Ogochukwu Onwaeze, THEWILL

NGX Extends Decline as Bearish Sentiment Deepens

June 17, (THEWILL) — Nigeria’s equities market closed lower on Wednesday as sustained sell pressure across major counters extended the market’s losing streak, dragging both the benchmark index and market capitalisation further into negative territory. The market capitalisation declined by...

NCRIB: How Unlocking Pension Assets Could Drive Nigeria’s Next Insurance Boom

June 17, (THEWILL) — The Nigerian Council of Registered Insurance Brokers (NCRIB) has said Nigeria’s insurance penetration rate could increase significantly if pension assets currently managed by the National Pension Commission (PenCom) are brought back into the insurance ecosystem. Speaking...

CBN Tightens Oversight, Orders Banks, Fintechs To Reveal Beneficial Owners, Localise Data By 2027

June 17, (THEWILL) — The Central Bank of Nigeria (CBN) has unveiled sweeping regulatory measures requiring banks, fintechs and other payment service providers to disclose their ultimate beneficial owners, localise payments transaction data, and comply with new market share...

Nigeria’s External Reserves Gain Over $1bn In Two Weeks, Cross $50.8bn

June 17, (THEWILL) — Nigeria’s external reserves increased by more than $1 billion in the first half of June 2026, extending the gains recorded in May and strengthening the country’s foreign exchange buffers. Data from the Central Bank of Nigeria...

Sterling HoldCo Gets Shareholders’ Nod To Raise $400 Million, Approves Share Consolidation

June 17, (THEWILL) — Sterling Financial Holdings Company Plc has secured shareholder approval to raise $400 million in fresh capital as it seeks to strengthen its capital base and expand its operations across Nigeria’s financial services sector. The approval was...

Labour Moves To Reopen Minimum Wage Talks, Demands Living Wage For Workers

June 17, (THEWILL) — The Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) have announced plans to reopen negotiations with the Federal Government on a new national minimum wage, arguing that the current wage structure can no longer...

Petrol Prices May Fall To ₦1,200/Litre As Dangote Cuts Rates

June 17, (THEWILL) — Petrol prices could decline to about ₦1,200 per litre in the coming days following a fresh reduction in ex-depot prices by the Dangote Petroleum Refinery, marketers have said. The refinery, on Monday, slashed its petrol gantry...

NGX Extends Losses as Sell Pressure Drags Market Lower

June 16, (THEWILL) — Nigeria’s equities market closed lower on Tuesday as sustained sell pressure across key counters weighed on investor sentiment, dragging both the benchmark index and market capitalisation into negative territory. The market capitalisation declined by N782 billion...

NCC Begins First Major Telecom Pricing Review in Nearly a Decade

June 16, (THEWILL) — The Nigerian Communications Commission (NCC), in collaboration with consulting firm KPMG, has commenced a comprehensive review of telecommunications interconnection pricing, marking the sector’s first major tariff reassessment in almost eight years. The exercise, launched at a...

Meta Unveils AI-Powered Search, Photo Editing Tools For Facebook Users

June 16, (THEWILL) — Global technology company Meta has launched a suite of artificial intelligence (AI)-powered features on Facebook aimed at helping users find information, create content and enhance photos more easily. The announcement, made in a post on the...

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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