Business

June 19 (THEWILL) — Nigeria's tax revenue rose by 49 percent in the first five months of 2026, driven by sweeping tax reforms and stronger collections from key sectors of the economy. According to documents seen by Bloomberg, revenue collected...

June 18 (THEWILL) — The Federal Government has issued the General Guidelines for the implementation of the Tax Acts 2025, setting out how taxpayers, practitioners, and revenue authorities should move from the repealed tax laws to the new...

June 18 (THEWILL) — The Nigerian Exchange (NGX) closed lower on Thursday as sustained sell pressure across key counters dragged market performance deeper into negative territory, wiping off approximately ₦2.18 trillion from investors’ wealth. Market capitalisation declined from ₦154.445 trillion...

June 18 (THEWILL) — Standard Bank Group, Africa’s largest lender by assets, is intensifying its focus on Nigeria and four other strategic African markets as it seeks to tap into an estimated 250 billion rand ($15.4 billion) revenue opportunity...

June 18 (THEWILL) — The Nigerian Exchange (NGX) has introduced a new framework that will significantly change how share prices move on the local bourse, setting minimum trading volume thresholds that must be met before stock prices can record...

June 18 (THEWILL) — The Central Bank of Nigeria (CBN) allotted ₦1.49 trillion at its June 17 Treasury Bills (NTB) primary market auction, raising stop rates across all three maturities as investors sought higher yields amid persistent inflationary pressures.       Auction...

June 18 (THEWILL) — Cornerstone Insurance Plc has released its audited financial results for the year ended December 31, 2025, reporting a pre-tax profit of ₦8.73 billion, down from ₦28.62 billion recorded in 2024. The 69 percent year-on-year decline came...

June 18 (THEWILL) — MTN Group President and Chief Executive Officer, Ralph Mupita, has warned against growing calls in parts of Africa to boycott pan-African businesses, saying such actions could harm youth employment, digital transformation, and the continent’s economic...

June 18, (THEWILL) — The Federation Allocation Account Committee (FAAC), has shared a total sum of N2.3 trillion to the Federal Government, States, and Local Government Councils as May 2026 Federation Account Revenue. A statement signed by the Director, Press and...

June 17, (THEWILL) — Nigeria’s sweeping economic reforms have delivered stronger growth, lower inflation, and improved external reserves, but millions of Nigerians continue to grapple with worsening hardship, according to the International Monetary Fund (IMF). In its latest Article IV...