Business

World Bank Endorses National Certification Programme, Citing Gains in Capacity and Transparency

December 23, (THEWILL) — The World Bank has commended the successful rollout of Nigeria’s national certification programme, describing it as a critical milestone in strengthening institutional capacity, improving service delivery, and deepening transparency across key sectors of the...

Equities Advance As NGX Extends Rally On Broad-Based Buying

December 22, (THEWILL) — The Nigerian equities market closed higher on Monday, 22nd December, as sustained buying interest lifted key indices despite pockets of profit-taking across select stocks. Market capitalisation opened at ₦96.936 and closed at ₦97.193, while the All-Share...

Nestlé Nigeria Braces for Bullish Year-End After Stream of Losses

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December 22, (THEWILL) — Nestlé Nigeria Plc is set to close its 2025 operations on a bullish note, the first time after the foremost consumer goods firm had posted losses in the previous two years: N79.47 billion in 2023;...

Nigeria’s FX Reserves Dip by $263 Million, Ending 25-Week Accretion Run

December 22, (THEWILL) — Nigeria’s foreign exchange (FX) reserves have declined by $263 million, bringing to an end a 25-week streak of steady accretion, according to the latest official data. The decline marks the first weekly drawdown after several months...

Financial Inclusion: NIBSS’ Role Accelerates Digital Penetration Drive

December 21, (THEWILL) — The renewed vigour by financial technology (fintech) firms to penetrate the nooks and crannies of Nigeria, especially the countryside, has tremendously reconfigured the nation’s payment system. And this has a far-reaching impact on the economy...

PenCom Recoveries from Defaulting Employers Climb 180% to N4.04bn

December 21, (THEWILL) — The National Pension Commission, PenCom, recorded a significant success in pension compliance by recovering N4.04 billion from defaulting employers between January and November 2025. This represents a 180 per cent increase over the N1.44 billion...

FCMB Group Receives Shareholders’ Approval for Fresh N400bn Capital Raise

December 21, (THEWILL) — FCMB Group Plc has secured the shareholders’ approval to raise up to N400 billion fresh capital in a bid to beat the Central Bank of Nigeria’s March 31, 2026 deadline for banks reapitalisation. The...

Nigeria’s Mega-Banks Scoop N49trn from Government Securities in Q3 2025

December 21, (THEWILL) — Nigeria’s largest banks have increasingly repositioned their balance sheets toward government securities, with holdings of sovereign instruments rising to N49.152 trillion in the third quarter of 2025. The shift, driven by Nigeria’s elevated interest-rate environment,...

Access Holdings’ Shareholders Approve N40bn Fresh Capital Raise

December 21, (THEWILL) — Access Holdings Plc has secured shareholder approval to raise up to N40 billion in fresh equity capital through a private placement.   The lender disclosed this in a corporate filing with the Nigerian Exchange (NGX) on Thursday,...

NGX Extends Rally As Market Capitalisation Surges Past N96 Trillion

December 19, (THEWILL) — The Nigerian equities market closed the week on a strong note on Friday, December 19, 2025, with sustained buying pressure lifting key market indicators to fresh highs. Market capitalisation opened at N95.856 trillion and rose...