Business

Nigerian Banks’ Revenue Growth Masks Profit Pressures in H1 2025

November 02, (THEWILL) — Nigeria’s major banks posted estimated gross earnings of ₦10.8 trillion in H1 2025, a double-digit growth compared to equivalent period in 2024. Investigations revealed that despite a significant revenue growth, aggregated profit before tax (PBT) across these...

Equities Market Extends Rebound As ASI Gains 0.29%

October 31, (THEWILL) — The Nigerian Exchange (NGX) closed positively on Friday, October 31, sustaining its rebound as renewed interest in industrial and financial stocks lifted the benchmark indices. The All-Share Index (ASI) advanced by 0.29 percent, moving from...

UBA Records N2.47trn In Nine-Month Earnings Amid Tight Monetary Conditions

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October 31, (THEWILL) — Nigeria's banking landscape continues to show resilience as the United Bank for Africa (UBA) announced gross earnings of N2.47 trillion for the nine months ended September 30, 2025. The results, published in the bank's unaudited...

Q3 2025: UBA Delivers N538bn PAT, Strengthens Balance Sheet, Advances Recapitalisation Drive

October 31, (THEWILL) — United Bank for Africa (UBA) Plc has released its audited financial statement for the third quarter ended September 30, 2025, delivering another solid performance driven by steady earnings growth, strong balance sheet fundamentals, and strategic...

Sanwo-Olu, NGX Group Champion Creative Economy Financing

October 31, (THEWILL) — Lagos State Governor, Babajide Sanwo-Olu, on Friday, October 31, performed the Closing Gong Ceremony at the Nigerian Exchange Group (NGX Group) in commemoration of Lagos Fashion Week, highlighting how Nigeria’s creative economy can leverage...

Tinubu Approves National Carbon Market Framework, Targets $3bn Annual Revenue

October 31, (THEWILL) — President Bola Tinubu has approved the adoption of a National Carbon Market Framework and the activation of Nigeria’s Climate Change Fund as part of strategic measures to position the country for leadership in global climate...

Zenith Bank’s Gross Earnings Rise 16% To N3.4tn As PBT Hits N917.4bn in Q3 2025

October 31, (THEWILL) — Zenith Bank Plc has announced its unaudited financial results for the nine months ended September 30, 2025, reporting a 16 per cent year-on-year increase in gross earnings to N3.4 trillion, up from N2.9 trillion recorded...

Equities Market Extends Decline As ASI Slips 0.38%, Market Cap Sheds N370.9bn

October 30, (THEWILL) — The Nigerian Exchange (NGX) continued its downward trajectory on Thursday, October 30, 2025, as bearish sentiment persisted across major sectors. The All-Share Index (ASI) fell by 0.38 percent, opening at 154,260.98 and closing at 153,676.66 points,...

FG Imposes 15% Duty On Imported Petrol, Diesel To Protect Dangote Refinery, Others

October 30, (THEWILL) — The Federal Government has approved a 15 per cent ad-valorem duty on imported petrol and diesel as part of new policy measures aimed at protecting emerging local refineries, including the 650,000 barrels-per-day Dangote Refinery, and...

GTCO Posts ₦299.9bn Pre-Tax Profit In Q3 2025, Up 39% Year-on-Year

October 30, (THEWILL) — Guaranty Trust Holding Company Plc (GTCO) has reported a strong third-quarter performance for the period ended September 30, 2025, with a pre-tax profit of ₦299.9 billion, a 39 percent rise from ₦215.8 billion recorded in...