Business

May 05, (THEWILL) — United Bank for Africa (UBA), Redtech, and MoMo PSB have launched a payment interoperability partnership that expands cardless payment access for consumers and merchants across Nigeria. Redtech is backed by Heirs Holdings; MoMo PSB is...

May 05, (THEWILL) — United Bank for Africa Plc (UBA) has announced the retirement of Erelu Angela Adebayo from its board, marking the end of a notable tenure as a non-executive director. The development was disclosed in a statement dated...

May 05, (THEWILL) — Beta Glass Plc has reported a solid, though moderated, financial performance for the first quarter ended March 31, 2026, reflecting resilience amid a challenging business environment. According to its unaudited interim results, the leading glass container...

May 05, (THEWILL) — Zenith Bank Plc has appointed Engr. Mustafa Bello as its new Chairman following the retirement of its founder, Jim Ovia, whose 12-year tenure on the board expired on May 5, 2026, in line with regulatory...

May 05, (THEWILL) — The Debt Management Office (DMO) has opened subscriptions for the May 2026 Federal Government of Nigeria (FGN) Savings Bond, offering investors annual returns of up to 14.525 percent. Announced on Monday on behalf of the Federal...

May 05, (THEWILL) — Nigeria’s five largest lenders recorded strong operating growth in 2025, but a sharp reversal in foreign-exchange windfalls, rising credit impairments and higher operating costs dragged overall profitability lower. A review of the 2025 financial statements of...

May 05, (THEWILL) — Nigeria’s renewed push to restore its domestic refining capacity has once again, gained momentum, as NNPC Limited signed a fresh Memorandum of Understanding (MoU) with two Chinese firms to finally revive and expand the country’s...

May 04, (THEWILL) — Trading on the Nigerian Exchange (NGX) commenced the week on a modestly positive note as bargain hunting in select equities lifted the market benchmark. At the start of the trading session on Monday, the market capitalisation...

May 04, (THEWILL) — Despite holding one of Africa’s largest crude oil reserves, Nigeria continues to underperform its production potential, highlighting deep structural weaknesses in the sector, according to recent data from the Organisation of the Petroleum Exporting Countries...

May 04, (THEWILL) — Zichis Agro-Allied Industries Plc has secured shareholder approval to raise ₦50 billion in fresh capital as part of an ambitious plan to scale operations across Nigeria’s agribusiness value chain. The approval was granted at the company’s...