Business

August 09, (THEWILL) — On August 21, 2026, one of the longest-serving and most influential boardroom gurus in Nigeria's corporate governance world and financial services industry will step aside. He is Mr Tony Onyemaechi Elumelu. After 12 years, Elumelu will...

August 09, (THEWILL) — Two years after the Supreme Court ordered that Federation Account allocations due to Nigeria’s 774 local government councils be paid directly to them, the financial autonomy granted by the judgment has yet to be fully...

August 09, (THEWILL) — The Nigerian equities market ended the week on a marginally positive note as the NGX All-Share Index (ASI) and market capitalisation appreciated by 0.12 percent, closing at 245,573.60 points and ₦158.513 trillion respectively. The modest gain...

August 09, (THEWILL) — After surviving the rigorous recapitalisation exercise imposed by the National Insurance Commission (NAICOM), Guinea Insurance Plc has earned a new lease of life. Yet for thousands of shareholders, the company's regulatory victory has done little...

The Nigerian Exchange Limited will introduce a revised equity pricing methodology from August 17, requiring trades to meet minimum volume thresholds before they can trigger a published share-price movement. The new thresholds will vary according to a stock’s...

Glo turns 23 with Mike Adenuga still in full control.  MTN Nigeria and Airtel Africa went public in 2019.  Glo challenged the market with cheaper calls and SIMs.  Its Glo-1 cable helped expand Nigeria’s internet capacity.  August 08, (THEWILL)...

Tesla and SpaceX are putting $16.8bn into a massive chip factory in Texas. Terafab could eventually cost $119bn as construction expands in phases. Tesla plans to use its chips for Optimus robots and autonomous vehicles. SpaceX wants the...

Femi Otedola has increased his stake in First HoldCo Plc after acquiring an additional 138.04 million shares valued at about ₦18.11 billion. The latest purchase takes his holding in the financial services group from 25.8 percent to 26.1...

Nigeria accounted for the largest share of Grenada citizenship applications in Q4 2025. A Grenada passport can cost a family at least $235,000. Nigerians face limited visa-free access and high Schengen refusal rates. The EU has given five...

Nigerian equities market added ₦235 billion on Friday as the NGX All-Share Index rose 0.15 percent, extending its recovery despite mixed trading activity. Investors remained selective, with UPDC, CWG and MANSARD among the session’s biggest gainers, while Red...