Business

September 25, (THEWILL) — Femi Otedola, Chairman and key stakeholder in First HoldCo Plc, has expanded his stake in the company with the acquisition of an additional 64,878,668 shares, valued at N2.01 billion. FBN Holdings disclosed the transaction in two...

September 25, (THEWILL) — The Nigerian stock market extended gains on Thursday, rising for a second straight session as investors responded positively to the Monetary Policy Committee’s (MPC) recent rate decision. The All-Share Index (ASI) appreciated by 0.31 percent, moving...

September 24, (THEWILL) — The naira recorded a modest appreciation against the U.S. dollar in early trading this week, with the official exchange rate settling at N1,493/$. The movement followed a minor reversal of earlier dollar gains, reflecting the...

September 24, (THEWILL) — The Nigerian equities market closed on a weak note on Wednesday, September 24, as both market capitalization and the All-Share Index (ASI) recorded marginal declines following the Monetary Policy Committee’s (MPC) rate decision. Market capitalization dropped...

September 24, (THEWILL) — The Federal Inland Revenue Service (FIRS), on Tuesday, disclosed that Nigeria’s revenue generation increased from N711 billion in May 2023 to N3.64 trillion in September 2025, representing an increase of 411%. Chairman of FIRS, Zacch Adedeji,...

September 24, (THEWILL) — The Central Bank of Nigeria (CBN) has confirmed that 14 banks have fully met the new capital requirements under its ongoing recapitalisation exercise. CBN Governor, Yemi Cardoso, disclosed this on Tuesday while presenting the communiqué from...

September 23, (THEWILL) — The Nigerian Exchange (NGX) closed negative on Tuesday, September 23, as profit-taking in large-cap stocks dragged the benchmark index lower. The All-Share Index (ASI) shed 0.40% to 140,929.60 points from 141,498.22 points, while market capitalisation fell...

September 23, (THEWILL) — Zenith Bank Plc has declared an interim dividend of ₦1.25 per share for the half year ended June 30, 2025, following a surge in earnings powered by stronger interest income. The Tier-1 lender’s net interest income...

September 23, (THEWILL) — The Central Bank of Nigeria’s Monetary Policy Committee (MPC) has reduced the Monetary Policy Rate (MPR) by 50 basis points, lowering it from 27.5% to 27%. The announcement was made by CBN Governor, Olayemi Cardoso, during...

September 23, (THEWILL) — The Corporate Affairs Commission (CAC) has disclosed plans to deploy Artificial Intelligence (AI) to clear about 7,000 backlog of company registration applications. Registrar-General of the CAC, Hussaini Magaji, who disclosed this at a stakeholders’ forum in...