Ogochukwu Onwaeze, THEWILL

The Nigeria Revenue Service has issued new guidelines outlining the tax treatment of cryptocurrency and other virtual asset transactions under the 2025 tax laws. The framework sets out registration, reporting, valuation and record-keeping requirements for taxpayers, Virtual Asset...

Femi Otedola says he has invested more than N600 billion of his personal wealth in First HoldCo and signalled plans to increase his stake beyond 51 percent. The billionaire said First Bank was on the brink of regulatory...

Investors gained ₦288 billion as the NGX opened the week higher, with the All-Share Index climbing 446.85 basis points. Eterna and Caverton rallied by the maximum 10 percent to lead the gainers’ chart, while buying interest in Omatek,...

Mobile money transactions rose 81.3 percent to N372.14 trillion in 2025, while transaction volume climbed 65.8 percent to 28.74 billion, according to the CBN. The apex bank attributed the growth to expanding agent networks, wider adoption of digital...

Local refineries supplied 78.6 percent of Nigeria's petrol demand in the first half of 2026, up from 38.9 percent in 2025, while imports dropped to 21.4 percent, according to MEMAN. The report said expanded refining capacity led by...

The Federal Government is weighing a dollar-for-naira swap arrangement to ease Dangote Refinery's growing foreign exchange burden as crude suppliers continue to demand payment in dollars. Dangote says inadequate crude supplied under the naira-for-crude initiative has forced it...

Federal civil servants have given Finance Minister Taiwo Oyedele until August 11 to resolve outstanding wage awards and the delayed 40 percent peculiar allowance or risk industrial action. Workers accused the minister of ignoring repeated appeals, saying that...

August 03, (THEWILL) — The Chairman of the Alliance for Economic Research and Ethics (AERE), Dele Oye, has said that the record $4.375 billion achieved in Nigeria's foreign exchange market within a single week has exposed the vulnerability of...

Dangote Industries is investing over $800 million to expand the Itori cement plant in Ogun State, doubling production capacity from six million to 12 million tonnes annually. The expansion is expected to strengthen local cement supply, increase exports,...

The Nigerian stock market ended the week on a subdued note as sustained profit-taking kept the benchmark index in negative territory despite renewed buying interest in selected stocks. Eterna, Regal Insurance, Consolidated Hallmark and Associated Bus Company Plc...