Business

NGX Rallies as Market Capitalisation Climbs to N126.437trn

March 08, (THEWILL) — Trading activities on the Nigerian Exchange (NGX) closed last week on a positive note, with key market indicators posting gains despite mixed investor sentiment across sectors. The NGX All-Share Index (ASI) and Market Capitalization appreciated by...

FCMB Group Signals Possible Delay in Publishing 2025 Audited Results

March 08, (THEWILL) — FCMB Group Plc has disclosed that it may experience delays in publishing its Audited Financial Statements on the Nigerian Exchange ahead of the March 31, 2026 deadline. In a notice filed on the Exchange, the group...

DLM SPV PLC Lists N9.00bn Medium-Term Notes on FMDQ Exchange

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March 08, (THEWILL) — FMDQ Securities Exchange Limited has approved the listing of DLM SPV PLC's N7.30 billion Series 1 (Tranche A) and N1.70 billion Series 3 (Tranche B) Plain Vanilla Returns Sovereign Bond-Backed Composite Notes under its N30.00...

The N1.8 Trillion ‘Growth Strike’: Why Nigeria’s Industrial Giants Favour T-Bills

March 08, (THEWILL) — Nigeria’s biggest companies have rarely looked stronger. Their earnings are swelling, their margins are widening and their balance sheets are flush with cash. Yet across industrial corridors from Obajana to Ewekoro, expansion is cautious, capital...

Banking Sector Recapitalisation on Course — Cardoso

March 07, (THEWILL) — The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has said the ongoing banking sector recapitalisation programme is progressing according to schedule, with compliance activities accelerating as the March 31, 2026, deadline approaches. Cardoso...

Market Inches Higher Amid Mixed Investor Activity

March 06, (THEWILL) — ​ The Nigerian equities market closed the week with modest gains, as selective buying in key counters offset profit-taking in several mid-cap and blue-chip stocks. The trading session on Friday opened with the Market Capitalisation at...

Union Dicon Salt Seeks Turnaround as NGX Delisting Risk Looms

March 06, (THEWILL) — Union Dicon Salt Plc has said it is taking steps to revive its operations and meet regulatory requirements as it works to avoid being delisted from the Nigerian Exchange Limited (NGX) after years of inactivity. In...

Pension Fund Assets Rise to ₦28tn, Contributors Exceed 11 Million

March 06, (THEWILL) — Nigeria’s pension industry has recorded a significant milestone, with total pension fund assets rising to ₦28.04 trillion while the number of contributors under the Retirement Savings Account (RSA) system has exceeded 11 million, according to...

NGX Records Mild Gain As Market Cap Adds ₦220bn Despite Negative Breadth

March 05, (THEWILL) — The Nigerian equities market closed on a mildly positive note on Thursday, as the benchmark indicators posted modest gains, although market breadth signalled underlying weakness. Market capitalisation opened the session at ₦126.097 trillion and closed higher...

Revised VAT Sharing Formula Boosts States’ Revenue To ₦551bn In January

March 05, (THEWILL) — In January 2026, Nigerian states recorded a significant increase in their share of Value Added Tax (VAT) revenue, receiving a total of about ₦551 billion. This sharp rise followed the implementation of new tax laws...