Business

Equity Market Drops N2.2trn As Index Sheds 2.5% in Week Ended August 22

August 24, (THEWILL) — Equities recorded a drop of N2.2 trillion in market capitalization in the week ended August 22, 2025, with the NGX All-Share Index dropping by 2.5 percent during the period. This followed the mixed sentiment that characterized...

Stay Away From Banks’ AT-1 Capital, PenCom Warns PFAs

August 24, (THEWILL) — The National Pension Commission has warned Pension Fund Administrators (PFAs) against investing in the Additional Tier-1 Capital of Deposit Money Banks. The warning was conveyed in a circular addressed to all licensed Pension Fund Operators, which...

FAAC Shares N2.001tn July 2025 Revenue To FG, States, LGs

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August 22, (THEWILL) — The Federation Account Allocation Committee has shared a total of N2.001tn among the Federal Government, states, and local government councils as revenue for July 2025. The figure was drawn from a gross total of N3.836tn, according...

Nigeria’s External Reserves Rise To A Record High Of $41bn – CBN

August 21, (THEWILL) — Nigeria’s external reserves rose to $41 billion on Tuesday, August 19, up from the N40.11 billion mark in July 2025, the Central Bank of Nigeria stated in its external reserves data published on its official...

Guinea Insurance Plc Returns to Profit Drought, Posts N114.7m Loss in HY 2025

August 18, (THEWILL) — Guinea Insurance Plc posted a loss after tax of N114.7 million in the first half of 2025, compared to a profit of N115.94 million in the same period of 2024 and N936.55 million for the...

H1 2025: Derivative Fund Soars 128.83 percent to N781.83bn as Oil-Producing States Record Zero Foreign Investment in Q1

August 17, (THEWILL) — Nigeria’s nine oil-producing states amassed a total of N781.83 billion as statutory13 percent derivative fund from the Federation Account Allocation Committee (FAAC) in the first six months (H1) of 2025, according to data by the...

H1 2025: Seplat Energy’s Report Shows Quantum Leap in Gas Expansion

August 17, (THEWILL) — Seplat Energy Plc, dually listed on the London Stock Exchange and the Nigerian Exchange, advanced its drive in gas expansion in the first half of the year, buoyed by the company’s buyout of ExxonMobil’s Nigeria...

APT Securities Sees NGX Market Cap Above N100trn in 2025

August 17, (THEWILL) — Managing Director and Chief Executive Officer of APT Securities and Funds Limited, Kasimu Garba Kurfi, has projected that the Nigerian Exchange (NGX) market capitalisation will surpass ₦100 trillion by the end of 2025, buoyed by...

Nigeria’s Inflation Slows to 21.88% In July 2025 – NBS

August 15, (THEWILL) — Nigeria’s headline inflation eased for the fourth consecutive month in July 2025, dropping to 21.88 per cent from 22.22 per cent in June, according to the Consumer Price Index report released Friday by the National...

FirstBank Charts New Course For Non-Oil Exports, Announces 2025 Edition Of Agric and Export Conference

August 14, (THEWILL) — FirstBank, West Africa’s premier financial institution and a leading driver of financial inclusion, has announced the 2025 edition of its flagship Agric and Export Conference. The event, themed “The Fundamentals of Building a Non-Oil Export-Driven Economy”,...