Business

August 03, (THEWILL) — The transformation initiatives at the Nigeria Inter-Bank Settlement System (NIBSS) towards revolutionising the country’s payment landscape is central to the expansion of the economy driven by the services sector. Nigeria’s economy expanded by 3.13 percent year-on-year...

August 02, (THEWILL) — The Dangote Petroleum Refinery and Petrochemicals has appointed David Bird, the former head of Oman’s Duqm Refinery, as its new Chief Executive Officer (CEO). According to S&P Global, the appointment which took effect from July 2025,...

July 30, (THEWILL) — Transnational Corporation Plc (Transcorp Group), one of Nigeria’s leading listed conglomerates, has posted impressive financial results for the half-year ended June 30, 2025, demonstrating sustained growth across its diversified portfolio. According to the unaudited financial statement...

July 30, (THEWILL) — FirstBank, the West African premier financial institution and financial inclusion services provider, has emerged as Nigeria’s Best Bank for Environmental, Social, and Governance (ESG) at the prestigious Euromoney Awards for Excellence 2025, held recently in...

July 28, (THEWILL) — Total disbursements from the Federation Account Allocation Committee (FAAC) to the 774 local government areas (LGAs) in Nigeria’s 36 states increased by N1.32 trillion to reach N2.50 trillion (year-on-year) as of June 30,2025. This constitutes a 111.81...

July 28, (THEWILL) — Former spokesperson for Atiku Abubakar's 2023 presidential campaign, Otunba Segun Sowunmi, has criticised former Senate President David Mark for his claim that only the African Democratic Congress (ADC) can solve the insecurity and other challenges...

July 27, (THEWILL) — Nigeria’s rebased GDP puts the economy’s size at N372 trillion as of 2024 -- equivalent to US$244 billion at a recent exchange rate of N1,550/US$1. In USD terms, this constitutes a $266 billion slump in...

July 27, (THEWILL) — Africa is increasingly becoming a destination for cheap, often toxic petroleum products — many of which are blended to substandard levels that would not be permitted in Europe or North America. This concern was raised by...

July 27, (THEWILL) — Central Securities Clearing System Plc (CSCS), Nigeria’s premier capital market infrastructure, is pleased to announce the official launch of its Custodian Portal, a user-centric digital solution designed to optimize custodian operations through intuitive, secure, and...

July 25, (THEWILL) — Commercial banks in Nigeria closed 29.4 million accounts as of March 2025, according to the latest report by the Nigerian Interbank Settlement System (NIBSS). The figure represents a sharp year-on-year increase of 30.43 per cent from...