Ogochukwu Onwaeze, THEWILL

June 3 (THEWILL) — Nigerian banks continued to strengthen their grip on retail deposits in 2025 despite growing competition from fintech firms, with deposits across six major lenders rising 24 percent year-on-year to ₦39.01 trillion from ₦31.46 trillion in...

June 3 (THEWILL) — Abbey Mortgage Bank Plc has secured approval from the Central Bank of Nigeria (CBN) to transition from a primary mortgage bank to a commercial bank, marking a significant milestone in the institution’s growth strategy. The lender...

June 3 (THEWILL) — Dangote Refinery is positioning itself as a major player in the global aviation fuel market, unveiling plans to add 700,000 barrels per day (bpd) of refining capacity by 2028 as it seeks to capitalise on...

June 02, (THEWILL) — Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has reassigned the responsibilities of the institution’s four deputy governors in a strategic leadership reshuffle aimed at aligning the bank’s expertise with its evolving priorities. Under...

June 02, (THEWILL) — Transportation costs remained elevated across Nigeria in April 2026, with the average fare paid by commuters for intercity bus travel rising to ₦9,607.41, reflecting the continued impact of inflationary pressures, high fuel costs, and rising...

June 02, (THEWILL) — The Nigerian equities market closed lower on Tuesday, extending its bearish run as sustained sell pressure across key counters dragged market performance indicators into negative territory. Market capitalisation declined by ₦478 billion to close at ₦158.219...

June 02, (THEWILL) — The Central Bank of Nigeria (CBN) is set to face renewed liquidity management challenges in June 2026 as an estimated N10.90 trillion is expected to flow into the financial system, driven largely by the maturity...

June 02, (THEWILL) — Prices of key food staples fell significantly in April 2026, offering consumers some relief from persistent cost-of-living pressures as food inflation continued to moderate across Nigeria. Data from the National Bureau of Statistics (NBS) showed that...

June 02, (THEWILL) — Zedcrest has expanded its footprint in Africa’s financial services industry with the launch of a dedicated investment banking business, positioning itself to tap growing demand for capital raising, infrastructure financing, mergers and acquisitions, and strategic...

June 02, (THEWILL) — The Supreme Court has cleared the final legal hurdle to the merger between Unity Bank Plc and Providus Bank Limited, paving the way for the creation of a new banking institution with a nationwide footprint...