Business

UPDATED: FG’s Anti-Money Laundering Strategy Gains Global Recognition as FATF Delists Nigeria from Grey List

October 24, (THEWILL) — Nigeria has achieved a major milestone in its fight against money laundering, terrorism financing, and proliferation financing following its official removal from the grey list of the Financial Action Task Force (FATF). FATF President, Elisa de...

Equities Market Sustains Uptrend As ASI Climbs 0.75 Percent

October 24, (THEWILL) — The Nigerian Exchange (NGX) extended its bullish momentum on Friday, October 24, 2025, as renewed interest in mid- and large-cap stocks lifted key market indicators for the third consecutive session. The All-Share Index (ASI) advanced...

Nigerian T-Bills, Bond Yields Decline Across Maturities as Demand Strengthens

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October 22, (THEWILL) — Yields on Nigerian Treasury bills and Federal Government bonds fell across most maturities last week, reflecting renewed investor demand and improved liquidity in the fixed-income market. The decline follows a period of cautious trading, as investors...

Rising Borrowing Pushes Nigeria’s 2024 Fiscal Deficit to ₦13.5tn

October 24, (THEWILL) — Nigeria’s fiscal deficit widened sharply in 2024, reaching ₦13.5tn, according to data from the Budget Office, underscoring the deepening gap between government revenue and expenditure. The surge was driven by rising recurrent spending, soaring debt-service obligations,...

Sales Surge Lifts Guinness Nigeria To ₦15.8bn Q3 Profit, 315% Jump YoY

October 24, (THEWILL) — Guinness Nigeria Plc reported a robust rebound in its third-quarter (Q3) 2025 performance, posting a ₦15.8 billion profit before tax (PBT) a 315.4% jump compared to the same period in 2024. The result marks one...

Equities Market Rises By 0.49% As Investors Sustain Selective Buying

October 23, (THEWILL) — The Nigerian Exchange Limited (NGX) sustained its bullish momentum on Thursday, October 23, 2025, as renewed interest in medium- and large-cap stocks lifted key performance indicators. The All-Share Index (ASI) climbed by 0.49 per cent to...

Lafarge Africa Records N780.48bn Revenue Growth In 9M 2025

October 23, (THEWILL) — Lafarge Africa Plc, a leading innovative and sustainable building solutions company and manufacturer of a range of cement brands, recorded sales revenue of N780.48 billion for the 2025 9M period, a growth of 63% when...

Nigeria Unveils Federal Treasury Receipt To Plug Revenue Leakages, Boost Transparency

October 23, (THEWILL) — The Federal Government has unveiled a new payment verification and collection system known as the Federal Treasury Receipt (FTR), a major step aimed at curbing revenue leakages, improving accountability, and strengthening public financial management across...

Aliko Dangote To Sell 10% Stake In Refinery on NGX by 2026

October 23, (THEWILL) — The founder of Dangote Group, Alhaji Aliko Dangote has said that the Dangote Petroleum Refinery plans to sell 5 percent to 10 percent of its stake on the Nigerian Exchange (NGX) Limited within the next...

Only 23% of Rural Communities Have Internet Access in Nigeria – NCC

October 23, (THEWILL) — The Nigerian Communications Commission (NCC) has revealed that only 23 percent of rural communities in Nigeria currently have access to the internet, compared to 57 percent in urban areas — a gap the Commission says...