Business

March 26, (THEWILL) — Nigeria’s equities market closed slightly higher today as gains in several mid-cap stocks supported the benchmark index despite a larger number of declining equities. Market capitalisation rose marginally from ₦128.977 trillion at the opening to ₦128.997...

March 26, (THEWILL) — The Central Bank of Nigeria (CBN) trimmed stop rates on longer-dated Treasury bills at its March 25 auction, even as investors flooded the market with ₦2.7 trillion in bids, underscoring strong appetite amid excess liquidity. Stop...

March 26, (THEWILL) — Nigeria’s banking system liquidity remained above ₦8 trillion despite a ₦2.36 trillion mop-up by the Central Bank of Nigeria (CBN), highlighting persistent excess funds in the financial system. Mid-week data following the CBN’s OMO auction on...

March 26, (THEWILL) — Foreign direct investment (FDI) accounted for less than 4 percent of total capital imported into Nigeria in 2025, underscoring the country’s continued dependence on short-term foreign funds despite a surge in overall inflows. According to the...

March 25, (THEWILL) — Nigeria’s financial system received a boost of confidence on Wednesday as the Central Bank of Nigeria (CBN) reassured the public of the continued stability of Union Bank of Nigeria Plc following a recent court ruling,...

March 25, (THEWILL) — Nigeria recorded a strong surge in foreign capital inflows in the fourth quarter of 2025, with total capital importation rising to $6.44 billion, reflecting renewed investor confidence in the country’s economy. The latest Capital Importation report...

March 25, (THEWILL) — The Central Bank of Nigeria (CBN) has reassured Nigerians that there is no cause for alarm over the ongoing bank recapitalisation exercise, affirming that depositors’ funds remain fully protected as the March 31 deadline for...

March 25, (THEWILL) — Nigeria’s equities market ended today’s session on a relatively stable note, as gains in select stocks offset losses, leaving key indicators marginally higher. The market capitalisation edged up from ₦128.836 trillion to ₦128.977 trillion, while the...

March 25, (THEWILL) — The average retail price of Premium Motor Spirit (PMS), popularly known as petrol, declined significantly to ₦1,051.47 in February 2026, representing a 15.60 percent decrease from ₦1,245.80 recorded in February 2025, offering relief to consumers...

March 25, (THEWILL) — A Federal High Court sitting in Lagos has ruled that the Central Bank of Nigeria (CBN) acted beyond its statutory powers in dissolving the board and management of Union Bank of Nigeria, declaring the action...