Business

Commercial Paper Issuance Hits N753bn – SEC Reports

December 29, (THEWILL) — The Securities and Exchange Commission (SEC) has disclosed that Nigerian companies raised over N753 billion through the issuance of Commercial Papers (CPs) between April and October, underscoring growing corporate reliance on short-term debt instruments amid...

Nigerian Beginners Pile into Bank Stocks as Retail Trading Hits Seven-Year High in 2025

December 29, (THEWILL) — Beginner and retail investors in Nigeria are increasingly concentrating their investments in high-liquidity banking stocks and dividend-paying blue-chip companies, as retail participation on the Nigerian Exchange (NGX) surged to its strongest level in seven years...

Air Peace CEO Warns New Tax Regime Could Push Airfares To ₦1m

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December 29, (THEWILL) — The Chairman and Chief Executive Officer of Air Peace, Allen Onyema, has warned that Nigeria’s newly introduced tax reforms could drive domestic airfares to ₦1 million or more, threatening the survival of local airlines and...

Commercial Paper Issuance Hits ₦753bn – SEC Reports

December 29, (THEWILL) — The Securities and Exchange Commission (SEC) has disclosed that Nigerian companies raised over ₦753 billion through the issuance of Commercial Papers (CPs) between April and October, underscoring growing corporate reliance on short-term debt instruments amid...

Foreign Exchange Reserves Grow $4.39bn In 12 Months

December 29, (THEWILL) — Foreign exchange (FX) reserves have recorded a notable increase of $4.39 billion over the past year, reflecting improved external sector performance and stronger inflows into the economy. The rise highlights enhanced macroeconomic stability and growing...

Dangote: The Saving Monopoly Amidst Dead Refineries

December 28, (THEWILL) — Nigeria’s downstream oil market has been thrown into intense competition as several filling stations slash petrol prices by as much as N100 per litre following the resumption of free nationwide delivery by the Dangote Petroleum...

Afrinvest Expands Presence in SE with Enugu Office, Projects N1,431.06/$ in 2026

December 28, (THEWILL) — Afrinvest, a leading Nigerian investment management firm, has expanded its operations in the South-East with the opening of a new office in Enugu State, reinforcing its commitment to bringing structured wealth management services closer to...

Winners and Losers: Nigerian Equities Market Shows Sharp Divide in 2025

December 28, (THEWILL) — The Nigerian equities market in 2025 delivered one of its most polarised performances in recent memory, as trading activity between January and December produced extraordinary gains in a select group of stocks while simultaneously exposing...

FIRS Accredits PwC As System Integrator, Signals Tighter Tax Transparency for Listed Companies

December 26, (THEWILL) — The Federal Inland Revenue Service (FIRS) has accredited PricewaterhouseCoopers (PwC) as a system integrator for Nigeria’s national e-invoicing framework, a move that signals a major shift toward tighter tax transparency with growing implications for the...

CBN Reports $276 Million Decline In IMTO Inflows

December 26, (THEWILL) — The Central Bank of Nigeria (CBN) has reported a $276 million decline in inflows from International Money Transfer Operators (IMTOs), signalling softer diaspora remittance receipts amid shifting global and domestic financial conditions. The drop reflects moderation...