Business

February 16, (THEWILL) — As Nigeria’s banking industry enters the final stretch of the Central Bank of Nigeria’s (CBN) recapitalisation programme, the scale of capital already raised underscores one of the most ambitious balance sheet overhauls in the sector’s...

February 16, (THEWILL) — By early 2026, Nigeria’s manufacturing sector is undergoing a quiet but profound structural shift. After suffering unprecedented foreign exchange (FX)-induced losses in 2024, major manufacturers are re-engineering their operations around locally sourced raw materials in...

Governors of central banks from 12 West African countries, including the Governor of the Central Bank of Nigeria (CBN), are meeting in Monrovia, Liberia, to advance technical and institutional preparations for the launch of the long-awaited Eco regional currency...

February 16, (THEWILL) — Nigeria recorded a great improvement in capital inflows in the third quarter of 2025, with total capital importation rising to US$6.01 billion, the National Bureau of Statistics (NBS) reported on Monday, February 16. The NBS...

February 16, (THEWILL) — The Nigeria Revenue Service (NRS) has clarified that the Nigeria Tax Act 2025 does not impose a 25 per cent tax on building materials, construction funds, or related transactions, dismissing circulating claims as false...

February 16, (THEWILL) — For the first time in over a decade, Nigeria’s food inflation is on the brink of returning to single digits. A milestone last achieved in May 2015. Fresh projections reported by BusinessDay show that food...

February 16, (THEWILL) — Nigeria’s daily petrol import volume slumped by 42.2 percent in January 2026, falling to 24.8 million liters per day from 42.8 million liters per day recorded in December 2025, according to the latest Nigerian...

February 15, (THEWILL) — Africa’s Global Bank, United Bank for Africa (UBA) Plc, has unveiled a diaspora banking and investment platform designed to serve Africans living and working across the world and within the continent. The platform, launched in collaboration...

February 15, (THEWILL) — Nigerians are witnessing a strong performance of the naira, 32 months after it was devalued on June 14, 2023, by the President Bola Tinubu administration. The devaluation, which resulted from the unification of the multiple...

February 15, (THEWILL) — Cornerstone Insurance Plc experienced a substantial decline in post-tax profits amounting to N17.57 billion based on the company’s unaudited financial results for the year ended December 31, 2025. Having reported an after-tax profit of N8.32...