Business

February 19, (THEWILL) — The Nigerian equities market recorded a bullish session on Thursday, with strong sectoral support lifting prices across key stocks and driving investor optimism. The market opened with a Market Capitalisation of ₦122.236 trillion and closed higher...

February 19, (THEWILL) — The Nigerian business community is mourning the passing of Chief Israel C. Ogbue, former Chairman of the United Bank for Africa (UBA), who died at the age of 99. His death, first reported by Nairametrics, marks...

February 19, (THEWILL) — The Federal Mortgage Bank of Nigeria is positioning itself for a major transformation as it targets a ₦750 billion recapitalisation aimed at revitalising housing finance across the country. For years, limited capital has constrained the...

February 19, (THEWILL) — A steady moderation in inflation is strengthening expectations that the Central Bank of Nigeria could begin easing monetary policy, offering potential relief to businesses and households facing high borrowing costs. Recent data shows price pressures...

February 19, (THEWILL) — Nigeria’s growing dependence on concessional financing has come into sharper focus as its debt to the World Bank’s International Development Association (IDA) rose to $18.7 billion. For Africa’s largest economy, the figure tells a broader...

February 18, (THEWILL) — Zenith Bank has alerted the public to a fraudulent investment video circulating on social media that falsely associates its founder, Jim Ovia, with a high-return financial scheme. The bank stated that the content is entirely...

February 18, (THEWILL) — The Governor of the Central Bank of Nigeria, Mr Olayemi Cardoso, has called for deeper collaboration among African central banks and development finance institutions to accelerate growth, industrialisation, and job creation across the continent while...

February 18, (THEWILL) — The Nigerian equities market closed Tuesday’s trading session on a mildly negative note as profit-taking activities in bellwether stocks weighed on overall performance despite relatively balanced market breadth. The market capitalisation declined from ₦122.129 trillion at...

February 18, (THEWILL) — Nigerian Exchange Limited (NGX) has recorded its first commercial paper (CP) listing with the admission of Dangote Cement Plc’s Series 1 and Series 2 issuances under its ₦500 billion Commercial Paper Programme, marking a milestone...

February 18, (THEWILL) — The proposed merger between Providus Bank and Unity Bank Plc has stalled after regulatory concerns emerged over insider-related loan exposures, shifting attention from strategic consolidation to governance and compliance. Sources indicate the Central Bank of Nigeria...