Business

Access Bank Expands Central African Footprint As Standard Chartered Finalizes Cameroun Exit

December 09, (THEWILL) — Standard Chartered Bank has completed the transfer of its Cameroun business to Access Bank Plc, solidifying the Nigerian lender’s position as one of the most rapidly expanding financial institutions on the African continent. The move...

PenCom Goes Tough On Non-compliance With Pension Law

December 09, (THEWILL) — The National Pension Commission (PenCom) has announced a tougher compliance regime against employers that fail to adhere to the pension law. It therefore warns employers that the non-remittance of workers’ pension contributions would no...

CBN Approves 82 BDCs for Effective Monetary Policy Implemetation

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December 09, (THEWILL) — The Central Bank of Nigeria (CBN) has confirmed the approval of final operating licences for 82 Bureaux De Change under its updated regulatory framework, cautioning Nigerians to avoid patronising unlicensed foreign exchange dealers. The approval...

FG Bans Cash Payments to MDAs, Launches Mandatory e-Receipt System From January 2026

December 09, (THEWILL) — The Federal Government has announced the full digitalisation of revenue collection across all Ministries, Departments and Agencies (MDAs), with a mandatory switch to cashless payments beginning January 1, 2026. Under the new regime, the Federal...

Nigeria’s New Tax Act Introduces Tougher Penalties, Including N10m Fine and 10-Year Jail Term

December 09, (THEWILL) — Nigeria’s newly enacted Tax Administration Act 2025 has introduced some of the toughest tax-compliance penalties in the country’s history, including a N10 million fine and up to 10 years imprisonment for serious offences such...

Keyamo To Grace United Nigeria Airlines’ Inaugural Flight To Ekiti Dec 10

December 08, (THEWILL) — The Minister of Aviation and Aerospace Development, Festus Keyamo, is billed to participate in the United Nigeria Airlines inaugural commercial flight to Ekiti State from the Nnamdi Azikiwe International Airport, Abuja, on Tuesday, December 10,...

FX Market Reforms Deepen As CBN Approves 82 Licenced BDCs

December 08, (THEWILL) — The Central Bank of Nigeria (CBN) has granted final operating licences to 82 Bureaux De Change (BDCs) under the revised Regulatory and Supervisory Guidelines for BDC operations, marking a significant step in the apex bank’s...

Equities Market Maintains Uptrend As ASI Climbs 0.26%

December 08, (THEWILL) — The Nigerian equities market extended its positive momentum on Monday, with the NGX All-Share Index (ASI) advancing from 147,040.08 to 147,427.95, reflecting renewed buying interest across major sectors. Market capitalisation also increased, opening at N93.722...

Oil Industry Records Zero Oil Theft In One Year – Chevron MD

December 08, (THEWILL) — The Chairman/Managing Director of Chevron Nigeria/Mid-Africa business unit, Mr Jim Swartz, has disclosed that Chevron recorded zero incidents of sabotage in the last one year. Swartz made this disclosure when he visited the Nigerian Upstream Petroleum...

Stanbic IBTC’s Digital Lending Expansion Seen Boosting Earnings, Banking Sector Valuations

December 08, (THEWILL) — Stanbic IBTC Holdings Plc’s latest push into digital retail lending is drawing attention from analysts, who say the move could strengthen the bank’s earnings capacity, improve asset quality, and lift its long-term valuation on the...