Business

Airtel Launches Data Usage Calculator as Telecom Industry Pushes Transparency

June 10 (THEWILL) — Airtel Nigeria has unveiled a new digital tool, the Airtel Web Data Calculator, designed to help subscribers better understand and estimate their internet consumption based on everyday online activities. The initiative, announced in a statement signed...

IMF Pushes Nigeria to Regulate Stablecoins as Crypto Adoption Accelerates

June 10 (THEWILL) — The International Monetary Fund (IMF) has urged Nigeria to bring stablecoins and other crypto-asset activities under formal regulatory oversight, warning that the rapid growth of digital assets could pose risks to financial stability if left...

FG Unveils $1bn AfCFTA Fund to Boost Nigerian Exporters

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June 10 (THEWILL) — The Federal Government has unveiled opportunities for Nigerian businesses to access a $1bn African Continental Free Trade Area (AfCFTA) Adjustment Fund Credit Facility, as part of efforts to strengthen exports, improve competitiveness and expand trade...

IMF: Nigeria’s Foreign Debt to Rise to $72.6bn by 2027 Amid Election-Year Spending Pressures

June 10 (THEWILL) — Nigeria’s public external debt is projected to increase by $20.7bn to $72.6bn by 2027, according to the International Monetary Fund, raising concerns about the country’s debt sustainability despite recent macroeconomic reforms. The projection was contained in...

Improved FX Liquidity Keeps Naira Steady, Trades ₦1,360.55/$ in NFEM, Parallel Rate Hovers Below ₦1,400/$

June 10 (THEWILL) — Improved foreign exchange liquidity helped keep the naira largely stable against the United States dollar on Wednesday, with the local currency trading at ₦1,360.55/$ in the Nigerian Foreign Exchange Market (NFEM), while the parallel market...

IMF Raises Transparency Concerns Over Nigeria’s Planned $5bn Abu Dhabi Bank Loan

June 09, (THEWILL) — The International Monetary Fund (IMF) has expressed concerns over Nigeria’s proposed $5 billion borrowing arrangement with First Abu Dhabi Bank, warning that the financing structure could expose the country to fiscal risks due to limited...

Equities Market Extends Rebound As Airtel Africa Powers NGX Higher

June 09, (THEWILL) — The Nigerian equities market sustained its positive momentum on Tuesday as gains in large-cap stocks, particularly Airtel Africa, lifted key market indicators despite a mixed breadth performance. Market capitalisation advanced by ₦835 billion to close at...

IMF Says Economic Reforms Yet To Ease Hardship For Nigerians

June 09, (THEWILL) — Despite signs of improving macroeconomic stability, the International Monetary Fund (IMF) says many Nigerians continue to face significant economic hardship as high prices and cost-of-living pressures weigh on households. In its latest assessment of the Nigerian...

Seplat Names Tony Elumelu Chairman-Elect, Appoints Effiong Okon CEO

June 09, (THEWILL) — Seplat Energy Plc has announced a major leadership transition, which will see renowned investor and business leader, Tony Elumelu, assume the role of Chairman from January 1, 2027, while veteran oil and gas executive Effiong...

Guinea Insurance Deposits N1.5bn with CBN, Advances Recapitalisation Drive Ahead of NIIRA Deadline

June 09, (THEWILL) — Guinea Insurance Plc has deposited N1.5 billion with the Central Bank of Nigeria (CBN) in compliance with the statutory requirements of the Nigerian Insurance Industry Reform Act (NIIRA) 2025, marking a significant milestone in...
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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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