Business

January 02, (THEWILL) — Nigeria’s banking sector has recorded a notable rise in non-performing loans (NPLs, with the industry-wide ratio climbing to about 7 percent in 2025, above the 5 percent prudential limit, following the Central Bank of Nigeria’s...

January 02, (THEWILL) — Bank lending to Nigeria’s manufacturing sector has declined by N2.17 trillion, raising fresh concerns about the health of the country’s industrial base and the broader economy. The drop highlights growing challenges faced by manufacturers, including...

January 02, (THEWILL) — The Federal Government of Nigeria (FGN) has said it will focus on key policies and priorities to accelerate economic growth, create jobs and mobilise investments to build a prosperous Nigerian economy in 2026. This is contained...

January 02, (THEWILL) — Proposed tax reforms have triggered growing tension between government authorities, shipping companies, and businesses, as major shipping lines signal plans to raise freight charges in response to higher operating costs. Industry players argue that the new...

January 01, (THEWILL) — The Nigerian National Petroleum Company Limited (NNPC Ltd) has unveiled plans to develop new oil fields as part of a broader strategy to attract $30 billion in upstream investment by 2030. The initiative is aimed...

January 01, (THEWILL) — Former Vice President of the World Bank, Dr Obiageli ‘Oby’ Ezekwesili, has condemned the alleged gazetting of the wrong version of the tax reform act, saying it constitutes a grave threat to constitutional governance. In...

January 01, (THEWILL) — The naira ended 2025 at ₦1,429 to the United States dollar, marking its first full-year appreciation in 13 years and signalling a notable shift in Nigeria’s foreign exchange market. Data from the official market show that...

January 01, (THEWILL) — The Nigerian National Petroleum Company Limited (NNPCL) said that its monthly revenue declined by 14.17 percent in November 2025 to N4.358 trillion, down from N5.078 trillion recorded in October. In its monthly report released on...

January 01, (THEWILL) — The Budget Office of the Federation has reaffirmed the integrity of Nigeria’s newly enacted Tax Reform Acts, cautioning against what it described as governance by speculation and unverified claims following allegations of post-passage alterations. In...

January 01, (THEWILL) — Sterling Financial Holdings Company (SFHC) Plc disclosed that Seven Degrees North Limited, a private investment firm linked to CEO Yemi Odubiyi, acquired shares worth N578.1 million. According to the disclosure filed on the Nigerian Exchange,...