Business

December 25, (THEWILL) — Nigerian banks flooded the Central Bank of Nigeria (CBN) with excess liquidity on Christmas Eve, depositing a combined ₦3.7 trillion through the Standing Deposit Facility (SDF), underscoring persistent surplus cash in the banking system despite...

December 25, (THEWILL) — The Nigerian Maritime Administration and Safety Agency (NIMASA) has reaffirmed that the eradication of piracy in Nigerian waters is critical to the growth of the maritime sector and Nigeria’s ambition to secure a seat...

December 24, (THEWILL) — The Nigerian equities market closed the shortened trading week on a positive note, with key indicators rising despite the week being limited to three sessions following the declaration of public holidays on Thursday and Friday...

December 24, (THEWILL) — The Nigeria Deposit Insurance Corporation (NDIC) has entered into a strategic partnership with the Nigeria Inter-Bank Settlement System (NIBSS) to accelerate the reimbursement of depositors in the event of bank failures. The collaboration is aimed...

December 24, (THEWILL) — Seplat Energy Plc has announced that Saidu Mohammed has formally withdrawn his acceptance of an appointment to the company’s board following his recent appointment as Chief Executive Officer of the Nigerian Midstream and Downstream...

December 24, (THEWILL) — Nigeria’s gross oil revenue significantly underperformed its 2025 budget projections in the first half of the year, raising fresh concerns about fiscal sustainability and the government’s ability to fund planned expenditures, according to official...

December 23, (THEWILL) — The Nigerian equities market closed on a positive note on Tuesday, extending its upward momentum as buying interest in select stocks lifted key indicators. Market capitalisation rose to ₦97.771 trillion, from an opening level of ₦97.193...

December 23, (THEWILL) — The Federal Inland Revenue Service (FIRS) has clarified that the National Identification Number (NIN) issued by the National Identity Management Commission has automatically become the Tax Identification Number (TIN) for individual Nigerians under the country’s...

December 23, (THEWILL) — The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has assured Nigerians that the newly enacted tax reform laws will neither lead to the freezing of bank accounts nor...

December 23, (THEWILL) — The Nigerian naira opened the new trading week on a positive note, strengthening against the United States dollar to trade below the ₦1,460/$1 level, as sentiment in the foreign exchange market continued to improve. Market...