Business

Equities Market Slides as Sell-Off Wipes ₦726bn from Market Capitalisation

March 10, (THEWILL) — The Nigerian equities market closed Tuesday’s trading session on a negative note as sustained profit-taking across several counters pushed key performance indicators lower. At the close of trading, market capitalisation declined from ₦126.583 trillion at the...

Nigeria’s Largest Brewer Tries Local Barley To Reduce $150m Import Bill

March 10, (THEWILL) — Nigeria’s biggest brewing company, Nigerian Breweries, has begun testing the cultivation of locally grown barley as part of a strategy to reduce the country’s heavy reliance on imported brewing inputs. The company showcased the results of...

MTN Nigeria Stock Gets Higher Target Price From CardinalStone

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March 10, (THEWILL) — Analysts at CardinalStone Securities Limited have reaffirmed a “Buy” rating on shares of MTN Nigeria Communications Plc, citing an improving earnings outlook and sustained demand for telecom services. According to the investment firm, MTN Nigeria’s 12-month...

FCMB Attains CBN ₦500bn Capital Requirement For International Authorisation

March 10, (THEWILL) — FCMB Group Plc has successfully attained the ₦500 billion capital raise for international licensing ahead of the Central Bank of Nigeria’s (CBN) March 31 recapitalisation deadline. This was disclosed in a statement dated March 8, 2026,...

Ondo Police Smash Kidnap Syndicate, Arrest Kingpin Abdullahi Lawal

March 10, (THEWILL) - Operatives of the Ondo State Police Command have arrested a suspected notorious kidnap gang leader, Abdullahi Lawal, who had allegedly been terrorising communities in the Akoko axis of the state. Lawal was apprehended in Ikare-Akoko, Akoko...

G7 Warns of Economic Risks as Oil Prices Climb Above $100, Weighs Market Intervention

March 09, (THEWILL) — Finance ministers of the Group of Seven (G7) have warned of mounting economic risks as global oil prices climbed above $100 per barrel, prompting emergency discussions on possible market interventions to stabilise energy supplies and...

Equities Market Edges Higher as Investors Target Select Stocks

March 09, (THEWILL) — Trading on the Nigerian equities market opened the week on a mildly positive note as investors selectively accumulated stocks across key sectors, pushing the market to a modest gain at the close of Monday’s session. At...

NNPC Revenue Drops to ₦2.57trn in January 2026

March 09, (THEWILL) — The Nigerian National Petroleum Company Limited (NNPC Ltd) recorded a sharp decline in revenue in January 2026, with earnings falling to ₦2.57 trillion from ₦4.82 trillion reported in December 2025, according to the company’s latest...

NSDC, BOI Unveil ₦10bn Fund To Accelerate Nigeria’s Sugar Projects

March 09, (THEWILL) — The National Sugar Development Council (NSDC) has partnered with the Bank of Industry (BOI) to launch a ₦10 billion Sugar Project Acceleration Fund to boost the development of new sugar projects across Nigeria. The fund is...

Worries as Crude Oil Soars Past $110 Per Barrel, Petrol Price Surges

March 09, (THEWILL) — Nigerians are to embrace a fresh spate of cost-of-living crisis as crude oil soared past $110 per barrel in the international market on Sunday, March 8, 2026, amid ongoing war in the Persian Gulf. The...