Business

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...

January 21, (THEWILL) — The Federal Government of Nigeria has stated that the private sector remains the main engine of job creation in the country, driven by macroeconomic reforms under President Bola Tinubu’s administration aimed at restoring stability and...

January 21, (THEWILL) — A major milestone has been achieved in Nigeria’s oil and gas sector with the announcement by Seplat Energy Plc that its Assa North–Ohaji South (ANOH) gas project in Imo State has produced gas for the...

January 21, (THEWILL) — Nigeria has secured a 12 million dollar performance-based funding window from the World Bank to support states hosting internally displaced persons. This initiative is tied to verified reforms in data collection, governance, and community...

January 21, (THEWILL) — Consumer spending on beer and related beverages in Nigeria reached an estimated ₦1.54 trillion in the first nine months of 2025, underscoring robust demand for alcoholic drinks despite a challenging macroeconomic environment, financial filings...

January 21, (THEWILL) — Geregu Power Plc’s board has proposed a ₦9 per share final dividend, translating to a ₦22.5 billion payout for the 2025 financial year, even as the company contends with thinner margins and weaker cash...

January 20, (THEWILL) — Nigeria’s Infrastructure Debt Fund (NIDF) has delivered record investment returns, supported by stronger and more predictable cash flows from underlying infrastructure assets. The fund’s performance reflects improved revenue generation across key sectors such as power, transportation...

January 20, (THEWILL) — Seplat Energy Plc has commenced production at its 300 million standard cubic feet per day (MMscfd) ANOH Gas Processing Plant, marking a major boost to Nigeria’s domestic gas supply and the country’s energy transition...

January 20, (THEWILL) — Paystack has announced The Stack Group as its new parent holding company, following the acquisition of a microfinance bank (MFB) licence, marking a significant step in the fintech firm’s expansion beyond payments. The new structure...

January 20, (THEWILL) — The Central Bank of Nigeria (CBN) has reported an expansion in credit to the private sector alongside a rise in loan defaults in the fourth quarter of 2025, reflecting both improved lending activity and...