Business

July 2 (THEWILL) — The Central Bank of Nigeria (CBN) has capped the suspension of certain contractual obligations involving troubled banks at two business days. The guidance takes immediate effect. The clarification is contained in an interpretative guidance issued by...

July 01 (THEWILL) — Nigerian Exchange Limited (NGX) has announced the outcome of its Half-Year 2025 review of its market indices. This updated the composition of several key benchmarks to reflect prevailing market conditions and ensure the indices remain representative...

July 01 (THEWILL) — The International Monetary Fund (IMF) has disclosed that Nigeria recorded public spending equivalent to about 2 percent of its Gross Domestic Product (GDP) outside recent official budgets. It noted that the anomaly created a gap between...

July 01 (THEWILL) — The Nigerian Exchange (NGX) closed lower on Wednesday, extending its bearish run as sustained selling pressure across key counters erased ₦2.39 trillion from investors’ wealth. Market capitalisation declined from ₦147.217 trillion at the opening of trade...

July 01 (THEWILL) — Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, has said Nigeria has successfully navigated the most difficult phase of its economic reforms and is now focused on accelerating broad-based and inclusive...

July 01 (THEWILL) — A capital market expert and investment analyst, David Adonri, has explained the significant downturn in the Nigerian Capital Market observed at the conclusion of the second quarter of 2026 - which witnessed substantial asset offloading,...

July 1 (THEWILL) — Nigeria’s equities market entered the second quarter of 2026 on the back of one of its strongest rallies in nearly two decades. By May, the Nigerian Exchange (NGX) had pushed the benchmark All-Share Index (ASI)...

July 01, (THEWILL) — The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 Microfinance Banks (MFBs) across the country, citing their failure to meet key regulatory requirements for continued operation. The apex bank announced that the...

July 1 (THEWILL) — The Tony Elumelu Foundation (TEF) says businesses supported through its flagship entrepreneurship programme have generated more than $4.2 billion in revenue, underscoring the growing contribution of African entrepreneurs to economic growth and job creation across...

July 1 (THEWILL) — The World Bank has approved a $1.25 billion Development Policy Financing (DPF) loan for Nigeria as part of a new six-year partnership framework to accelerate private sector-led growth, create jobs, and support key economic reforms. The...