Business

December 31, (THEWILL) — The National Insurance Commission (NAICOM) has ruled out any extension of the ongoing insurance recapitalisation deadline, reinforcing regulatory discipline and sending a clear signal to the capital market on the need for timely compliance. The...

December 30, (THEWILL) — Nigeria’s domestic economic activity gained strong momentum in December 2025, with the Composite Purchasing Managers’ Index (PMI) climbing to 57.6 points. The reading, released by the Central Bank of Nigeria (CBN) on Tuesday, December 30, 2025,...

December 30, (THEWILL) — The Nigerian equities market closed higher on Tuesday, extending its bullish run as broad-based buying interest lifted key market indicators. Market capitalisation advanced to ₦98.843 trillion, up from an opening level of ₦98.432 trillion, reflecting a...

December 30, (THEWILL) — Billionaire investor and chairman of Geregu Power Plc, Femi Otedola, has divested a 77 percent equity stake in the power generation company, significantly reducing his ownership in one of Nigeria’s largest publicly listed power assets. Details...

December 30, (THEWILL) — Former Zamfara State governor, Senator Abdulaziz Yari, has been appointed as chairman of Geregu Power Plc, following a major ownership restructuring that led to the exit of billionaire investor, Femi Otedola, from the power...

December 30, (THEWILL) — Foreign Direct Investment (FDI) inflows into Nigeria rose sharply to $720 million in the third quarter of 2025, marking the highest quarterly inflow recorded so far this year, according to data from the Central...

December 30, (THEWILL) — The Nigerian National Petroleum Company Limited (NNPC) has opened discussions to divest minority stakes in select oil and gas assets as part of efforts to optimise its portfolio and attract fresh investment, according to...

December 30, (THEWILL) — Professional accountants have raised concerns over recent alterations to Nigeria’s tax laws, warning that inconsistencies and unclear provisions could weaken investor confidence and disrupt capital market activity. The concerns were highlighted by members of the Institute...

December 29, (THEWILL) — The Nigerian equities market closed the trading session on a positive note, as sustained buying pressure in select mid- and large-cap stocks lifted key market indicators. Market capitalisation rose to ₦98.432 trillion from an opening level...

December 29, (THEWILL) — Seplat Energy Plc will play a major role in Nigeria’s economic development in 2026, especially towards advancing local content implementation and optimum gas production. The dual- (London/Lagos) listed energy corporate announced major milestones recently that...