Business

Dangote, BUA, Lafarge Reap N1.6trn Profit Amid Price Hikes

By April 05, (THEWILL) — The three leading cement manufacturers in Nigeria – Dangote Cement Plc, BUA Cement Plc, and Lafarge Africa Plc – achieved a total post-tax profit of N1.64 trillion in 2025 against N672.28 billion in 2024...

Coronation WIN Conference 2026 Drives Action on Women’s Leadership

April 05, (THEWILL) — Coronation Group successfully hosted the Coronation Women Initiative Network (Coronation WIN) Conference 2026, convening over 500 women from across its ecosystem and the broader financial services community in Lagos, as part of activities marking International...

Oyo Partners FCMB, Mastercard Foundation to Fund 1,000 Agripreneurs with ₦1.5bn

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April 03, (THEWILL) — The Oyo State Government, in partnership with First City Monument Bank (FCMB) and the Mastercard Foundation, has disbursed ₦1.5 billion in collateral-free loans to 1,000 young agripreneurs, in a move aimed at boosting food production...

Berger Paints Grows Profit to ₦2.4bn in 2025, Declares Final Dividend

April 03, (THEWILL) — Berger Paints Nigeria Plc has reported a ₦2.4 billion profit after tax for the 2025 financial year, reflecting a strong earnings performance driven by higher sales and improved operating efficiency. According to the company’s audited financial...

Flutterwave Secures Banking License, Expands Into Full Financial Services

April 03, (THEWILL) — Flutterwave has announced that it has received a banking license from the Central Bank of Nigeria, paving the way for the fintech giant to operate as a full-fledged financial institution. The development was disclosed on Thursday...

EBID Approves $266.7m for West Africa Projects, Nigeria Gets Lion’s Share

April 03, (THEWILL) — The ECOWAS Bank for Investment and Development (EBID) has approved $266.7 million to finance strategic projects across West Africa, with Nigeria emerging as the biggest beneficiary of the funding package. The approvals were announced in a...

NGX Closes Flat As Mixed Trading Leaves Index Marginally Lower

April 02, (THEWILL) — Nigeria’s equities market ended Thursday’s session on a largely flat note as modest losses in select counters offset gains recorded across several stocks. At the close of trading, the market capitalisation slipped slightly from ₦129.809...

Borrowing Squeeze Persists as Manufacturers Face Interest Rates of Up to 60%

April 02, (THEWILL) — Manufacturers in Nigeria continue to grapple with steep borrowing costs of up to 60 per cent, despite recent monetary policy easing by the Central Bank of Nigeria (CBN), according to new data from the...

Oil Prices Spike as Trump Signals Prolonged U.S. Offensive Against Iran

April 02, (THEWILL) — Global oil prices surged sharply on Thursday after Donald Trump indicated that the United States would continue its military offensive against Iran for another two to three weeks, heightening concerns over extended supply disruptions...

Equities Gain ₦600bn As NGX Extends Rally Despite Negative Market Breadth

April 01, (THEWILL) — Nigeria’s equities market closed higher on Wednesday, as gains in selected heavyweight stocks lifted the benchmark index, even though decliners outpaced advancers during the trading session. At the close of trading on the Nigerian Exchange, the...