Business

June 17, (THEWILL) — Nigeria’s equities market closed lower on Wednesday as sustained sell pressure across major counters extended the market’s losing streak, dragging both the benchmark index and market capitalisation further into negative territory. The market capitalisation declined by...

June 17, (THEWILL) — The Nigerian Council of Registered Insurance Brokers (NCRIB) has said Nigeria’s insurance penetration rate could increase significantly if pension assets currently managed by the National Pension Commission (PenCom) are brought back into the insurance ecosystem. Speaking...

June 17, (THEWILL) — The Central Bank of Nigeria (CBN) has unveiled sweeping regulatory measures requiring banks, fintechs and other payment service providers to disclose their ultimate beneficial owners, localise payments transaction data, and comply with new market share...

June 17, (THEWILL) — Nigeria’s external reserves increased by more than $1 billion in the first half of June 2026, extending the gains recorded in May and strengthening the country’s foreign exchange buffers. Data from the Central Bank of Nigeria...

June 17, (THEWILL) — Sterling Financial Holdings Company Plc has secured shareholder approval to raise $400 million in fresh capital as it seeks to strengthen its capital base and expand its operations across Nigeria’s financial services sector. The approval was...

June 17, (THEWILL) — The Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) have announced plans to reopen negotiations with the Federal Government on a new national minimum wage, arguing that the current wage structure can no longer...

June 17, (THEWILL) — Petrol prices could decline to about ₦1,200 per litre in the coming days following a fresh reduction in ex-depot prices by the Dangote Petroleum Refinery, marketers have said. The refinery, on Monday, slashed its petrol gantry...

June 16, (THEWILL) — Nigeria’s equities market closed lower on Tuesday as sustained sell pressure across key counters weighed on investor sentiment, dragging both the benchmark index and market capitalisation into negative territory. The market capitalisation declined by N782 billion...

June 16, (THEWILL) — The Nigerian Communications Commission (NCC), in collaboration with consulting firm KPMG, has commenced a comprehensive review of telecommunications interconnection pricing, marking the sector’s first major tariff reassessment in almost eight years. The exercise, launched at a...

June 16, (THEWILL) — Nigeria’s average daily natural gas production rose to 7.93 billion standard cubic feet per day (bcf/d) in May 2026, reflecting steady growth in the country’s gas sector as authorities push to expand domestic supply and...