Business

Audit Flags CBN’s Failure To Retrieve N629bn From Anchor Borrowers’ Programme

December 01, (THEWILL) — Nigeria’s latest audit has revealed that the Central Bank of Nigeria (CBN) failed to recover N629.04 billion loaned out under the Anchor Borrowers’ Programme (ABP), raising serious concerns about transparency, accountability, and the sustainability of...

Guinea Insurance Plc Battles Diminishing Returns

December 01, (THEWILL) — Guinea Insurance Plc recorded a massive post-tax profit decline of 93.2 percent in the nine months of the year. According to its interim Q3 2025 report filed with the Nigerian Exchange (NGX), the profit after...

Domestic Borrowing Pushes Nigeria’s Public Debt To N152.39trn In Q2 2025

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December 01, (THEWILL) — Nigeria’s total public debt stock rose to N152.39 trillion in the second quarter of 2025, driven largely by an uptick in domestic borrowing, according to figures published on Monday by the National Bureau of Statistics...

Otedola’s First HoldCo Exits FBNQuest Merchant Bank In Strategic Sale To EverQuest

December 01, (THEWILL) — First HoldCo, chaired by billionaire investor, Femi Otedola, has finalised the divestment of its entire stake in FBNQuest Merchant Bank to EverQuest Acquisition LLP, a consortium comprising Custodian Investments, Aion Investments and Evercorp Industries. The sale,...

Ellah Lakes Launches N235bn Public Offer To Accelerate Agro-Industrial Expansion

December 01, (THEWILL) — Ellah Lakes Plc has launched a N235 billion public offer as the agribusiness firm pushes to deepen its transition into a fully integrated agricultural and processing company. Approved by the Securities and Exchange Commission...

Equities End November on Weak Note as NGX ASI Posts Least Monthly Performance of 2025

December 01, (THEWILL) — The Nigerian equity market closed November on a weak note as the NGX All-Share Index (ASI) posted its worst monthly performance of 2025, falling by 6.88% to close at 143,520.53 points, down from 154,126.46 at...

Detty Fusion: Access Bank, Lagos State Partner to Revolutionise Festive Season Experience

December 01, (THEWILL) — Access Bank PLC has partnered with the Lagos State Ministry of Tourism, Arts, and Culture to unveil the Detty Fusion Initiative—a first-of-its-kind digital platform designed to simplify how Nigerians, both at home and in the...

CAMCAN Sets 2025 Workshop Agenda, Highlights ISA Reforms and Investment Climate

December 01, (THEWILL) — The Capital Market Correspondents Association of Nigeria (CAMCAN) has concluded plans to host its 2025 annual workshop, a key engagement platform designed to deepen dialogue and strengthen policy direction across Nigeria’s capital market and the...

Refineries: Uncertainties Mount as NNPC Sets June 2026 Target to Alter Ownership Model

November 30, (THEWILL) — The Nigerian National Petroleum Company Limited (NNPCL) is shopping for ‘partners’ to revive its moribund refineries that have lay comatose for over a decade. This is coming on the heels of the humongous resources invested...

NLNG, NCDMB to Partner on Asset Intervention Programme

November 30, (THEWILL) — Nigeria LNG Limited (NLNG) and the Nigerian Content Development and Management Board the (NCDMB) have engaged in productive discussions towards collaboration in support of NLNG’s planned revamp and enhancement of key operational facilities in Trains...