Business

Transcorp Records N413.4bn Revenue In Q3 2025, Sustains Strong Growth Across Business Lines

October 27, (THEWILL) — Transnational Corporation Plc (Transcorp Group), one of Africa’s foremost listed conglomerates, has reported a robust financial performance for the third quarter of 2025, reflecting its resilience, innovation, and strategic diversification across multiple sectors. According to its...

CBN Tightens Dollar Supply, Squeezes Bureau de Change Operators

October 27, (THEWILL) — Currency dealers across Nigeria’s Bureau de Change (BDC) network are facing mounting pressure as the Central Bank of Nigeria (CBN) reduces U.S. dollar allocations — a move that has drained market liquidity and raised...

Nigerian Breweries Battles Rising Costs, Records Post-Tax Profit of N85.5bn

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May Not Pay Dividend for Second Year October 27, (THEWILL) — Nigerian Breweries Plc has posted a profit after tax (PAT) of N85.5 billion for the nine months ended September 30, 2025, sharp rebound from a N149.5 billion loss recorded...

FATF Grey List Exit to Boost Investor Confidence, Ease Access to Global Finance — CBN

October 27, (THEWILL) — The Central Bank of Nigeria (CBN) says Nigeria’s removal from the Financial Action Task Force (FATF) grey list will enhance investor confidence, ease access to global finance, and strengthen the credibility of the country’s...

UBA’s Whitepaper to Boost Digital Economy, Financial Inclusion Amid Recapitalisation Drive

October 26, (THEWILL) — Africa’s Global Bank, United Bank for Africa (UBA) Plc recently launched the ground-braking Whitepaper initiative – a strategic project that has, again, shot the Tier-1 financial services institution into global limelight. By this strategic action...

Equities Market Extends Rally as ASI Gains 4.48% to Close Week Strong

October 26, (THEWILL) — The Nigerian equities market closed the week on a bullish note, maintaining its upward trajectory as investors rotated funds into fundamentally sound stocks. The All-Share Index (ASI) advanced by 4.48 percent, rising from 148,977.64 points...

Nigeria’s Pension Assets Climbs Over N25trn – PenCom DG

October 26, (THEWILL) — Nigeria’s pension assets have grown over N25 trillion, fueling national development through strategic investments, the Director General of the National Pension Commission (PenCom), Ms. Omolola Oloworaran has said.   Oloworaran disclosed this on Friday (October 24) at...

Okomu Oil Grows Q3 Pretax Profit 49% to ₦17bn

October 26, (THEWILL) — Okomu Oil Palm Company Plc has reported a 49 percent year-on-year growth in its profit before tax (PBT) for the third quarter of 2025, reaching ₦17.05 billion compared to ₦11.41 billion in the same period...

Aliko Dangote Becomes First African to Hit $30bn Mark

October 26, (THEWILL) — Africa’s wealthiest individual, Aliko Dangote has reached a $30 billion net worth as of October 23, 2025, according to Bloomberg’s Billionaire Index. This milestone reflects a $2.16 billion year-to-date increase in his fortune, with a recent...

Access Holdings Reports N2.5trn Gross Earnings In H1 2025

October 25, (THEWILL) — Access Holdings Plc has announced its half-year audited financial results for the period ended June 30, 2025. The Group’s financial results for the half year ended June 30, 2025, reflect the resilience of our...