Business

December 31, (THEWILL) — Heirs Energies Limited, a leading indigenous integrated energy company, has acquired the entire 20.07% equity stake in Seplat Energy Plc previously held by Maurel & Prom S.A. The transaction, valued at approximately US$500 million, covers 120.4...

December 31, (THEWILL) — Nigeria is set to begin a new chapter in public revenue administration as the Federal Inland Revenue Service (FIRS) formally gives way to the Nigeria Revenue Service (NRS) in 2026, marking a major institutional...

December 31, (THEWILL) — President Bola Tinubu will proceed with the implementation of a comprehensive tax overhaul from January 1,2036, reaffirming his administration’s commitment to fiscal reform despite concerns over the short-term impact on businesses and households. The overhaul...

December 31, (THEWILL) — The National Insurance Commission (NAICOM) has ruled out any extension of the ongoing insurance recapitalisation deadline, reinforcing regulatory discipline and sending a clear signal to the capital market on the need for timely compliance. The...

December 30, (THEWILL) — Nigeria’s domestic economic activity gained strong momentum in December 2025, with the Composite Purchasing Managers’ Index (PMI) climbing to 57.6 points. The reading, released by the Central Bank of Nigeria (CBN) on Tuesday, December 30, 2025,...

December 30, (THEWILL) — The Nigerian equities market closed higher on Tuesday, extending its bullish run as broad-based buying interest lifted key market indicators. Market capitalisation advanced to ₦98.843 trillion, up from an opening level of ₦98.432 trillion, reflecting a...

December 30, (THEWILL) — Billionaire investor and chairman of Geregu Power Plc, Femi Otedola, has divested a 77 percent equity stake in the power generation company, significantly reducing his ownership in one of Nigeria’s largest publicly listed power assets. Details...

December 30, (THEWILL) — Former Zamfara State governor, Senator Abdulaziz Yari, has been appointed as chairman of Geregu Power Plc, following a major ownership restructuring that led to the exit of billionaire investor, Femi Otedola, from the power...

December 30, (THEWILL) — Foreign Direct Investment (FDI) inflows into Nigeria rose sharply to $720 million in the third quarter of 2025, marking the highest quarterly inflow recorded so far this year, according to data from the Central...

December 30, (THEWILL) — The Nigerian National Petroleum Company Limited (NNPC) has opened discussions to divest minority stakes in select oil and gas assets as part of efforts to optimise its portfolio and attract fresh investment, according to...