Business

June 16, (THEWILL) — The Debt Management Office (DMO), acting on behalf of the Federal Government of Nigeria, plans to raise ₦1.2 trillion through the reopening of two Federal Government of Nigeria (FGN) bonds at an auction scheduled for...

June 16, (THEWILL) — United Capital Group has acquired a 5 percent equity stake in Nigerian Exchange Group (NGX Group) Plc, a strategic move that reinforces its commitment to the development of Nigeria’s capital market and strengthens its position...

June 15, (THEWILL) — Nigeria’s equities market ended Monday’s trading session on a bearish and pressured note, as widespread selloffs across key counters dragged both market indicators lower amid weak investor appetite. The market capitalisation opened at N156.969 trillion and...

June 15, (THEWILL) — Nigeria’s headline inflation rate rose to 15.93 percent year-on-year in May 2026, up from 15.69 percent recorded in April, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics...

June 15, (THEWILL) — Nigerian banks generated ₦224.69 billion from electronic banking services and ATM/card-related charges in the first quarter of 2026, reflecting the growing adoption of digital payment channels across the country. Analysis of the unaudited financial statements of...

June 15, (THEWILL) — NCR Nigeria Plc has announced the appointment of Mrs Oluwatoyin Saraki as a Non-Executive Director, strengthening the company’s board as it builds on its recent financial recovery and growth momentum. The appointment was disclosed in a...

June 15, (THEWILL) — Nigeria recorded an estimated $17.78 billion in gross crude oil revenue between February and May 2026, generating a net windfall of $6.51 billion (about ₦9.77 trillion) above the Federal Government’s 2026 budget benchmark oil price...

June 15, (THEWILL) — Wema Bank Plc has demonstrated a persistent pattern of regulatory violations over the past five years, placing it among organisations that operate within a culture of subtle corporate deviation. An examination of the bank's financial statements...

June 15, (THEWILL) — Nigeria’s manufacturing sector generated ₦329.59 billion in Value Added Tax (VAT) revenue in the first quarter of 2026, reinforcing its position as one of the country’s most significant sources of non-oil tax revenue despite a...

June 14, (THEWILL) — The Nigerian naira has sustained its recovery following a steep decline in value as the foreign exchange reform initiated in 2023 reached its third anniversary on June 14, 2026.The Central Bank of Nigeria (CBN) announced...