Business

December 31, (THEWILL) — Savannah Energy PLC, the British independent has announced the intended entry into a relationship agreement with its largest shareholder, NIPCO Plc, a diversified Nigerian energy conglomerate, in connection with NIPCO increasing its shareholding in Savannah. According...

December 31, (THEWILL) — Nigeria’s recent tax reforms created the Nigerian Tax Act (NTA) 2025 which is among the new tax laws with January 1, 2026, as the implementation date. The NTA affected two existing fiscal rules namely, the Stamp...

December 31, (THEWILL) — The Managing Director/Chief Executive of the Nigeria Deposit Insurance Corporation, Mr Thompson Sunday, has drawn attention to the fact that the Federal Government’s 50 per cent cost-to-income ratio policy is limiting the corporation’s ability to...

December 31, (THEWILL) — The Nigerian equities market closed the final trading session of 2025 on Wednesday, 31st December on a positive note, capping a year of sustained recovery and strong capital inflows into the domestic equities market. Market capitalisation...

December 31, (THEWILL) — The Chief Executive Officer of Sterling, Yemi Odubiyi, has acquired shares in the company valued at N578.1 million, signaling increased confidence in the firm’s long-term prospects. The transaction was executed through an investment company linked to...

December 31, (THEWILL) — As Nigeria prepares to usher in a new era of fiscal reform, the federal government has reassured citizens that the new tax laws, set to take effect on January 1, 2026, will not involve...

December 31, (THEWILL) — The Central Bank of Nigeria (CBN) has projected that Nigeria’s inflation rate will decline to 12.94 percent by 2026, pointing to gradual relief for households and businesses as current economic reforms take hold. The...

December 31, (THEWILL) — Heirs Energies Limited, a leading indigenous integrated energy company, has acquired the entire 20.07% equity stake in Seplat Energy Plc previously held by Maurel & Prom S.A. The transaction, valued at approximately US$500 million, covers 120.4...

December 31, (THEWILL) — Nigeria is set to begin a new chapter in public revenue administration as the Federal Inland Revenue Service (FIRS) formally gives way to the Nigeria Revenue Service (NRS) in 2026, marking a major institutional...

December 31, (THEWILL) — President Bola Tinubu will proceed with the implementation of a comprehensive tax overhaul from January 1,2036, reaffirming his administration’s commitment to fiscal reform despite concerns over the short-term impact on businesses and households. The overhaul...