Business

NCDMB Bars Middlemen from NCEC Certification

December 07, (THEWILL) — The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Felix Ogbe, has said that the Board has tightened its certification process to stop middlemen and dubious operators from accessing Nigerian Content compliance...

Oil-Producing States’ Derivation Revenue Soars Highest in 10 Years

December 07, (THEWILL) — Nigeria’s oil-producing states are receiving their highest 13 percent derivation allocations in nearly a decade, with disbursements reaching N1.09 trillion between January and August 2025, a 34 percent increase compared to the N812.2 billion recorded...

Equities Market Extends Strong Uptrend as ASI Surges Above 147,000 Points

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December 05, (THEWILL) — The Nigerian Exchange (NGX) closed the daily trading on a strong bullish note, with the All-Share Index (ASI) rising from 145,476.15 to 147,040.26. This signals sustained buying interest across key counters. Market capitalisation also advanced,...

SEC Warns Against Transacting With Glorious Wealth Fund

December 05, (THEWILL) — The Securities and Exchange Commission (SEC) has warned Nigerians against transacting with an online investment platform, known as Glorious Wealth Fund (GWF). In a statement on Thursday, the SEC said the platform is not registered or...

Nigeria’s Steep 30% Corporate Tax Threatens FDI Inflows

December 05, (THEWILL) — Nigeria’s decision to maintain a 30 percent Company Income Tax (CIT) rate significantly higher than the global average of about 23.5 percent is raising fresh concerns about the country’s ability to attract and retain foreign...

DMO Raises N709.62bn As 364-day Treasury Bill Yield Climbs To 17.5%

December 05, (THEWILL) — Nigeria’s Debt Management Office (DMO) raised a total of ₦709.62 billion at its latest Nigerian Treasury Bills (NT-Bills) auction, with investors showing overwhelming preference for the longest-tenor instrument amid rising yields. The government had offered ₦700...

Nigeria’s Credit Crunch: Why Non-Performing Loans Are Choking Growth

December 05, (THEWILL) — Nigeria’s banking sector is facing a deepening crisis as non-performing loans (NPLs) surge despite falling short of macro-economic explanations. Data from the Central Bank of Nigeria (CBN) show widespread repayment failures in 2025 across small...

NGX Expands Market Offerings with Introduction of Commercial Paper Listings

December 04, (THEWILL) — Nigerian Exchange Limited (NGX) has introduced Commercial Paper (CP) listings, following approval from the Securities and Exchange Commission, marking another significant expansion of its product suite in a year defined by accelerated innovation. This development deepens...

Mixed Trading at NGX as Investors Weigh Gains in Select Stocks

December 04, (THEWILL) — The Nigerian Exchange (NGX) closed Thursday, December 4, 2025, on a mixed note, with the All-Share Index (ASI) slightly higher than the previous day’s performance. Market capitalisation opened at N92.628 and closed at N92.725, while...

Finchglow Chief Bernard Appointed CASS Nigeria Local Consultative Council Chairman

December 04, (THEWILL) — The Group Managing Director of Finchglow Holdings, parent company of six travel and aviation-focused businesses, Mr Bankole Bernard, has been appointed as the Chairman of the Cargo Accounts Settlement Systems (CASS), Nigeria Local Consultative...