Business

December 05, (THEWILL) — Nigeria’s decision to maintain a 30 percent Company Income Tax (CIT) rate significantly higher than the global average of about 23.5 percent is raising fresh concerns about the country’s ability to attract and retain foreign...

December 05, (THEWILL) — Nigeria’s Debt Management Office (DMO) raised a total of ₦709.62 billion at its latest Nigerian Treasury Bills (NT-Bills) auction, with investors showing overwhelming preference for the longest-tenor instrument amid rising yields. The government had offered ₦700...

December 05, (THEWILL) — Nigeria’s banking sector is facing a deepening crisis as non-performing loans (NPLs) surge despite falling short of macro-economic explanations. Data from the Central Bank of Nigeria (CBN) show widespread repayment failures in 2025 across small...

December 04, (THEWILL) — Nigerian Exchange Limited (NGX) has introduced Commercial Paper (CP) listings, following approval from the Securities and Exchange Commission, marking another significant expansion of its product suite in a year defined by accelerated innovation. This development deepens...

December 04, (THEWILL) — The Nigerian Exchange (NGX) closed Thursday, December 4, 2025, on a mixed note, with the All-Share Index (ASI) slightly higher than the previous day’s performance. Market capitalisation opened at N92.628 and closed at N92.725, while...

December 04, (THEWILL) — The Group Managing Director of Finchglow Holdings, parent company of six travel and aviation-focused businesses, Mr Bankole Bernard, has been appointed as the Chairman of the Cargo Accounts Settlement Systems (CASS), Nigeria Local Consultative...

December 04, (THEWILL) — The Federal Government has unveiled key macroeconomic assumptions that will guide the preparation of the 2026 national budget, signalling its fiscal outlook for the year ahead. According to the approved parameters, the government is projecting: Oil...

December 04, (THEWILL) — The Federal Executive Council’s (FEC) approval of the 2026-2028 Medium-Term Expenditure Framework (MTEF), with projected revenue of ₦34.33 trillion, provides an important macro-fiscal signal for Nigeria’s capital markets going into 2026. The MTEF, which outlines...

December 03, (THEWILL) — The Nigerian equity market closed positively today as sustained buying interest across several large and mid-cap counters lifted both the Market Capitalisation and the All-Share Index (ASI). Market Capitalisation opened at N92.376 trillion and closed higher...

December 03, (THEWILL) — The Nigerian Content Development and Monitoring Board (NCDMB) has announced a $3 million cap on the amount any local oil and gas company can access from its newly established $100 million equity investment scheme. The limit,...