Business

November 26, (THEWILL) — At the end of the latest meeting of the Monetary Policy Committee (MPC), CBN Governor Olayemi Cardoso announced that 16 Nigerian banks have now met the apex bank’s revised recapitalisation requirements a sign of growing...

November 26, (THEWILL) — The National Bureau of Statistics (NBS) has announced that Nigeria’s Value Added Tax (VAT) collections reached N2.06 trillion in the second quarter of 2025. According to the VAT Q2 2025 Report released in Abuja, this...

November 25, (THEWILL) — The Central Bank of Nigeria (CBN) has mandated that commercial, merchant, and non-interest banks face a minimum penalty of N3 million if they fail to properly verify the status of customers before opening current accounts,...

November 25, (THEWILL) — The Nigerian equities market closed positively on Monday, as renewed demand across select mid- and large-cap stocks supported a mild recovery. Market capitalisation rose from approximately N91.346 trillion to N91.441 trillion, while the All-Share Index...

November 25, (THEWILL) — Farmers across the country are grappling with steep financial setbacks as the cost of key agricultural inputs surged by an average of 41% over the past season, sharply eroding already-thin profit margins. The spike driven by...

November 25, (THEWILL) — The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has voted to retain the Monetary Policy Rate (MPR) at 27 per cent. CBN Governor, Olayemi Cardoso, announced the decision on Tuesday in...

November 25, (THEWILL) — Dangote Refinery has tapped Honeywell International Inc. to open new tab to provide services and help double its refining capacity to 1.4 million barrels per day by 2028. Analysts describe this as the clearest indication...

November 25, (THEWILL) — The Central Bank of Nigeria (CBN) has proposed stricter sanctions for individuals who repeatedly issue dud cheques, including an automatic five-year ban each time a repeat offence occurs. The measure is part of a new...

November 25, (THEWILL) — The naira strengthened further on Monday, appreciating to ₦1,452 per dollar at the official foreign exchange market as investors, analysts, and market operators turned their attention to the 303rd Monetary Policy Committee (MPC) meeting. The...

November 25, (THEWILL) — The Central Bank of Nigeria (CBN) has issued a fresh directive clarifying how Financial Holding Companies and banks should compute their minimum paid-up capital. This follows weeks of uncertainty that contributed to delays in the...