Business

NGX Closes Flat As Mixed Trading Leaves Index Marginally Lower

April 02, (THEWILL) — Nigeria’s equities market ended Thursday’s session on a largely flat note as modest losses in select counters offset gains recorded across several stocks. At the close of trading, the market capitalisation slipped slightly from ₦129.809...

Borrowing Squeeze Persists as Manufacturers Face Interest Rates of Up to 60%

April 02, (THEWILL) — Manufacturers in Nigeria continue to grapple with steep borrowing costs of up to 60 per cent, despite recent monetary policy easing by the Central Bank of Nigeria (CBN), according to new data from the...

Oil Prices Spike as Trump Signals Prolonged U.S. Offensive Against Iran

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April 02, (THEWILL) — Global oil prices surged sharply on Thursday after Donald Trump indicated that the United States would continue its military offensive against Iran for another two to three weeks, heightening concerns over extended supply disruptions...

Equities Gain ₦600bn As NGX Extends Rally Despite Negative Market Breadth

April 01, (THEWILL) — Nigeria’s equities market closed higher on Wednesday, as gains in selected heavyweight stocks lifted the benchmark index, even though decliners outpaced advancers during the trading session. At the close of trading on the Nigerian Exchange, the...

Banks Raise ₦4.65tn As CBN Concludes Recapitalisation Drive

April 01, (THEWILL) — The Central Bank of Nigeria (CBN) has announced the conclusion of its banking sector recapitalisation programme, revealing that Nigerian banks collectively raised ₦4.65 trillion in new capital over the 24-month exercise aimed at strengthening the...

FGN Bond Auction Sees Strong Demand, Oversubscribed by 4% in March

April 01, (THEWILL) — Nigeria’s Federal Government bond auction recorded strong investor demand in March, with total subscriptions reaching N931.5 billion about 4 percent above the N750 billion offered. Despite the oversubscription, total allotments declined by 7.4 percent to N485.49...

Police Embark On Joint Security Operations To Intensify Security During Easter Celebration In Ogun

April 01, (THEWILL) - Ogun State Police Command has embarked on joint security operations with other security agencies to intensify security measures across the state to ensure a peaceful and safe Easter celebration in the state. The operations involved deploying...

NGX Deepens Investor Education Drive with Student-Focused Market Safety Initiative

April 01, (THEWILL) — The Nigerian Exchange Limited has stepped up efforts to protect young investors through a targeted educational programme on market integrity and fraud prevention. The initiative, part of Global Money Week 2026, brought together over 200 students...

CBN Tightens Cybersecurity Rules for Banks, Sets Compliance Deadline

April 01, (THEWILL) — The Central Bank of Nigeria has issued a directive requiring banks and other financial institutions to strengthen their cybersecurity frameworks within a defined compliance timeline as part of efforts to protect Nigeria’s financial system from...

GTCO Post-Tax Profit Plunges 14.9% To ₦865bn In 2025

March 31, (THEWILL) — Guaranty Trust Holding Company Plc reported a post-tax profit of ₦865 billion in 2025, against ₦1 trillion posted in the previous year, representing a 14.94 percent decline. The trajectory cascades from the drop in pre-tax...
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Tinubu Doesn’t Live Large — NRS Boss Fires Back At Critics, Says President Walks To Work, Eats Once Daily, Debunks $279m Fraud Allegation

Describing the allegations as entirely false, Adedeji said they were the handiwork of individuals determined to discredit him and weaken public confidence in the Tinubu administration.
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