Business

June 1 (THEWILL) — Nigeria’s capital market has recorded a major milestone in its drive for greater efficiency and global competitiveness, becoming the first market in Africa to transition to a T+1 settlement cycle, a move expected to improve...

June 1 (THEWILL) — The Supreme Court on Monday overturned a Court of Appeal order that froze the assets of Neconde Energy Limited, Nestoil Limited and two other entities over an alleged $1.1 billion debt dispute involving FBNQuest Merchant...

June 1 (THEWILL) — The Nigerian equities market reversed previous gains on Monday as renewed profit-taking in large-cap stocks, particularly BUA Cement, dragged key performance indicators lower. Market capitalisation declined by ₦1.811 trillion to close at ₦158.697 trillion from ₦160.508...

June 1 (THEWILL) — The Central Bank of Nigeria (CBN) has launched the Nigeria Payment System Vision (PSV) 2028, an ambitious roadmap aimed at raising financial inclusion to 95 percent of the adult population and strengthening the country’s position...

June 1 (THEWILL) — African fintech unicorn Flutterwave has surpassed one billion transactions and processed more than $40 billion in total payment value since its launch, underscoring its growing role in Africa’s digital payments ecosystem. The milestone was disclosed by...

June 01, (THEWILL) — Workers of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), under the aegis of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), have embarked on an indefinite nationwide strike, shutting down all commission...

June 1 (THEWILL) — FMDQ Group Plc has appointed seasoned financial markets expert, Zeal Akaraiwe, as its new Group Chief Executive Officer, ushering in a new era of leadership at Nigeria’s leading over-the-counter financial market infrastructure group. The appointment follows...

June 1 (THEWILL) — The naira recorded a slight depreciation against the U.S. dollar in May 2026, closing the month at ₦1,372/$ at the official foreign exchange market, according to data from the Central Bank of Nigeria (CBN). The closing...

-Marginalises Host States, Communities June 01 (THEWILL) — Nigeria has achieved a significant milestone in her gas development plan with the successful completion of the River Niger crossing – a technically challenging section of the Obiafu-Obrikom-Oben (OB3) pipeline project, that...

June 1 (THEWILL) — Nigerian banks increased their lending to the Federal Government by ₦15.66 trillion over the past year, highlighting a growing preference for public-sector exposure amid weaker credit growth to businesses and households. According to the Central Bank...