Business

Full Capital Gains Tax Exemption Introduced For Reinvested Shares In Nigeria

December 03, (THEWILL) — Nigerian investors will now enjoy full capital gains tax (CGT) relief when they reinvest proceeds from the sale of shares, following the implementation of updated tax rules aimed at boosting participation in the capital market. Under...

Nigeria’s Input Cost Inflation Hits Slowest Pace In Five Years – Report

December 03, (THEWILL) — Input cost inflation in Nigeria eased to its lowest level in five years in the latest assessment of business conditions, according to a new report released this week. The slowdown signals a moderation in the...

CBN Lifts Cash Deposit Limit, Raises Weekly Withdrawal Threshold To N500,000

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December 03, (THEWILL) — The Central Bank of Nigeria (CBN) has announced sweeping changes to the country’s cash-handling regulations, removing the limit on cash deposits and raising the cumulative weekly cash withdrawal limit across all channels for individuals from...

Presco Plc Secures $100m FDI To Accelerate Expansion In Edo State

December 02, (THEWILL) — Presco Plc has announced the successful attraction of a $100 million Foreign Direct Investment (FDI) aimed at accelerating the company’s expansion plans and strengthening Nigeria’s agro-industrial value chain. The investment described as a significant vote of...

Equities Market Rebounds As Market Capitalisation Gains Over N1.28 Trillion

December 02, (THEWILL) — The Nigerian equities market closed on a mixed note today as the All-Share Index (ASI) dipped despite an improvement in overall market capitalisation. Market Capitalisation opened at N91.089, and closed higher at N92.376, reflecting renewed interest...

NNPC’s N5.4tn Earnings Spark Investor Optimism, Signal Major Upside for Nigerian Capital Markets — CEAR

December 02, (THEWILL) — The Centre for Economic Accountability and Rescue (CEAR) has commended the Nigerian National Petroleum Company Limited (NNPC Ltd.) for posting an impressive N5.4 trillion profit for 2024, describing it as one of the clearest indicators...

Strong Agricultural And Industrial Output Push Nigeria’s GDP Up 3.98% In Q3 2025

December 02, (THEWILL) — Nigeria’s economy expanded by 3.98 percent in the third quarter of 2025, supported largely by stronger-than-expected performance in the agricultural and industrial sectors, according to newly released data from the National Bureau of Statistics...

FX Pressure Persists As Naira Falls To N1,446/Dollar In November

December 02, (THEWILL) — The naira weakened to N1,446 per US dollar at the official market in November, closing the month lower despite the Central Bank of Nigeria’s (CBN) continued monetary tightening aimed at stabilising the foreign-exchange market. The latest...

Equities Market Closes Lower as Bearish Sentiment Dominates

December 01, (THEWILL) — The Nigerian equities market extended its bearish performance as broad sell pressure pushed major indices lower. Market Capitalisation declined from N91.286, at the opening to N91.089 at the close. Likewise, the All-Share Index fell from...

New FGN Savings Bond Offer Promises Quarterly Interest, Secured Returns

December 01, (THEWILL) — The Debt Management Office (DMO), on behalf of the Federal Government of Nigeria, has announced the opening of subscriptions for the latest tranche of the Federal Government of Nigeria (FGN) Savings Bond, offering retail investors...