Business

June 04, (THEWILL) — The Nigerian equities market closed lower on Thursday as persistent selling pressure outweighed bargain hunting in selected stocks, dragging key performance indicators further into negative territory. Market capitalisation declined by ₦580 billion, falling from ₦155.939 trillion...

June 04, (THEWILL) — The Central Bank of Nigeria (CBN) has increased the maximum foreign exchange remittance for tuition payments by Nigerian students studying abroad to $25,000 per semester, up from the previous cap of $15,000. The adjustment is contained...

June 4 (THEWILL) — The Nigerian Electricity Regulatory Commission (NERC) has approved a special compensation package for eligible Band A customers affected by electricity supply shortfalls between February and March 2026, following generation constraints that disrupted service delivery across...

June 04, (THEWILL) — Nigeria’s manufacturing sector recorded a sharp decline in foreign capital inflows in Q1 2026, even as total capital importation into Nigeria surged to its strongest level in recent periods. Data released by the National Bureau of...

June 4 (THEWILL) — The Central Bank of Nigeria (CBN) raised ₦1.457 trillion at its June 3 Treasury Bills (NTB) auction after increasing stop rates across all tenors, despite attracting subscriptions more than double the amount offered. Auction results released...

June 4 (THEWILL) — The Development Bank of Nigeria (DBN) Plc has disbursed more than ₦1 trillion to over one million Micro, Small and Medium Enterprises (MSMEs), helping to create over 1.6 million jobs since it began operations in...

June 03, (THEWILL) — The Nigerian equities market extended its bearish streak on Wednesday as widespread selloffs across major stocks dragged key market indicators lower, wiping ₦2.28 trillion off investors’ wealth. Market capitalisation declined from ₦158.219 trillion at the opening...

June 03, (THEWILL) — Nigeria recorded a sharp rise in foreign capital inflows in the first quarter of 2026, attracting $10.37 billion, an 83.8 percent increase from the $5.64 billion recorded in the same period of 2025, according to...

June 3 (THEWILL) — Public sector pension contributions surged by 234.85 per cent to ₦550.96 billion in the fourth quarter of 2025, highlighting stronger compliance with Nigeria’s Contributory Pension Scheme (CPS) and the settlement of outstanding pension arrears. This was...

June 3 (THEWILL) — Legend Internet Plc has reassured investors of stronger future earnings prospects despite posting a pre-tax loss of ₦199.34 million for the six months ended January 31, 2026, as aggressive spending on network expansion, rising operating...