Business

Equities Market Rises By 0.49% As Investors Sustain Selective Buying

October 23, (THEWILL) — The Nigerian Exchange Limited (NGX) sustained its bullish momentum on Thursday, October 23, 2025, as renewed interest in medium- and large-cap stocks lifted key performance indicators. The All-Share Index (ASI) climbed by 0.49 per cent to...

Lafarge Africa Records N780.48bn Revenue Growth In 9M 2025

October 23, (THEWILL) — Lafarge Africa Plc, a leading innovative and sustainable building solutions company and manufacturer of a range of cement brands, recorded sales revenue of N780.48 billion for the 2025 9M period, a growth of 63% when...

Nigeria Unveils Federal Treasury Receipt To Plug Revenue Leakages, Boost Transparency

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October 23, (THEWILL) — The Federal Government has unveiled a new payment verification and collection system known as the Federal Treasury Receipt (FTR), a major step aimed at curbing revenue leakages, improving accountability, and strengthening public financial management across...

Aliko Dangote To Sell 10% Stake In Refinery on NGX by 2026

October 23, (THEWILL) — The founder of Dangote Group, Alhaji Aliko Dangote has said that the Dangote Petroleum Refinery plans to sell 5 percent to 10 percent of its stake on the Nigerian Exchange (NGX) Limited within the next...

Only 23% of Rural Communities Have Internet Access in Nigeria – NCC

October 23, (THEWILL) — The Nigerian Communications Commission (NCC) has revealed that only 23 percent of rural communities in Nigeria currently have access to the internet, compared to 57 percent in urban areas — a gap the Commission says...

Nigerian Equities Market Gains 1.50% As Capitalisation Hits N97.59tn

October 22, (THEWILL) — The Nigerian equities market closed on a strong note on Wednesday, October 22, gaining 1.50 percent amid renewed investor confidence in select consumer goods, industrial, and real estate stocks. The All-Share Index rose from 151,456.91 points...

Transcorp Hotels Sustains Growth Momentum With 49% Jump In Q3 Revenue

October 22, (THEWILL) — Transcorp Hotels Plc has reported a strong third-quarter (Q3) performance for 2025, posting a profit before tax (PBT) of N22.4 billion, up from N14.8 billion in the same period of 2024, a growth of roughly...

CBN Interventions Keep Naira Stable Amid 32.9% FX Inflow Slump

October 22, (THEWILL) — The Nigerian naira climbed modestly this week, signalling a sign of market resilience even as foreign-exchange (FX) inflows collapsed by 32.9% year-on-week, a stark reminder of the dual pressures the currency now faces. Data from the...

Equities Market Edges Higher As Capitalisation Rises To N96.13tn

October 22, (THEWILL) — The Nigerian equities market closed on a positive note on Tuesday, October 21, as renewed investor interest in consumer goods and industrial stocks lifted overall performance. The All-Share Index advanced from 149,940.81 points to 151,456.91...

Coca-Cola HBC Expands African Presence With $2.6bn CCBA Acquisition

October 21, (THEWILL) — Coca-Cola HBC AG (Coca-Cola Hellenic Bottling Company) has announced a $2.6 billion deal to acquire a 75% controlling stake in Coca-Cola Beverages Africa (CCBA), significantly expanding its footprint across the African continent. The acquisition involves...