Ogochukwu Onwaeze, THEWILL

NGX Rebounds Strongly As Investors Gain ₦3.17trn

July 6, (THEWILL) — The Nigerian Exchange (NGX) kicked off the new trading week on a bullish note, adding ₦3.17 trillion to investors’ wealth. Market capitalisation appreciated by 2.15 percent to ₦150.271 trillion, from ₦147.102 trillion recorded at Friday’s close,...

Tony Elumelu To Retire As UBA Chairman, Emmanuel Nnorom Named Successor

July 6, (THEWILL) — United Bank for Africa (UBA) Plc has announced that its Group Chairman, Tony Elumelu, will retire from the Board on August 21, 2026, in line with the Central Bank of Nigeria's corporate governance guidelines on...

Dangote Cement Raises Dividend 50 Percent To ₦45 Per Share, Rewards Shareholders With ₦753.8bn Payout

July 6, (THEWILL) — Dangote Cement Plc has increased its dividend payout by 50 percent, declaring a dividend of ₦45 per share for shareholders, up from ₦30 per share, translating to a total payout of about ₦753.8 billion. The dividend,...

FG Meets Dangote Refinery, FCCPC, PETROAN, Others Over Fair PMS Pricing

July 6 (THEWILL) — The Federal Government on Monday convened a meeting with Dangote Refinery, the Federal Competition and Consumer Protection Commission (FCCPC), the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), and other key players in the...

Naira Remains Stable as CBN’s Hawkish Stance, Stronger Oil Output Support FX Market

July 6 (THEWILL) — The naira has maintained relative stability in 2026, supported by the Central Bank of Nigeria’s (CBN) tight monetary policy, stronger foreign exchange reserves, and improved crude oil production. After experiencing sharp volatility between 2024 and early...

Nigeria’s Import Bill Shrinks as Local Refining Reshapes Trade Balance in H1 2026

July 06, (THEWILL) — Nigeria's external sector posted one of its strongest starts to a year in recent history as a sharp decline in refined petroleum imports helped reduce the country's import bill, widen its trade surplus and ease...

PZ Cussons Grows Pre-Tax Profit by 364% to N77.32bn in FY2026

July 6 (THEWILL) — PZ Cussons Nigeria Plc recorded a sharp increase in profitability for the financial year ended May 31, 2026, as pre-tax profit surged 364.08 percent to N77.32 billion from N16.66 billion a year earlier, driven by...

NDIC to Liquidate 46 Nullified Microfinance Banks Amid CBN Regulatory Crackdown

July 5 (THEWILL) — The Nigeria Deposit Insurance Corporation (NDIC), has been appointed as the official Liquidator of the 46 Microfinance Banks (MfBs) whose licences were revoked on July 1, 2026, by the Central Bank of Nigeria (CBN). The...

Mid-Cap Stocks Defy NGX Sell-Off as Investors Rotate Out of Banking Counters

July 5 (THEWILL) — Nigeria's stock market generated N47.84 trillion in investor wealth in the first half of 2026, but the headline performance masked a sharp shift in market leadership. While June's correction erased N13.29 trillion in market value...

NGX Extends Weekly Decline as Market Sheds ₦1.80tn Despite Improved Trading Activity

July 03, (THEWILL) — The Nigerian Exchange (NGX) closed the week on a negative note as sustained profit-taking across key counters dragged market performance lower, with investors losing ₦1.80 trillion despite a significant increase in trading activity. The benchmark...

About Me

Ogochukwu Onwaeze is a writer specializing in business and economic journalism. At THEWILL News Media, she translates market trends, financial developments, and policy shifts into clear and engaging stories.
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