Ogochukwu Onwaeze, THEWILL

First Bank Director Buys N177.9m First HoldCo Shares Amid Strong Market Rally

May 12, (THEWILL) — First HoldCo Plc has disclosed that Anil Dua, a non-executive director on the board of First Bank of Nigeria, acquired shares in the financial services group valued at N177.9 million, amid renewed investor interest in...

First HoldCo Seeks Shareholders’ Approval for N253bn Capital Raise at 14th AGM

May 12, (THEWILL) — First HoldCo Plc, the parent company of First Bank of Nigeria, will seek shareholders’ approval to raise N253.1 billion in fresh capital at its 14th Annual General Meeting scheduled for May 29, 2026, as the...

Unilever Nigeria Approves N18.67bn Dividend as Profit More Than Doubles in 2025

May 12, (THEWILL) — Unilever Nigeria Plc has approved the payment of N18.67 billion as dividend to shareholders for the 2025 financial year following resolutions passed at its Annual General Meeting (AGM) held on May 8, 2026, in...

Equities Rally As NGX Market Cap Crosses ₦160trn On Broad Buying Interest

May 11, (THEWILL) — The Nigerian equities market began the week on a strong note on Monday as sustained buying interest across several stocks pushed key indicators higher, lifting the market capitalisation above the ₦160 trillion mark. At the close...

Abbey Mortgage Eyes ₦164.5bn Capital Raise To Drive Expansion, Restructuring

May 11, (THEWILL) — Abbey Mortgage Bank Plc is seeking shareholders’ approval to raise ₦164.5 billion through a combination of equity and debt issuances as part of plans to strengthen its capital base, expand operations, and support long-term growth. The...

CBN Reshuffles DG’s Portfolios: Yuguda Heads Financial Stability As Usoro Returns To Operations

May 11, (THEWILL) — The Central Bank of Nigeria (CBN) has carried out a major reshuffle of its deputy governors’ portfolios as the apex bank intensifies efforts to strengthen monetary policy coordination, banking sector oversight and institutional governance. The reshuffle...

FCMB Asset Management Rebrands Four Mutual Funds, Lowers Investment Thresholds

May 11, (THEWILL) — FCMB Asset Management Limited (FCMBAM), the asset management subsidiary of FCMB Group Plc, has secured approval from the Securities and Exchange Commission (SEC) to rebrand four of its mutual funds and revise minimum subscription...

Senate Confirms Yuguda as CBN Deputy Governor

May 11, (THEWILL) — The Senate has confirmed Lamido Yuguda as a Deputy Governor of the Central Bank of Nigeria (CBN), following his nomination by President Bola Ahmed Tinubu in March 2026. Yuguda’s confirmation, concluded in April 2026, forms...

Soaring Treasury Yields Trigger Capital Flight from Equities

-As Bullish Trend Reshapes Nigeria’s Investment Landscape May 11, (THEWILL) — Nigeria’s capital markets are undergoing a significant reallocation of funds as institutional investors pivot from equities to government securities, driven by a widening yield gap that has redefined risk-return...

Guinness Nigeria Eyes Sustained Double-Digit Growth After Profit Recovery

May 11, (THEWILL) — Following its return to profitability after years of financial pressure, Guinness Nigeria Plc is now focused on sustaining growth through operational efficiency, localised decision-making, and consumer-driven innovation. Managing Director and Chief Executive Officer of Guinness...

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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