Business

Roosevelt Ogbonna Steps Down from Access Holdings Board, Retains Role as Bank CEO

August 27, (THEWILL) — Roosevelt Ogbonna has resigned from the Board of Access Holdings Plc as a Non-Executive Director after three and a half years of service in that capacity. Despite the development, Ogbonna will continue as the Managing Director/Chief...

Nigeria Halts Export Of Shea Nuts For Six Months

August 27, (THEWILL) — The Federal Government of Nigeria has announced a six-month ban on export of raw shea nut. Nigeria produces nearly 40 percent of global shea products, but accounts for only one percent of the $6.5 billion...

UBA SuperSavers’ Promo Seeks to Deepen Financial Inclusion, Boost Savings Culture

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- Over N150m in Prizes to be won by Customers August 25, (THEWILL) — Africa's Global Bank, United Bank for Africa (UBA) Plc, has officially launched the fifth edition of its Supersavers Promo aimed at reinforcing the bank's commitment towards...

Fintechs on Rampage

- Fintech firms take financial services landscape by storm to erase the culture that made efficiency a luxury August 24, (THEWILL) — In a surprising twist, Nigerian fintech companies have taken the country’s financial services system by storm -- to fill the efficiency...

Equity Market Drops N2.2trn As Index Sheds 2.5% in Week Ended August 22

August 24, (THEWILL) — Equities recorded a drop of N2.2 trillion in market capitalization in the week ended August 22, 2025, with the NGX All-Share Index dropping by 2.5 percent during the period. This followed the mixed sentiment that characterized...

Stay Away From Banks’ AT-1 Capital, PenCom Warns PFAs

August 24, (THEWILL) — The National Pension Commission has warned Pension Fund Administrators (PFAs) against investing in the Additional Tier-1 Capital of Deposit Money Banks. The warning was conveyed in a circular addressed to all licensed Pension Fund Operators, which...

FAAC Shares N2.001tn July 2025 Revenue To FG, States, LGs

August 22, (THEWILL) — The Federation Account Allocation Committee has shared a total of N2.001tn among the Federal Government, states, and local government councils as revenue for July 2025. The figure was drawn from a gross total of N3.836tn, according...

Nigeria’s External Reserves Rise To A Record High Of $41bn – CBN

August 21, (THEWILL) — Nigeria’s external reserves rose to $41 billion on Tuesday, August 19, up from the N40.11 billion mark in July 2025, the Central Bank of Nigeria stated in its external reserves data published on its official...

Guinea Insurance Plc Returns to Profit Drought, Posts N114.7m Loss in HY 2025

August 18, (THEWILL) — Guinea Insurance Plc posted a loss after tax of N114.7 million in the first half of 2025, compared to a profit of N115.94 million in the same period of 2024 and N936.55 million for the...

H1 2025: Derivative Fund Soars 128.83 percent to N781.83bn as Oil-Producing States Record Zero Foreign Investment in Q1

August 17, (THEWILL) — Nigeria’s nine oil-producing states amassed a total of N781.83 billion as statutory13 percent derivative fund from the Federation Account Allocation Committee (FAAC) in the first six months (H1) of 2025, according to data by the...