Business

Sanwo-Olu, NGX Group Champion Creative Economy Financing

October 31, (THEWILL) — Lagos State Governor, Babajide Sanwo-Olu, on Friday, October 31, performed the Closing Gong Ceremony at the Nigerian Exchange Group (NGX Group) in commemoration of Lagos Fashion Week, highlighting how Nigeria’s creative economy can leverage...

Tinubu Approves National Carbon Market Framework, Targets $3bn Annual Revenue

October 31, (THEWILL) — President Bola Tinubu has approved the adoption of a National Carbon Market Framework and the activation of Nigeria’s Climate Change Fund as part of strategic measures to position the country for leadership in global climate...

Zenith Bank’s Gross Earnings Rise 16% To N3.4tn As PBT Hits N917.4bn in Q3 2025

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October 31, (THEWILL) — Zenith Bank Plc has announced its unaudited financial results for the nine months ended September 30, 2025, reporting a 16 per cent year-on-year increase in gross earnings to N3.4 trillion, up from N2.9 trillion recorded...

Equities Market Extends Decline As ASI Slips 0.38%, Market Cap Sheds N370.9bn

October 30, (THEWILL) — The Nigerian Exchange (NGX) continued its downward trajectory on Thursday, October 30, 2025, as bearish sentiment persisted across major sectors. The All-Share Index (ASI) fell by 0.38 percent, opening at 154,260.98 and closing at 153,676.66 points,...

FG Imposes 15% Duty On Imported Petrol, Diesel To Protect Dangote Refinery, Others

October 30, (THEWILL) — The Federal Government has approved a 15 per cent ad-valorem duty on imported petrol and diesel as part of new policy measures aimed at protecting emerging local refineries, including the 650,000 barrels-per-day Dangote Refinery, and...

GTCO Posts ₦299.9bn Pre-Tax Profit In Q3 2025, Up 39% Year-on-Year

October 30, (THEWILL) — Guaranty Trust Holding Company Plc (GTCO) has reported a strong third-quarter performance for the period ended September 30, 2025, with a pre-tax profit of ₦299.9 billion, a 39 percent rise from ₦215.8 billion recorded in...

Equities Market Slumps As ASI Falls 0.7% Amid Broad Selloffs

October 29, (THEWILL) — The Nigerian Exchange (NGX) closed in the red on Wednesday, October 29, as renewed sell pressure across key sectors dragged the benchmark All-Share Index (ASI) down by 0.7 percent, settling at 154,260.96 points from 155,353.20...

Dangote Refinery’s N100bn Lawsuit Against NNPCL Drags To November

October 29, (THEWILL) — The Federal High Court in Lagos has adjourned the hearing in the N100 billion lawsuit filed by Dangote Petroleum Refinery against the Nigerian National Petroleum Company Limited (NNPCL) and several major oil marketers to November...

World Bank Forecasts Sharp Drop In Commodity Prices by 2026 As Oil Glut Deepens

October 29, (THEWILL) — Commodity prices are projected to fall to their lowest level in six years by 2026, marking the fourth straight year of decline, the World Bank Group said in its latest Commodity Markets Outlook. According to the...

Manufacturers’ Optimism Faces Reality Check Amid Rising Costs, Weak Demand

October 29, (THEWILL) — Despite renewed optimism about Nigeria’s economic outlook heading into the fourth quarter of 2025, the country’s manufacturing sector continues to face steep challenges. Persistent inflation, rising production costs, foreign exchange instability, and weak consumer demand...