Business

Rising Feed Costs Push Poultry Farmers Toward Homemade Alternatives

April 10, (THEWILL) — Nigerian poultry farmers are increasingly abandoning commercial feed suppliers in favour of homemade blends as they grapple with soaring production costs, a shift that is helping many stay afloat in a challenging operating environment. Although prices...

NGX Extends Rally as ASI Crosses 203,000 Points Amid Mixed Market Breadth

April 09, (THEWILL) — The Nigerian equities market closed higher today, Thursday’s trading session as gains in select mid-cap and insurance stocks lifted the benchmark index further above the 203,000-point mark. Market capitalisation advanced from ₦130.404 trillion at the opening...

Unilever’s Global Foods Merger Plan with McCormick Raises Questions for Nigerian Unit

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April 09, (THEWILL) — Unilever Nigeria Plc has announced that its parent company, Unilever Plc, plans to combine its global foods business with McCormick & Company, Inc., in a move that signals a major strategic shift in its international...

Manufacturing Sector Boosts Nigeria’s Tax Revenue With ₦881bn CIT Contribution In 2025

April 09, (THEWILL) — Nigeria’s manufacturing sector contributed ₦881.29 billion in Company Income Tax (CIT) in 2025, underscoring its growing role in supporting government revenue and industrial expansion. According to the latest figures from the National Bureau of Statistics (NBS),...

Hormuz: Iran Warns Of Sea Mines, Recommends Safer Route After U.S. Truce

April 09, (THEWILL) — Iran has issued a maritime advisory warning of potential sea mines in the Strait of Hormuz and recommended a safer northern route for vessels, following a recent ceasefire agreement with the United States. The guidance, issued...

Polaris Bank Not Under Liquidation — CBN

April 09, (THEWILL) — The Central Bank of Nigeria (CBN) has confirmed that Polaris Bank is not under liquidation, reassuring Nigerians that the banking system remains stable, secure, and resilient. In a statement shared via its official X account, the...

Fidelity Bank Strengthens Gender Inclusion With Amaka Onwughalu As Board Chairman

April 09, (THEWILL) — Fidelity Bank Plc has reinforced its commitment to gender inclusion and strong corporate governance with the appointment of Mrs Amaka Onwughalu as Chairman of its Board of Directors, effective January 1, 2026. Her emergence comes at...

NGX Moves To Delist DN Tyre, Greif Nigeria Over Compliance Breaches, Liquidation

April 09, (THEWILL) — The Nigerian Exchange (NGX) is set to delist DN Tyre and Rubber Plc and Greif Nigeria Plc from its Daily Official List, marking the end of prolonged regulatory efforts to restore the companies to compliance. NGX...

Zenith Bank Posts Modest Profit Growth, Eyes Double Dividend Payout

April 08, (THEWILL) — Zenith Bank recorded a marginal increase in earnings for the 2025 financial year, as slower growth in interest income and a sharp reversal in trading gains weighed on overall performance. The lender’s gross earnings rose...

NGX Sees Strong Rallies in Key Counters Amid Broad Market Sell-Offs

April 08, (THEWILL) — The Nigerian Exchange (NGX) recorded a strong positive session on Wednesday. The market capitalisation opened at N130.014 trillion and closed at N130.404 trillion, while the All-Share Index (ASI) advanced from 202,023.10 to 202,585.54. The session saw 24...