Business

Access Holdings Emphasises Sustainable Growth, Balance Sheet Strength at 4th AGM

June 14, (THEWILL) — Access Holdings Plc used its 4th Annual General Meeting in Lagos on June 11, 2026 to reinforce a shift from aggressive expansion to disciplined value creation, telling shareholders that future growth will be measured by...

United Capital Expands into East Africa, Secures Licence to Operate in Rwanda, Ethiopia

June 14, (THEWILL) — United Capital, a leading pan-African investment banking and financial services group, has achieved a major milestone in its continental expansion strategy with the successful acquisition of investment banking licences in Ethiopia and Rwanda. With these approvals,...

Xpress Payments Gears up for Grand 10th Anniversary Celebration

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June 14, (THEWILL) — Leading payment technology company, Xpress Payment Solutions Limited (Xpress Payments), has announced a series of high-profile events to celebrate its 10th anniversary. The company, which commenced operations in 2016, continues to play a significant role in...

$10.37bn Inflows, Fewer Jobs: Why Nigeria’s Capital Surge Bypasses Labour Market

June 14, (THEWILL) — Nigeria attracted a record $10.37 billion in foreign capital during the first quarter of 2026, nearly doubling inflows recorded a year earlier. Yet, despite the surge, the country’s labour market remains largely unchanged, exposing a...

Elon Musk Becomes World’s First Trillionaire After Record SpaceX IPO

June 12 (THEWILL) — Elon Musk has become the first person in history to achieve a paper net worth exceeding $1 trillion following the blockbuster initial public offering of SpaceX, which has propelled the aerospace company into the...

Nigeria’s VAT Revenue Climbs to N2.42tn in Q1 2026

June 12, (THEWILL) — Nigeria generated N2.42 trillion in Value Added Tax (VAT) revenue in the first quarter of 2026, marking a 17.06 percent increase from the N2.07 trillion recorded in the corresponding period of 2025, according to the...

CBN Unveils Revised Guidelines to Strengthen Financial Holding Companies’ Regulation

June 12 (THEWILL) — The Central Bank of Nigeria (CBN) has released a draft of revised guidelines for the licensing and regulation of Financial Holding Companies (FHCs), seeking comments and recommendations from banks, financial institutions, industry stakeholders, and members...

Boost For Economy As Nigeria’s Crude Output Hits 1.53mbpd, Surpasses OPEC Target

June 11 (THEWILL) — Nigeria has recorded a significant milestone in its oil industry recovery efforts, with crude oil production rising to 1.53 million barrels per day (mbpd) in May 2026, surpassing the country's production quota allocated by the...

Bears Retain Grip As NGX Extends Weak Run, Investors Lose ₦73bn

June 11 (THEWILL) — The Nigerian stock market closed lower on Thursday, as persistent profit-taking in select equities offset gains recorded in several counters, leaving the benchmark index and market capitalisation in negative territory. Market capitalisation declined by ₦73...

CBN Wins Global Recognition As Cardoso Receives Central Bank Of The Year Award

June 11 (THEWILL) — The Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, has formally received the prestigious Central Bank of the Year Award at the Central Banking Awards ceremony held in London, describing the recognition as a reflection...
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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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