Business

April 16, (THEWILL) — African Export-Import Bank (Afreximbank) posted a profit of US$1.15 billion (about ₦1.5 trillion) for 2025, up from US$973.5 million (₦1.3 trillion) recorded in 2024, reflecting stronger earnings and continued balance sheet expansion. The improved performance was...

April 16, (THEWILL) — Nigerian crude grades rebounded in Asian trading on Thursday, recovering from earlier losses and trading at a notable premium over global benchmark Brent, supported by stronger-than-expected economic data from China. Brass River, a key Nigerian...

April 16, (THEWILL) — The naira continued its upward momentum on Wednesday, closing at N1,341.99/$ at the official market its strongest level since February 18, 2026, when it traded at N1,340/$. Data from the Central Bank of Nigeria (CBN) shows...

April 15, (THEWILL) — Trading on the Nigerian Exchange Limited closed on a strong bullish note on Wednesday, as renewed buying interest in heavyweight stocks pushed the market to fresh highs. The session opened with the market capitalisation at...

April 15, (THEWILL) — Nigeria’s electricity distribution companies (DisCos) recorded a billing efficiency of 82.03 percent in the fourth quarter of 2025, even as the sector incurred a revenue shortfall of N174.12 billion, according to the latest report...

April 15, (THEWILL) — The International Monetary Fund has trimmed Nigeria’s growth outlook, projecting the economy will expand by 4.1 percent in 2026 and edge up to 4.3 percent in 2027, amid mounting global uncertainties. The forecasts, contained in...

April 15, (THEWILL) — Nigeria’s total public debt rose to N159.28 trillion as of December 31, 2025, according to the Debt Management Office (DMO), highlighting continued reliance on domestic financing to fund fiscal gaps. The latest figures show a...

April 14, (THEWILL) — The Nigerian equities market closed Tuesday’s session on a strong bullish note, as sustained demand across key mid- and large-cap stocks pushed market indicators further into positive territory. Market capitalisation rose from ₦131.608 trillion to...

April 14, (THEWILL) — Transnational Incorporated Plc has reported a pretax profit of ₦1.21 trillion for the year ended December 31, 2025, marking a 23.6 percent increase from ₦986.6 billion recorded in 2024. The audited results, released on the Nigerian...

April 14, (THEWILL) — Nigeria’s insurance industry recorded a strong 47.3 percent year-on-year growth in Gross Premium Written (GPW), rising to ₦2.301 trillion in 2025 from ₦1.558 trillion in 2024, according to the National Insurance Commission (NAICOM). In its latest...