Business

Inter-Agency Report Unearths Concealed Oil Wells, Massive Crude Theft, Rot in Oil Sector

- Indicts Sterling Exploration, Military, Government Officials - Says Many Operators Circumvent Metering at Flow Stations - Controversy Over RMAFC’s Decision to Delay Release of Findings April 12, (THEWILL) — A recent investigation has uncovered the extensive siphoning of Nigeria's oil and...

Nigeria Pension’s N28trn Milestone Marks ‘Super-Cycle’ Momentum in Q1

April 12, (THEWILL) — Nigeria’s pension industry has entered what analysts are increasingly describing as a “super-cycle,” marked by rapid asset growth, record-breaking returns, and a structural shift in how retirement savings are invested. As of March 31, 2026,...

NGX Posts Strong Weekly Turnover Growth as Banking, Large Caps Drive Market Activity

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April 12, (THEWILL) — The Nigerian equities market traded for four sessions this week following the Federal Government’s declaration of Monday, April 6, 2026, as a public holiday to mark the Easter celebration. Overall market performance showed improved liquidity and...

Transcorp Declares N16.2bn Final Dividend for Shareholders

April 12, (THEWILL) — Transnational Corporation Plc (Transcorp) has declared a final dividend of N1.60 per ordinary share for the 2025 financial year, payable to members listed on its register as of April 27, 2026. According to a filing with...

ASI Surges Above 203,700 Points as ₦706bn Investor Gains Lift Market

April 10, (THEWILL) — Nigeria’s equities market closed on a strong bullish note on Friday as renewed buying interest across select counters pushed the benchmark index to fresh highs. Market capitalisation opened the session at ₦130.459 trillion and closed...

Lafarge Africa Seeks Shareholder Approval to Rebrand as HBM Nigeria

April 10, (THEWILL) — Lafarge Africa Plc will ask shareholders to approve a change of its corporate name to “HBM Nigeria Plc” at its 67th Annual General Meeting scheduled for April 30, 2026, in Lagos. The proposal was disclosed in...

Champion Breweries Clears ₦15bn Commercial Paper, Signals Strong Financial Position

April 10, (THEWILL) — Champion Breweries Plc has fully redeemed its ₦15 billion inaugural Commercial Paper issuance, marking a significant milestone in its debt capital market activities and reinforcing investor confidence in the company. In a statement released on Thursday,...

Nigeria’s Poverty Climbs To 63 Percent Despite Easing Inflation — World Bank

April 10, (THEWILL) — Nigeria’s poverty rate rose to 63 percent in 2025, despite a noticeable slowdown in inflation, underscoring the limited impact of macroeconomic improvements on household welfare, according to the World Bank. The figures were published in the...

One Agent, One Terminal: OPay Gains Market Share As New CBN Policy Ends PoS Multi-Homing

April 10, (THEWILL) — Nigeria’s agent banking ecosystem is entering a new phase, following updated guidelines by the Central Bank of Nigeria (CBN), to address long-standing issues such as fraud, failed transactions, and inconsistent service delivery. Introduced on April...

IMF Flags Global Growth Downgrade As Middle East War Ripples Across Economies

April 10, (THEWILL) — The International Monetary Fund (IMF) is set to cut its global growth forecasts, citing the economic fallout from the ongoing Middle East conflict despite a fragile ceasefire. IMF Managing Director, Kristalina Georgieva, warned that the war’s...