Business

Unity Bank Corpreneurship Challenge Beneficiaries Hit 578 as 30 More Winners Emerge

October 19, (THEWILL) — No fewer than 578 young entrepreneurs across Nigeria have benefitted from Unity Bank’s Corpreneurship Challenge — the Bank’s flagship entrepreneurial development initiative launched a few years ago.   Over this period, the Bank has invested in supporting...

CBN To Revive Local Currency Trade Scheme To Strengthen Regional Transactions

October 17, (THEWILL) — The Central Bank of Nigeria (CBN) is preparing to relaunch a long-standing plan to allow bilateral trade in local currencies after earlier attempts failed to yield desired results, Olayemi Cardoso has announced. Speaking...

ASI Climbs 0.42% As Gains Extend On Equities Market

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October 17, (THEWILL) — The Nigerian Exchange (NGX) closed the week on a positive note as renewed investor interest in select mid- and large-cap stocks lifted the benchmark index higher on Friday, October 17, 2025. The All-Share Index (ASI) advanced...

Nigeria Missing From IMF’s List of Africa’s Fastest-Growing Economies

October 17, (THEWILL) — Nigeria has been excluded from the International Monetary Fund’s (IMF) latest list of Africa’s fastest-growing economies, despite recent policy reforms and improved growth projections that analysts believed would boost its standing. At a press briefing for...

Nigeria Plans $2.3bn Eurobond To Refinance Debt, Strengthen Fiscal Stability

October 17, (THEWILL) — Nigeria is finalizing plans to issue a $2.3 billion Eurobond before the end of 2025 to refinance part of its external debt and enhance fiscal stability amid tightening global financial conditions. According to senior officials at...

Equities Market Extends Gains As ASI Rises 0.41% On Renewed Buying Interest

October 16, (THEWILL) — The Nigerian Exchange (NGX) sustained its positive momentum on Thursday, October 16, 2025, as renewed buying interest in select large and mid-cap stocks lifted the market further into the green. The All-Share Index (ASI) rose by...

Global Public Debt Set To Top 100% Of GDP By 2029 – IMF Warns

October 15, (THEWILL) — The International Monetary Fund (IMF) has raised a fresh alarm about the trajectory of global public debt, projecting that aggregate government borrowing will exceed 100% of world GDP by 2029 — the highest level since...

IMF Upgrades Nigeria’s 2025 Growth Forecast to 3.9%, 4.2% in 2026

October 15, (THEWILL) — The International Monetary Fund (IMF) has raised Nigeria’s economic growth outlook, projecting a 3.9 percent expansion in 2025 and 4.2 percent in 2026, an upward revision from its July forecast of 3.4 percent. The new projections...

Equities Market Declines Marginally As Profit-Taking Persists Across Key Sectors

October 14, (THEWILL) — The Nigerian equities market closed marginally lower on Tuesday, October 14, extending its cautious start to the week as investors continued to take profits in bellwether stocks. The market capitalisation dipped slightly from (N93,760,552,885,650.41) to...

Elumelu Urges Shift for National Good, Says Africa Must Become Partner, Not Charity

October 14, (THEWILL) — Nigeria’s foremost banker and philanthropist, Tony Elumelu, has said Africa’s sustainable development will only come from investment and shared prosperity, not dependency on foreign aid. Elumelu, who chairs Heirs Holdings and the United Bank for...