Business

UBA’s Whitepaper to Boost Digital Economy, Financial Inclusion Amid Recapitalisation Drive

October 26, (THEWILL) — Africa’s Global Bank, United Bank for Africa (UBA) Plc recently launched the ground-braking Whitepaper initiative – a strategic project that has, again, shot the Tier-1 financial services institution into global limelight. By this strategic action...

Equities Market Extends Rally as ASI Gains 4.48% to Close Week Strong

October 26, (THEWILL) — The Nigerian equities market closed the week on a bullish note, maintaining its upward trajectory as investors rotated funds into fundamentally sound stocks. The All-Share Index (ASI) advanced by 4.48 percent, rising from 148,977.64 points...

Nigeria’s Pension Assets Climbs Over N25trn – PenCom DG

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October 26, (THEWILL) — Nigeria’s pension assets have grown over N25 trillion, fueling national development through strategic investments, the Director General of the National Pension Commission (PenCom), Ms. Omolola Oloworaran has said.   Oloworaran disclosed this on Friday (October 24) at...

Okomu Oil Grows Q3 Pretax Profit 49% to ₦17bn

October 26, (THEWILL) — Okomu Oil Palm Company Plc has reported a 49 percent year-on-year growth in its profit before tax (PBT) for the third quarter of 2025, reaching ₦17.05 billion compared to ₦11.41 billion in the same period...

Aliko Dangote Becomes First African to Hit $30bn Mark

October 26, (THEWILL) — Africa’s wealthiest individual, Aliko Dangote has reached a $30 billion net worth as of October 23, 2025, according to Bloomberg’s Billionaire Index. This milestone reflects a $2.16 billion year-to-date increase in his fortune, with a recent...

Access Holdings Reports N2.5trn Gross Earnings In H1 2025

October 25, (THEWILL) — Access Holdings Plc has announced its half-year audited financial results for the period ended June 30, 2025. The Group’s financial results for the half year ended June 30, 2025, reflect the resilience of our...

UPDATED: FG’s Anti-Money Laundering Strategy Gains Global Recognition as FATF Delists Nigeria from Grey List

October 24, (THEWILL) — Nigeria has achieved a major milestone in its fight against money laundering, terrorism financing, and proliferation financing following its official removal from the grey list of the Financial Action Task Force (FATF). FATF President, Elisa de...

Equities Market Sustains Uptrend As ASI Climbs 0.75 Percent

October 24, (THEWILL) — The Nigerian Exchange (NGX) extended its bullish momentum on Friday, October 24, 2025, as renewed interest in mid- and large-cap stocks lifted key market indicators for the third consecutive session. The All-Share Index (ASI) advanced...

Nigerian T-Bills, Bond Yields Decline Across Maturities as Demand Strengthens

October 22, (THEWILL) — Yields on Nigerian Treasury bills and Federal Government bonds fell across most maturities last week, reflecting renewed investor demand and improved liquidity in the fixed-income market. The decline follows a period of cautious trading, as investors...

Rising Borrowing Pushes Nigeria’s 2024 Fiscal Deficit to ₦13.5tn

October 24, (THEWILL) — Nigeria’s fiscal deficit widened sharply in 2024, reaching ₦13.5tn, according to data from the Budget Office, underscoring the deepening gap between government revenue and expenditure. The surge was driven by rising recurrent spending, soaring debt-service obligations,...