI Models

July 07, (THEWILL) — China is considering restricting overseas access to its most advanced artificial intelligence (AI) models, in a move that underscores Beijing's growing view of AI as a strategic national security asset. According to Reuters, Chinese authorities have...

NAICOM Bars Insurance Companies with Outstanding Claims from Licence Renewal

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July 07, (THEWILL) — With several days to the insurance recapitalisation deadline of July 31st 2026, the National Insurance Commission, NAICOM, has disclosed that it will not re-license any company with outstanding claims. In a letter to all...

FG Suspends New Digital Platform Regulations Pending Policy Harmonisation

July 07, (THEWILL) — The Federal Government has directed key digital sector regulators to suspend the implementation and enforcement of new regulations affecting internet platforms and other cross-cutting digital economy issues, pending the completion of a policy harmonisation...

DMO Opens July FGN Savings Bond Offer at 15.716%, Highest Interest Rate in 2026

July 7 (THEWILL) — The Debt Management Office (DMO) has opened subscriptions for the July 2026 Federal Government of Nigeria (FGN) Savings Bond, offering investors annual returns of up to 15.716 percent, the highest rate since the beginning of...

NAICOM Bars Insurers With Unpaid Claims From Re-Licensing After Recapitalisation

July 7 (THEWILL) — The National Insurance Commission (NAICOM) has directed insurance companies to settle all outstanding discharged claims before the conclusion of the ongoing recapitalisation exercise, warning that firms that fail to comply will not be re-licensed. The directive...

FG’s Electricity Subsidy Bill Falls 14% to N358.3bn in Q1 2026 – NERC

July 7 (THEWILL) — The Federal Government incurred an electricity tariff subsidy of N358.32 billion in the first quarter of 2026 as it continued to bridge the gap between cost-reflective electricity tariffs and the rates paid by consumers, according...

NGX Rebounds Strongly As Investors Gain ₦3.17trn

July 6, (THEWILL) — The Nigerian Exchange (NGX) kicked off the new trading week on a bullish note, adding ₦3.17 trillion to investors’ wealth. Market capitalisation appreciated by 2.15 percent to ₦150.271 trillion, from ₦147.102 trillion recorded at Friday’s close,...

Tony Elumelu To Retire As UBA Chairman, Emmanuel Nnorom Named Successor

July 6, (THEWILL) — United Bank for Africa (UBA) Plc has announced that its Group Chairman, Tony Elumelu, will retire from the Board on August 21, 2026, in line with the Central Bank of Nigeria's corporate governance guidelines on...

Dangote Cement Raises Dividend 50 Percent To ₦45 Per Share, Rewards Shareholders With ₦753.8bn Payout

July 6, (THEWILL) — Dangote Cement Plc has increased its dividend payout by 50 percent, declaring a dividend of ₦45 per share for shareholders, up from ₦30 per share, translating to a total payout of about ₦753.8 billion. The dividend,...
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UEFA Refuses To End FIFA World Cup Boycott Despite Infantino’s U-Turn

UEFA has confirmed it will continue its boycott of FIFA's men's and women's World Cups despite Gianni Infantino...
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