Business

November 20, (THEWILL) — The Federation Account Allocation Committee (FAAC) has shared N2.094 trillion from October 2025 revenues among the three tiers of government: the Federal Government, the 36 states, and the 774 Local Government Councils. According to the FAAC...

November 19, (THEWILL) — The Nigerian equities market closed lower on Wednesday, November 19, 2025, as sustained sell pressure dragged key performance indicators into negative territory. Market Capitalisation opened at N92.218 trillion and slipped to N92.002 trillion, while the All-Share...

November 19, (THEWILL) — Thirteen-year-old Ebunoluwa Seth Oluwatimilehin of Igando Community Senior High School, Lagos, has emerged winner of the 15th UBA Foundation National Essay Competition, becoming the youngest student ever to claim the top prize. Seth, an SS2...

November 19, (THEWILL) — The Federal Government has initiated User Acceptance Testing (UAT) for the National Single Window (NSW) project, a key milestone as the trade‑facilitation platform moves closer to its planned launch in March 2026. During the testing phase,...

November 19, (THEWILL) — Nigeria’s pension fund assets recorded 22.03 percent growth as of the end of the third quarter, rising by more than N4.71 trillion. This is as Pension Fund Administrators deepened their allocation to Federal Government securities,...

November 19, (THEWILL) — Nigeria has achieved crude oil production levels of 1.7 million barrels per day (bpd) multiple times in 2025, according to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). The Commission stated that the improvement reflects a...

November 19, (THEWILL) — Leadway Holdings Limited has completed the acquisition of 100 percent equity interest in Pensions Alliance Limited (PAL), following regulatory approval from the National Pension Commission (PenCom). The transaction marks a significant consolidation in Nigeria’s pension industry...

November 19, (THEWILL) — Retail participation in the Nigerian equities market surged this week, with trading activities by individual investors nearly doubling as they positioned for short-term gains and bargain opportunities across key sectors. The increased activity reflects a stronger...

November 19, (THEWILL) — Zenith Bank Plc has publicly rejected recent media reports claiming it is in the process of acquiring Kenya’s Paramount Bank, calling the information unauthorised and inaccurate. In a statement released on November 18, 2025, the...

November 19, (THEWILL) — The Office of the Accountant General of the Federation (OAGF) has announced sweeping reforms to deepen transparency, strengthen accountability, and improve efficiency in the management of World Bank-funded projects across Nigeria. The measures were outlined...