Business

CBN, NCC Set New Rules on Refund for Failed Airtime, Data Transactions

February 09, (THEWILL) — Nigeria has introduced new rules that require failed airtime and data purchases to be reversed or refunded within 30 seconds. This is in the course of tightening consumer protection in its telecoms and digital payments...

Equities Market Closes Higher on Broad-Based Buying

February 09, (THEWILL) — The Nigerian equities market sustained its bullish momentum, closing the session firmly in positive territory as renewed investor appetite lifted key market indicators. The market session this week opened at N110.234 and closed at N111.658. The All-Share...

Tinubu Launches Renewed Hope 2026-2030 National Development Plan, Declares NEC Conference Open

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February 09, (THEWILL) — President Bola Tinubu, on Monday, declared open the Second Edition of the National Economic Council (NEC) Conference, unveiling key pillars of the Renewed Hope National Development Plan (2026-2030) aimed at accelerating inclusive growth, social investment...

NCDMB Tightens Oil Contract Rules To Weed Out Unqualified Firms

February 09, (THEWILL) — The Nigerian Content Development and Monitoring Board (NCDMB) has introduced new guidelines to eliminate unqualified and proxy firms from participating in oil and gas contracts, reinforcing compliance with the Nigerian Oil and Gas Industry Content...

NCC Pledges Deeper Regional Collaboration On Digital Economy

February 09, (THEWILL) — The Nigerian Communications Commission (NCC) has reaffirmed its commitment to deepening collaboration and advancing digital integration among telecommunications regulators across the West African sub-region. The Executive Vice Chairman (EVC) of the NCC, Dr Aminu Maida, restated...

2026 Outlook: Mounting Debt, High Governance Costs Undermine Ambitious N37trn States’ Budget

February 09, (THEWILL) — Nigeria’s 36 states are heading into 2026 with their most ambitious spending plans on record, budgeting a combined N37.01 trillion, a sharp increase from N25.03 trillion in 2025. On the surface, the numbers signal a...

Nestlé Nigeria Recognised for Supply Chain Security and Compliance Excellence

February 09, (THEWILL) — Nestlé Nigeria Plc has been awarded the highest level of Authorised Economic Operator (AEO) certification by the Nigeria Customs Service (NCS). The company achieved Security and Safety status under the NCS AEO programme, a certification...

NCC, NDPC Sign MoU to Advance Data Protection in Nigeria’s Telecom Sector

February 09, (THEWILL) — In response to the rapidly growing pace of digitization, the Nigerian Communications Commission and the Nigerian Data Protection Commission (NDPC), have signed a Memorandum of Understanding (MoU) to strengthen the enforcement of data privacy and...

CBN Approves BoI’s Non-Interest Banking Window

February 09, (THEWILL) — The Bank of Industry (BoI) has secured approval from the Central Bank of Nigeria (CBN) to operate a non-interest banking window, marking a significant step in expanding alternative financing options for businesses. The approval allows BoI...

Manufacturers Sit On ₦1.8trn Unsold Goods As Demand Weakens

February 09, (THEWILL) — Nigeria’s manufacturing sector is facing a growing inventory overhang, with manufacturers holding an estimated ₦1.8 trillion worth of unsold goods as weak consumer demand continues to weigh on sales. Industry players say persistently high inflation has...