Business

May 11, (THEWILL) — Nigeria’s five Tier-1 lenders, collectively known as FUGAZ banks, recorded a sharp rise in loan impairment charges in 2025 as worsening macroeconomic conditions and mounting repayment pressures weighed on borrowers. The banks First HoldCo Plc,...

May 10, (THEWILL) — Nigerian banks, fintech platforms, and customers are enjoying the advantages of strategic commitments made by the Nigeria Inter-Bank Settlement System (NIBSS) in developing a world-class e-payment system. NIBSS is a shared service payment infrastructure company that...

May 10, (THEWILL) — The Nigerian equities market closed the week on a positive note, as improved investor activity lifted key market indicators despite pockets of profit-taking across some large-cap stocks. The Nigerian Exchange Limited recorded a total turnover of...

May 10, (THEWILL) — The Nigerian Exchange’s surge to the 242,000-point threshold in May 2026 has cemented one of the strongest bull runs in its history, but beneath the headline performance lies a sharply imbalanced market structure where a...

May 08, (THEWILL) — The Nigerian equities market closed on a strong note on Friday, as renewed buying interest across key counters pushed the benchmark indices sharply higher. Market capitalisation rose from ₦153.858 trillion to ₦157.094 trillion, representing a...

May 08, (THEWILL) — C&I Leasing Plc posted a pretax profit of ₦532.84 million for the first quarter of 2026, representing a 9.2 percent increase, compared with the ₦487.9 million recorded in the corresponding period of 2025. The company disclosed...

May 08, (THEWILL) — NGX Regulation Limited has issued stricter compliance directives for online trading platforms, warning that brokers who deploy digital systems without prior approval risk sanctions as part of efforts to strengthen investor protection and market integrity. In...

May 08, (THEWILL) — FirstHoldCo Plc delivered a standout first-quarter 2026 performance, with profit before tax rising sharply to ₦321.12 billion from ₦186.48 billion in the same period last year, underscoring a strong recovery following its 2025 balance sheet...

May 08, (THEWILL) — The Nigeria Revenue Service (NRS) has announced that its tax offices nationwide will begin operating on Saturdays to assist taxpayers using its newly introduced digital tax platform, Rev360, ahead of the June peak filing season. The...

May 08, (THEWILL) — Ecobank Transnational Incorporated (ETI), the parent company of the Ecobank Group, has announced plans to raise fresh funds from the international debt capital market as part of efforts to refinance existing obligations and expand its...