Business

February 26, (THEWILL) — Seplat Energy Plc has reported a strong financial performance for the full year ended 2025, with profit before tax (PBT) rising by 86.7 percent to $497.8 million, compared to $266.7 million recorded in the...

February 26, (THEWILL) — Nestlé Nigeria Plc has posted a strong turnaround in the 2025 financial year, returning to profitability with a Profit Before Tax (PBT) of ₦166.8 billion, compared with a pre-tax loss of ₦221.5 billion in 2024,...

February 26, (THEWILL) — The NRS has set an ambitious revenue target of ₦40.7 trillion for the 2026 fiscal year, signalling a renewed push to strengthen tax administration and expand the national revenue base amid ongoing fiscal reforms...

February 25, (THEWILL) — The Naira strengthened modestly in Nigeria’s parallel (black) foreign exchange market on Wednesday, following the Central Bank of Nigeria’s (CBN) decision to cut the Monetary Policy Rate (MPR) from 27 percent to 26.5 percent. The...

February 25, (THEWILL) — Stanbic IBTC Holdings Plc has signalled a potential delay in the filing of its Audited Financial Statements (AFS) for the financial year ended December 31, ahead of the March 31 regulatory deadline. In a notification to...

February 25, (THEWILL) — Nigeria’s banking industry is entering the final stretch of its recapitalisation race, with lenders collectively raising about ₦4 trillion as they work to meet new minimum capital requirements set by the Central Bank of Nigeria...

February 24, (THEWILL) — Nigeria’s state-owned oil company, the Nigerian National Petroleum Company (NNPC), is preparing to export a newly developed crude oil grade called Cawthorne starting in March 2026, in a move expected to further lift the country’s...

February 24, (THEWILL) — The Governor of the Central Bank of Nigeria, Olayemi Cardoso, says the banking sector recapitalisation programme remains on schedule, with momentum increasing as the March 31, 2026 compliance deadline approaches. Speaking at the close of the...

February 24, (THEWILL) — The Nigerian equities market closed Tuesday’s session on a bearish note, reversing some of the gains recorded earlier in the week as increased selling pressure dragged key indicators lower. Profit-taking activities across major stocks, particularly in...

February 24, (THEWILL) — The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has lowered the Monetary Policy Rate by 50 basis points from 27% to 26.5%, signalling a cautious shift toward monetary easing amid evolving economic...