Business

February 17, (THEWILL) — eTranzact International Plc has expressed strong support for the phased rollout of the National Revenue Service (NRS) electronic invoicing initiative, describing the move as a critical step toward improving tax administration, transparency, and digital...

February 17, (THEWILL) — The Nigerian equities market closed Tuesday’s trading session on a mildly negative note as profit-taking activities in bellwether stocks weighed on overall performance despite relatively balanced market breadth. The market capitalisation declined from ₦122.129 trillion at...

February 17, (THEWILL) — Foreign oil firms that have secured new petroleum licences in Nigeria have been given a 90-day deadline to establish local operating units, in a move aimed at strengthening regulatory oversight and boosting in-country value creation. The...

February 17, (THEWILL) — The Nigeria Revenue Service (NRS) has begun a phased rollout of an electronic invoicing and fiscal monitoring system to strengthen tax compliance and boost revenue. The reform comes as Nigeria’s tax-to-GDP ratio remains below 10 percent...

February 17, (THEWILL) — The Nigeria Customs Service has moved to clear up confusion over who determines the foreign exchange rates used in valuing imported and exported goods at Nigerian ports, emphasising that it does not set or...

February 17, (THEWILL) — Dangote Group has signed a $400 million machinery supply agreement with XCMG Construction Machinery Co., Ltd. as it intensifies efforts to fast-track the expansion of the Dangote Petroleum Refinery & Petrochemicals. The deal will provide...

February 16, (THEWILL) — Nigeria has taken a decisive step toward expanding its footprint in global trade as BUA Group sealed a strategic logistics and industrial partnership with UAE-based AD Ports Group and MAIR Group. The strategic Memorandum of Understanding...

February 16, (THEWILL) — The Nigerian equities market opened the week on a strongly bullish note, recording a sharp rally across key performance indicators as renewed investor demand pushed prices higher across major sectors. The market capitalisation advanced from ₦117.027...

February 16, (THEWILL) — Foreign Direct Investment (FDI) inflows into the telecom sector rebounded sharply to $208.51 million in the third quarter of 2025, signaling renewed investor confidence in the industry after a period of subdued activity. According to official...

February 16, (THEWILL) — Nigeria’s headline inflation rate declined by 12.51 percentage points year-on-year to 15.1 percent in January 2026, underscoring a sustained moderation in price pressures across the economy, according to the latest Consumer Price Index (CPI) report...