Business

January 23, (THEWILL) — The African Export-Import Bank (Afreximbank) has terminated its credit rating relationship with Fitch Ratings, signalling a strategic shift in how the pan-African lender evaluates and communicates its creditworthiness to investors. Fitch Ratings, one of the world’s...

January 23, (THEWILL) — The United States dollar softened against major global currencies on Monday as investors adopted a cautious stance ahead of the U.S. Federal Reserve’s next policy meeting, while Nigeria’s naira continued to experience volatility across currency...

January 23, (THEWILL) — The World Bank has approved $50 million in fresh financing to expand solar-powered agricultural infrastructure across Nigeria and five other African countries, strengthening the link between clean energy access and food production in rural communities. The...

January 22, (THEWILL) — Thursday’s market session closed lower after a mixed trading day that saw selling pressure marginally outweigh gains across the bourse. The market opened at ₦106.442 and closed at ₦105.885, while the All-Share Index (ASI) declined...

January 22, (THEWILL) — Banking sector fraud in Nigeria recorded a significant decline in 2025, according to industry data presented at the 2026 Nigeria Electronic Fraud Forum (NeFF) Technical Kick-Off Session in Lagos. Figures from the Nigeria Inter-Bank Settlement System...

January 22, (THEWILL) — The International Monetary Fund (IMF) has said Nigeria’s ongoing macroeconomic stabilisation efforts are contributing to an improved growth outlook for Sub-Saharan Africa, underscoring the country’s importance to the region’s economic performance. In its latest regional...

January 22, (THEWILL) — The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has said that the apex bank’s tight monetary policy stance has helped reduce Nigeria’s inflation rate by about 10 percentage points, underscoring the...

January 22, (THEWILL) — The Central Bank of Nigeria (CBN) has directed deposit money banks to strengthen and accelerate their response to emerging fraud risks, warning that delays in detection and reporting could undermine confidence in the financial...

January 21, (THEWILL) — The Nigerian equities market closed slightly higher on Wednesday, supported by broad-based buying interest across select stocks. Market capitalisation opened at ₦106.436, and edged up to ₦106.442, while the All-Share Index (ASI) inched higher from...

January 21, (THEWILL) — Summit Bank Limited has announced that it has fully met the new minimum capital requirement set by the Central Bank of Nigeria (CBN), well ahead of the March 2026 deadline. In a press statement, the bank...