Business

KPMG Flags Gaps In New Tax Laws, Warns Of Disputes, Capital Flight

January 08, (THEWILL) — KPMG has raised concerns over gaps and ambiguities in Nigeria’s newly enacted tax laws, warning that poor clarity and implementation risks could trigger legal disputes and discourage investment. In a recent advisory, the professional services...

Equities Market Advances As ASI Crosses 160,000-Point Threshold

January 07, (THEWILL) — The Nigerian equities market closed higher on Wednesday, extending its upward trend as gains in select heavyweight stocks lifted key market indicators, despite a mixed market breadth. Market capitalisation increased to ₦102.684 trillion from an opening...

Nigerian SEC Cautions Investors Over Unauthorised Voya-Branded Platform

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January 07, (THEWILL) — The Securities and Exchange Commission (SEC) has issued a public warning cautioning investors against doing business with an entity calling itself Voya Investment Management (VIM), saying the firm is not authorised to operate in...

No Tax On Bank Savings – CITN Explains New Stamp Duty Rules

January 07, (THEWILL) — The Chartered Institute of Taxation of Nigeria (CITN) has dismissed reports suggesting that Nigerians’ bank savings are being taxed under the country’s new tax regime, clarifying that only specific electronic transfers attract a ₦50...

Nigeria’s Poverty Rate May Rise 62%, Says PwC

January 07, (THEWILL) — Global professional service firm, PricewaterhouseCoopers, PwC, has said Nigeria’s poverty rate may rise sharply to 62 percent by 2026, with about 141 million people expected to be living below the poverty line. The...

Nigeria’s Tax Reforms Expected to Lift Tax-to-GDP Ratio in 2026

January 07, (THEWILL) — Nigeria’s tax-to-GDP ratio is projected to improve in 2026 as ongoing fiscal reforms begin to translate into stronger revenue mobilisation and broader tax compliance. Analysts say recent policy measures including tax administration reforms, digitisation of...

Nigeria Attracts $14bn Foreign Capital on Reform Push — FG

January 07, (THEWILL) — Nigeria attracted nearly $14 billion in foreign capital inflows within the first nine months of 2025, as renewed investor confidence driven by ongoing economic reforms lifted foreign participation above levels recorded in the full...

NAHCO Expands Ground Handling Footprint With Renewed European Alliances, New Airline Clients

January 07, (THEWILL) — Ground handling service provider, the Nigerian Aviation Handling Company Plc (nahco aviance), has announced the signing of a chain of contracts with major airlines for the provision of total handling solutions. In an official...

No Constitutional Breach in Repeal of 2024, 2025 Budgets — BOF

January 07, (THEWILL) — The Budget Office of the Federation (BOF) has declared that the repeal and re-enactment of the 2024 and 2025 Appropriation Acts did not violate the Constitution, dismissing claims of fiscal illegality and lack of...

Bullish Momentum Persists As Nigerian Equities Close Higher

January 06, (THEWILL) — The Nigerian equities market sustained its bullish momentum on Tuesday, closing higher as strong buying interest across mid-cap and financial stocks drove broad-based gains, despite pockets of profit-taking in select large-cap counters. Market capitalisation rose to...