Business

Dash Microfinance Bank Unveils Mobile App to Deepen Digital Banking Access

April 20, (THEWILL) — Dash Microfinance Bank Limited has launched a new digital banking platform, the Dash App, as part of its strategy to broaden financial inclusion and simplify everyday transactions for Nigerians. The rollout underscores the bank’s push to...

Lagos Tops as Subnational Debt Climbs to N4.36tn in 2025

April 20, (THEWILL) — Nigeria’s subnational debt burden rose significantly in 2025, with the combined liabilities of the 36 states and the Federal Capital Territory (FCT) reaching N4.36 trillion, underscoring mounting fiscal pressures at the state level. Latest data released...

Dangote Sugar Targets ₦500bn Rights Issue To Boost Capital And Expansion Plans

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April 20, (THEWILL) — Dangote Sugar Refinery Plc has unveiled plans to raise ₦500 billion through a Rights Issue, pending regulatory approvals, as part of efforts to strengthen its capital base and support future growth initiatives. The proposal was disclosed...

Tinubu Clears $75m Government Investment In Flutterwave As IPO Plans Advance

April 20, (THEWILL) — President Bola Tinubu has approved a $75 million investment in fintech company, Flutterwave, signalling increased government backing as the firm moves closer to a planned Initial Public Offering (IPO). The announcement was made on Monday by...

Strait Of Hormuz Reclosure Sparks Oil Price Surge, Brent Crude Jumps Over 6% To $96.49

April 20, (THEWILL) — Global oil prices surged sharply on Monday after renewed hostilities between the United States and Iran triggered the reclosure of the Strait of Hormuz, sending fresh shockwaves through energy markets and raising concerns over global...

Stanbic IBTC Posts ₦551.7bn FY2025 Profit, Boosts Dividend As Deposits Climb To ₦4.3trn

April 20, (THEWILL) — Stanbic IBTC Holdings Plc has reported a strong financial performance for the 2025 financial year, with profit before tax rising sharply to ₦551.7 billion from ₦303.7 billion recorded in 2024. The growth was largely driven by...

GTCO Holdings’ Revenue Haul Highlights Post-Recapitalization Strategic Expansion

April 20, (THEWILL) — GTCO Holdings Plc recorded a robust revenue performance in 2025, clearly indicating its strength during a year characterised by stricter regulatory reforms and competitive recapitalisation efforts, as the Group prepares for the next stage of...

CPPE Urges Lower Import Duties, VAT Waivers To Boost Clean Energy Access

April 20, (THEWILL) — The Centre for the Promotion of Private Enterprise (CPPE) has called on the Federal Government to cut import duties on renewable energy equipment to 5 percent and grant a full Value Added Tax (VAT) waiver...

FG Pivots To Consumption Taxes, Cuts Import Duties To Ease Costs

April 20, (THEWILL) — Nigeria is overhauling its revenue model, shifting away from heavy dependence on import and export duties toward a consumption-driven tax system. Under the 2026 Fiscal Policy Measures and Tariff Amendments, the Federal Government has reduced...

Zenith Bank Foreign Subsidiary Profits Climb 24.67% to N116.43bn in 2025

- Group Surpasses N30trn Assets Mark April 19, (THEWILL) — Zenith Bank Plc's offshore subsidiaries reported a combined post-tax profit of N116.43 billion in 2025, representing an increase of N23 billion, compared to the N93.39 billion achieved in the previous...