Business

Defying 32 Months of Turbulence: Naira Rebounds, Eyes N1200-$1 By End of Q1

February 15, (THEWILL) — Nigerians are witnessing a strong performance of the naira, 32 months after it was devalued on June 14, 2023, by the President Bola Tinubu administration. The devaluation, which resulted from the unification of the multiple...

Cornerstone’s Profit Sinks 67% as FX Boom Ends

February 15, (THEWILL) — Cornerstone Insurance Plc experienced a substantial decline in post-tax profits amounting to N17.57 billion based on the company’s unaudited financial results for the year ended December 31, 2025. Having reported an after-tax profit of N8.32...

‘AfriGO Cards Now Available for Request on PalmPay App’

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February 15, (THEWILL) — AfriGO cards are now available on PalmPay, enabling Nigerians to request the national domestic card directly through the PalmPay mobile app.   According to the company, this integration expands access to AfriGO by making the card request...

Equities Market Extends Gains As Investors Maintain Positive Stance

February 13, (THEWILL) — The Nigerian equities market closed Friday’s session on a strong note, driven by robust buying in key counters and a broad-based bullish sentiment. The market opened with a Capitalisation of N114.660 trillion and closed at...

FG’s 2025 Humanitarian Budget Under Scrutiny Over 15m Households Target

February 13, (THEWILL) — The Federal Government’s proposed ₦260 billion allocation for humanitarian interventions in the 2025 fiscal year may be insufficient to meet its ambitious target of supporting 15 million vulnerable households across the country. Analysts and development experts...

Africa’s $205bn Crypto Market Moves Beyond Trading Toward Everyday Payments

February 13, (THEWILL) — After processing an estimated $205 billion in crypto transactions, Africa’s digital asset market is beginning to look very different from the speculative arena it once was. For years, cryptocurrencies gained traction across countries such as Nigeria,...

Nigeria’s NNPC Sustains Profit Streak with $4.2 Billion 2025 Earnings

February 13, (THEWILL) — Nigeria’s state-owned oil company, the Nigerian National Petroleum Company Ltd (NNPC Ltd), reported a profit after tax of 5.76 trillion naira ($4.26 billion) for the full year 2025, underlining strong financial performance amid ongoing volatility...

Equities Market Edges Higher As Momentum Moderates

February 12, (THEWILL) — The Nigerian equities market closed Thursday’s session on a positive note, extending its upward trajectory albeit at a more measured pace as investors balanced fresh buying interest with pockets of profit-taking. The market today, Thursday opened...

Project Pipeline, Deal Rooms Drive Nigeria’s $21bn Capital Inflows

February 12, (THEWILL) — Nigeria recorded $21 billion in capital inflows in the first ten months of 2025, up 75 percent from $12 billion in the same period of 2024 and more than five times the under $4 billion...

President Tinubu Hails BoI Over ₦636bn Disbursed To Businesses In 2025

February 12, (THEWILL) — President Bola Ahmed Tinubu has commended the Bank of Industry (BoI) for achieving ₦636 billion in loan disbursement to businesses in 2025, the highest annual financing volume in the institution’s history. In a statement...