Business

Dangote Foundation, Islamic Development Bank Explore Strategic Partnership On Health, Education, Poverty Reduction

May 13, (THEWILL) — The Aliko Dangote Foundation (ADF) has moved to strengthen international development cooperation following high-level discussions with the Islamic Development Bank (IsDB) to advance partnerships in health, education, and social development across member countries. The engagement took...

IMF Warns Unrealistic Budgets are Deepening Fiscal Deficits Across Sub-Saharan Africa

May 13, (THEWILL) — Sub-Saharan African countries are continuing to struggle with widening gaps between approved national budgets and actual fiscal outcomes, raising fresh concerns over fiscal discipline, debt sustainability, and long-term economic growth across the region. This was revealed...

Coronation Asset Management Unveils Equity Fund to Help Investors Tap Nigerian Stock Market Growth

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Coronation Asset Management has launched the Coronation Equity Fund, an open-ended collective investment scheme aimed at helping investors benefit from the long-term growth opportunities in Nigeria’s equities market. The launch comes at a significant time for the Nigerian capital market....

UBA Reaffirms Commitment to Africa’s Economic Growth at Africa Forward Summit 2026

May 13 (THEWILL) - United Bank for Africa (UBA) Plc has reaffirmed its commitment to driving Africa’s economic transformation through entrepreneurship, innovation, trade facilitation, and strategic partnerships at the Africa Forward Summit 2026 held in Nairobi, Kenya. The summit,...

Nigeria’s Daily Petrol Consumption Jumps to 51.1 Million Litres in April

May 13 (THEWILL) - Nigeria’s average daily petrol consumption rose sharply to 51.1 million litres in April 2026, up from 47.3 million litres recorded in March, according to the latest industry data released by the Nigerian Midstream and...

FG to Raise N600bn Through May 2026 Bond Auction as DMO Targets Investors

May 13 (THEWILL) - The Debt Management Office (DMO), acting on behalf of the Federal Government, has announced plans to raise N600 billion through a fresh Federal Government of Nigeria (FGN) bond auction scheduled for May 2026. According to...

Tinubu Hails France-Nigeria Business Council Meeting, Says Economic Partnership Has Moved Into ‘Execution Phase’

May 13 (THEWILL) - President Bola Tinubu has welcomed the outcomes of the 10th France-Nigeria Business Council Meeting held on the sidelines of the Africa Forward Summit in Nairobi, Kenya. He declared that economic relations between both countries have now...

NGX Extends Rally As Market Capitalisation Rises To ₦161.77trn On Buying Interest

May 12, (THEWILL) — The Nigerian equities market sustained its upward momentum on Tuesday, as continued buying interest across several stocks pushed key performance indicators higher. At the close of trading, the market capitalisation increased from ₦160.256 trillion at the...

Fidelity Bank Reports ₦242.4bn Profit As Gross Earnings Hit ₦1.52tn In FY 2025

May 12, (THEWILL) — Fidelity Bank Plc has posted a strong financial performance for the 2025 financial year, with gross earnings rising by 45.6 percent to ₦1.52 trillion, driven by growth in interest income, fees and commissions, and stronger...

First Bank Director Buys N177.9m First HoldCo Shares Amid Strong Market Rally

May 12, (THEWILL) — First HoldCo Plc has disclosed that Anil Dua, a non-executive director on the board of First Bank of Nigeria, acquired shares in the financial services group valued at N177.9 million, amid renewed investor interest in...