Ogochukwu Onwaeze, THEWILL

First HoldCo posted a record ₦653.5 billion pre-tax profit in the first half of 2026, driven by stronger fee income, lower impairment charges, and improved operating efficiency. The banking group restored FirstBank's Capital Adequacy Ratio ahead of schedule...

Investor wealth surged by ₦1.76 trillion as renewed buying in banking, insurance and industrial stocks lifted the NGX All-Share Index to 246,183.96 points, reversing last week’s cautious trading. Custodian, NEM Insurance, BUA Cement and First Holdco topped the...

July 20, (THEWILL) — Nigeria's economic landscape has changed significantly in 2026. Across banking, taxation, foreign exchange, digital assets, corporate governance and industrial development, regulators have accelerated reforms aimed at strengthening the economy, improving transparency and attracting investment. While some...

Nigerian crude grades strengthened after renewed US-Iran hostilities heightened fears of supply disruptions through the Strait of Hormuz, a vital global oil shipping route. European refiners are paying stronger premiums for Nigerian crude as Atlantic Basin supplies offer...

First HoldCo has recorded one of the strongest rallies on the Nigerian Exchange this year, surging 46 percent in four consecutive trading sessions before extending its gains to ₦105.50 per share. The remarkable rally has been fuelled by...

African governments, development partners and private investors are seeking to mobilise up to $3 billion over the next five years to commercialise the continent's pastoral livestock industry. The initiative aims to connect millions of pastoralists to formal markets,...

July 20, (THEWILL) — Three years after the Federal Government embarked on Nigeria’s remarkably far-reaching economic reforms in decades, the country’s investment profile is beginning to change. Foreign capital importation surged to $10.37 billion in the first quarter of...

The Nigeria Revenue Service has given companies with an annual turnover of ₦5 billion and above until July 31 to fully adopt its national e-invoicing platform or risk regulatory sanctions. The agency says it has already begun monitoring...

July 19, (THEWILL) — Nigeria’s equities market closed the week on a mixed note as sustained buying interest in banking stocks lifted market capitalisation, while the benchmark index posted a marginal decline amid profit-taking in selected industrial and consumer...

July 19, (THEWILL) — The Central Bank of Nigeria's decision to revoke the licences of 46 microfinance banks represents more than another round of regulatory enforcement. It signals a structural shift within Nigeria's financial system, where smaller community lenders...