Business

Capital Gains Tax: Investors Consider Asset Sell-Off As FG Adjusts Revenue Scope

November 10, (THEWILL) — Nigeria’s planned overhaul of the capital gains tax regime is prompting investors to reassess their portfolios, with a noticeable increase in asset sales as market players move to avoid higher tax liabilities. Under reforms proposed by...

NIBSS’ National Payment Stack Records First Live Transaction

November 10, (THEWILL) — Approximately five months following the launch of the National Payment Stack (NPS) by the Nigeria Inter-Bank Settlement System (NIBSS) in June 2025, this innovative digital payment infrastructure has achieved its inaugural successful transaction – a...

MAGGI Powers Africa’s Culinary Creators with MAGGIVerse 2.0

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November 10, (THEWILL) — MAGGI, Nigeria’s leading culinary brand from Nestlé, has reaffirmed its leadership in driving Africa’s creator economy with the successful second edition of the MAGGI Creators Conference, themed “The MAGGIVerse 2.0.” Held from November 1–2, 2025, at...

Nigeria’s New Capital Gains Law Rewrites Investment Playbook for Oil Majors, Private Equity Firms

November 09, (THEWILL) — Nigeria’s sweeping overhaul of its capital gains tax (CGT) regime has redrawn the map for investors, oil giants, and private equity funds eyeing exits in Africa’s biggest economy. The new law, part of the Nigeria Tax...

UPDATED: NIBSS’s National Payment Stack Completes First Successful Transaction

November 09, (THEWILL) — The National Payment Stack (NPS), developed by the Nigeria Inter-Bank Settlement System (NIBSS), has successfully completed its first live transaction at 11:56 a.m. on Friday, November 7, 2025. The National Payment Stack is designed to...

First HoldCo Plc Eyes N30tn Assets on Strong 9M Performance

November 09, (THEWILL) — First HoldCo Plc has reported a robust financial performance for the nine months ending September 30, 2025, moving closer to a N30 trillion balance sheet by the end of the year. This follows the growth...

Equities Market Declines by 2.9% as Investors Book Profits

November 09, (THEWILL) — The Nigerian Exchange (NGX) closed the week ended Friday, November 7, 2025, on a negative note as profit-taking and weak investor sentiment dragged key market indicators lower across sectors. The NGX All-Share Index (ASI) and market...

AXA Mansard’s Pre-Tax Profit Slumps 73% in H1 2025

November 09, (THEWILL) — AXA Mansard Insurance Plc, a member of the global AXA Group, has reported a sharp decline in profitability for the first half of 2025, even as its insurance revenues rose strongly across all business segments. According...

British Airways To Offer Free High-Speed Wi-Fi for Passengers

November 07, (THEWILL) — British Airways has announced that it will begin offering free, high-speed Wi-Fi across all its flights from 2026, following a partnership between its parent company, International Airlines Group, and Starlink, the satellite internet service...

$2.35bn Eurobond Success Highlights Global Confidence in Nigeria — Wale Edun

November 07, (THEWILL) — Nigeria’s successful $2.35 billion Eurobond issuance has been described by Finance Minister Wale Edun as a clear reflection of renewed global confidence in the country’s economic direction and fiscal reforms. According to Edun, the oversubscribed...