Business

Soaring Input Costs Slash Farmers’ Profits By 41%

November 25, (THEWILL) — Farmers across the country are grappling with steep financial setbacks as the cost of key agricultural inputs surged by an average of 41% over the past season, sharply eroding already-thin profit margins. The spike driven by...

BREAKING: CBN Retains 27% Interest Rate

November 25, (THEWILL) — The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has voted to retain the Monetary Policy Rate (MPR) at 27 per cent. CBN Governor, Olayemi Cardoso, announced the decision on Tuesday in...

Dangote Picks Honeywell to Help Fulfill Expansion Plan

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November 25, (THEWILL) — Dangote Refinery has tapped Honeywell International Inc. to open new tab to provide services and help double its refining capacity to 1.4 million barrels per day by 2028. Analysts describe this as the clearest indication...

CBN Proposes Five-Year Ban on Serial Dud Cheque Issuers

November 25, (THEWILL) — The Central Bank of Nigeria (CBN) has proposed stricter sanctions for individuals who repeatedly issue dud cheques, including an automatic five-year ban each time a repeat offence occurs. The measure is part of a new...

Naira Appreciates As Investors Anticipate 303rd MPC Decisions

November 25, (THEWILL) — The naira strengthened further on Monday, appreciating to ₦1,452 per dollar at the official foreign exchange market as investors, analysts, and market operators turned their attention to the 303rd Monetary Policy Committee (MPC) meeting. The...

CBN Issues Directive Defining HoldCo Minimum Capital After Earnings Delays

November 25, (THEWILL) — The Central Bank of Nigeria (CBN) has issued a fresh directive clarifying how Financial Holding Companies and banks should compute their minimum paid-up capital. This follows weeks of uncertainty that contributed to delays in the...

Equities Market Slips As Cautious Trading Persists

November 24, (THEWILL) — The Nigerian equities market extended its bearish performance today as sustained cautious sentiment pushed key indicators into the red. The All-Share Index (ASI) dipped from 143,722.62 to 143,614.61, while the market capitalisation declined from about...

Sachet Alcohol Ban Tightens, Squeezing Finances Of Small Distillers

November 24, (THEWILL) — Nigeria’s planned ban on sachet and small-volume (under 200 ml) alcoholic drinks, scheduled to be enforced by December 2025, is triggering sharp warnings from business analysts, who predict a liquidity crisis for manufacturers in the alcoholic...

FG Earnings from e-Money Transfer Levy Soars 218% in 12 Months

November 24, (THEWILL) — The Federal Government raked in N47.87 billion from digital cash switch fee, otherwise called Electronic Money Transfer Levy (EMTL) in November, 2025, a whopping 217.8 percent rise against N15.06 billion garnered in the equivalent period...

Equity Market Turnover Soars to Historic N10trn in Ten Months

November 24, (THEWILL) — Nigeria’s equity market has entered one of its most explosive phases in recent history, as turnover on the domestic bourse surged to nearly N10 trillion within the first ten months of 2025 —a performance analysts...