Business

Nestlé Nigeria Posts N39.6bn Pre-Tax Profit in Q3 2025, Positive Outlook for Backward Integration

November 17, (THEWILL) — Nestle Nigeria Plc, experienced a strong rebound in Q3 2025 after seeing sharp losses in 2023 and 2024 due to currency devaluation, and this is good news for backward integration. The foremost consumer goods firm has...

Market Rebounds As Clarity on CGT Erases Investors’ Fears

November 17, (THEWILL) — Nigeria’s equities market closed last week trading on a markedly improved footing after a dramatic mid-week reversal that helped claw back a significant portion of the losses recorded earlier in one of the year’s steepest...

Nigeria Emerges Winner As NIBSS Instant Payment Attains Africa’s First Mature Inclusivity

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November 17, (THEWILL) — At the just-concluded State of Inclusive Instant Payment Systems (SIIPS) in Africa 2025 Report Launch held in Ezulwini, Eswatini, on November 12–14, 2025, Nigeria emerged as the winner. This followed the recognition of Nigeria...

Refineries: NNPC Signals the Conclusion of Business-as-Usual Era

November 16, (THEWILL) — After many years of functioning within the infamous landscape of conventional business practices, marked by a culture of wastefulness, inefficiency, and corruption, there are signs that the Federal Government, through the Nigerian National Petroleum Company...

‘How CBN’s Aggressive Interest Rate Hikes Upped Demand for Fixed Income Instruments’

November 16, (THEWILL) — The decision of the Central Bank of Nigeria to embark on aggressive interest rate hikes boosted investors’ demand for fixed income instruments in 2024, the President, Association of Issuing Houses of Nigeria, Kemi Awodein, has...

Equities Market Closes Lower as Profit-Taking Persists, Despite Stronger Trading Activity

November 16, (THEWILL) — The Nigerian equities market closed the week broadly lower, with the NGX All-Share Index (ASI) dipping by 1.68 percent from 148,781.90 to settle at 147,013.59 points, while the Market Capitalisation declined by 1.58 percent from...

PenCom Extends Pension Capital Compliance Deadline to June 2027

November 16, (THEWILL) — The National Pension Commission (PenCom) has officially extended the deadline for compliance with its revised minimum capital requirements for Licensed Pension Fund Administrators (PFAs) and Pension Fund Custodians (PFCs), granting existing operators an additional six...

Controversy Trails 15% Petrol Tax Suspension

November 14, (THEWILL) — The government’s suspension of the proposed 15% petrol tax has triggered widespread debate across political, economic, and civic groups, with stakeholders split over whether the decision offers meaningful relief or poses long-term fiscal risks. The suspension...

Massive Relief For Pensioners as PTAD Pays ₦3.9bn in Arrears

November 14, (THEWILL) — The Pension Transitional Arrangement Directorate (PTAD) has disbursed ₦3.9 billion to settle outstanding pension arrears owed to 91,146 retirees under the Federal Government’s Defined Benefit Scheme (DBS), marking another milestone in the ongoing effort to...

Tax-Hike Strategy Threatens Nigeria’s Trillion-Dollar Growth Ambition

November 14, (THEWILL) — Nigeria’s renewed push to raise government revenue through an expanded and more aggressive tax regime is facing mounting criticism from economists, private-sector leaders, and development experts who warn that the current approach could undermine the...