Business

April 28, (THEWILL) — Coronation Insurance Plc has obtained shareholder approval to raise N9.26 billion in fresh capital, a move aimed at strengthening its financial position and supporting future growth. The approval was granted at the company’s Extraordinary General...

April 28, (THEWILL) — The Pension Transitional Arrangement Directorate (PTAD) has announced the full settlement of arrears tied to the N32,000 pension increment for retirees under the Defined Benefit Scheme (DBS). In a statement issued Monday, PTAD’s Head of...

April 27, (THEWILL) — The Nigerian equities market began the week on a negative note as sustained sell pressure, particularly in banking stocks, dragged key market indicators lower. Data from the Nigerian Exchange (NGX) showed that market capitalisation declined by...

April 27, (THEWILL) — United Bank for Africa (UBA) Plc says it is intensifying efforts to recover outstanding loans and expects to resume dividend payments to shareholders in 2026, despite a sharp decline in profit triggered by a major...

April 27, (THEWILL) — Nigeria’s external reserves fell by approximately $731 million in the first three weeks of April 2026, underscoring persistent pressure on the country’s foreign exchange buffers. Figures from the Central Bank of Nigeria (CBN) show reserves declined...

April 27, (THEWILL) — The United States has stepped up efforts to strengthen agricultural trade with Nigeria by expanding support under the Export Credit Guarantee Program (GSM-102), managed by the U.S. Department of Agriculture. The GSM-102 program offers U.S. government-backed...

April 27, (THEWILL) — The announcement by FCMB Group Plc on March 9, that it had completed the recapitalisation of its banking subsidiary, First City Monument Bank Limited, and secured its international banking license after obtaining all required regulatory...

April 27, (THEWILL) — Nigeria’s telecommunications giants are steadily losing control of the lucrative N400 billion airtime lending market, as five agile financial technology firms tighten their grip on the fast-growing segment. Once dominated by telecom operators, the...

April 27, (THEWILL) — The Debt Management Office (DMO), acting on behalf of the Federal Government of Nigeria, is set to raise N700 billion through a Federal Government Bond (FGN) auction scheduled for Monday, April 27, 2026. Details contained...

April 27, (THEWILL) — Kano State generated N102 billion in internally generated revenue (IGR) in 2025, reflecting a strong improvement on its performance in the previous year and signaling growing fiscal capacity. The Chairman of the Kano Internal Revenue...