Business

April 17, (THEWILL) — The Central Bank of Nigeria (CBN), in collaboration with the Financial Markets Dealers Association (FMDA), has introduced the Nigerian Overnight Financing Rate (NOFR) as a new benchmark for Nigeria’s money market, a move to improve transparency,...

April 17, (THEWILL) — The Nigerian equities market closed the week on a strong bullish note as sustained buying interest lifted key indicators higher during Friday’s trading session. Market capitalisation opened the session at ₦136.435 trillion and advanced to...

April 17, (THEWILL) — Nigeria’s Net Domestic Assets (NDA) recorded a strong year-on-year increase, rising by about 21 percent to ₦94.74 trillion in February 2026 from ₦78.18 trillion in the same period of 2025, reflecting expanding liquidity within...

April 17, (THEWILL) — The Director-General of Nigeria’s Infrastructure Concession Regulatory Commission (ICRC), Dr Jobson Ewalefoh, said that the country has intensified efforts to bridge its infrastructure deficit, estimated at $2.3 trillion between 2020 and 2043. Ewalefoh said...

April 17, (THEWILL) — Aliko Dangote, President of the Dangote Group, has raised concerns that entrenched foreign interests are hindering Africa’s industrialisation and delaying its path to economic self-sufficiency. Speaking at the Investing in Africa Forum during the IMF/World Bank...

April 17, (THEWILL) — Flutterwave has convened a high-level roundtable on Africa’s digital economy, bringing together global investors, policymakers, and development institutions on the sidelines of the IMF/World Bank Spring Meetings in Washington, D.C. Held in partnership with Invest Africa...

April 17, (THEWILL) — Nearly N30 billion in pension contributions remains uncredited to workers’ Retirement Savings Accounts (RSAs), highlighting persistent inefficiencies in Nigeria’s Contributory Pension Scheme (CPS). Data from the National Pension Commission (PenCom) shows that N29.84 billion is currently...

April 17, (THEWILL) — The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said Nigeria will not seek loans from the International Monetary Fund (IMF) at this time, despite rising concerns over the country’s growing...

April 17, (THEWILL) — The International Monetary Fund (IMF) has declined to take a position on whether Nigeria should prioritise external or domestic borrowing, stressing the importance of overall debt sustainability instead. This position was stated on April 16, 2026,...

April 16, (THEWILL) — First City Monument Bank is leveraging cultural platforms to drive small business growth, financial inclusion, and broader market access, positioning events like the Ibadan Cultural Festival as viable economic hubs. The bank, a lead partner of...