Business

Nigerian Equities Market Gains 1.50% As Capitalisation Hits N97.59tn

October 22, (THEWILL) — The Nigerian equities market closed on a strong note on Wednesday, October 22, gaining 1.50 percent amid renewed investor confidence in select consumer goods, industrial, and real estate stocks. The All-Share Index rose from 151,456.91 points...

Transcorp Hotels Sustains Growth Momentum With 49% Jump In Q3 Revenue

October 22, (THEWILL) — Transcorp Hotels Plc has reported a strong third-quarter (Q3) performance for 2025, posting a profit before tax (PBT) of N22.4 billion, up from N14.8 billion in the same period of 2024, a growth of roughly...

CBN Interventions Keep Naira Stable Amid 32.9% FX Inflow Slump

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October 22, (THEWILL) — The Nigerian naira climbed modestly this week, signalling a sign of market resilience even as foreign-exchange (FX) inflows collapsed by 32.9% year-on-week, a stark reminder of the dual pressures the currency now faces. Data from the...

Equities Market Edges Higher As Capitalisation Rises To N96.13tn

October 22, (THEWILL) — The Nigerian equities market closed on a positive note on Tuesday, October 21, as renewed investor interest in consumer goods and industrial stocks lifted overall performance. The All-Share Index advanced from 149,940.81 points to 151,456.91...

Coca-Cola HBC Expands African Presence With $2.6bn CCBA Acquisition

October 21, (THEWILL) — Coca-Cola HBC AG (Coca-Cola Hellenic Bottling Company) has announced a $2.6 billion deal to acquire a 75% controlling stake in Coca-Cola Beverages Africa (CCBA), significantly expanding its footprint across the African continent. The acquisition involves...

Tinubu Approves N250,000 Grant For Outstanding MSMEs

October 21, (THEWILL) — President Bola Tinubu has approved an unconditional grant of N250,000 for each outstanding Micro, Small, and Medium Enterprise (MSME) exhibiting at the Expanded National MSME Clinic in Katsina State. Vice President Kashim Shettima announced the grant...

RMAFC, FIRS Partner For Revenue Recovery Exercise

October 21, (THEWILL) — The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) and Federal Inland Revenue Service (FIRS) have inaugurated a firm, Engaged Consultants for Revenue Recovery Exercise, to boost the Federation Account. Speaking at the inauguration ceremony in...

FG Unveils 2nd Phase Of Jubilee Fellow Programme, Targets 20,000 Jobs Annually

October 21, (THEWILL) — The Federal Government will, on Wednesday, October 22, flag-off the second phase of the Nigeria Jubilee Fellows Programme (NJFP 2.0), targeting the creation of at least 20,000 jobs annually. The initiative, spearhead by Vice...

Nigerian Equities Close Higher Amid Mixed Investor Sentiment

October 20, (THEWILL) — The Nigerian equities market closed higher on Monday, October 20, 2025, as renewed buying interest in select blue-chip stocks lifted the benchmark index despite a balanced market breadth. The All-Share Index (ASI) gained 0.65 percent to...

H1 2025: Manufacturing Firms Record Sharp Decline in Finance Costs Amid FY Prospects

October 20, (THEWILL) — A review of 10 major manufacturing firms’ half-year (H1) 2025 financials reveals a widespread decline in reported finance costs compared to H1 2024. Firms that once bore heavy borrowing burdens are now reporting lower interest...