Business

Equities Market Extends Gains As ASI Rises 0.41% On Renewed Buying Interest

October 16, (THEWILL) — The Nigerian Exchange (NGX) sustained its positive momentum on Thursday, October 16, 2025, as renewed buying interest in select large and mid-cap stocks lifted the market further into the green. The All-Share Index (ASI) rose by...

Global Public Debt Set To Top 100% Of GDP By 2029 – IMF Warns

October 15, (THEWILL) — The International Monetary Fund (IMF) has raised a fresh alarm about the trajectory of global public debt, projecting that aggregate government borrowing will exceed 100% of world GDP by 2029 — the highest level since...

IMF Upgrades Nigeria’s 2025 Growth Forecast to 3.9%, 4.2% in 2026

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October 15, (THEWILL) — The International Monetary Fund (IMF) has raised Nigeria’s economic growth outlook, projecting a 3.9 percent expansion in 2025 and 4.2 percent in 2026, an upward revision from its July forecast of 3.4 percent. The new projections...

Equities Market Declines Marginally As Profit-Taking Persists Across Key Sectors

October 14, (THEWILL) — The Nigerian equities market closed marginally lower on Tuesday, October 14, extending its cautious start to the week as investors continued to take profits in bellwether stocks. The market capitalisation dipped slightly from (N93,760,552,885,650.41) to...

Elumelu Urges Shift for National Good, Says Africa Must Become Partner, Not Charity

October 14, (THEWILL) — Nigeria’s foremost banker and philanthropist, Tony Elumelu, has said Africa’s sustainable development will only come from investment and shared prosperity, not dependency on foreign aid. Elumelu, who chairs Heirs Holdings and the United Bank for...

Zenith Bank Interim Dividend Underscores Market Leadership, Strengthens Investor Confidence

October 14, (THEWILL) — Zenith Bank Plc has reaffirmed its dominance in Nigeria’s financial sector with a ₦51.3bn interim dividend payout for the first half of 2025 — a move that signals resilience in a year marked by tighter...

Nigeria Secures $2bn Shell Offshore Gas Investment — Second Major FID in 18 Months

October 14, (THEWILL) — Nigeria has achieved another milestone in its energy sector as Shell Petroleum Development Company announced a $2 billion Final Investment Decision (FID) for the development of the HI offshore gas field located in Oil Mining...

Equities Market Opens Week Bullish As ASI, Market Cap Advances 0.50%

October 13, (THEWILL) — The Nigerian equities market kicked off the week on a positive note as investors maintained a cautiously optimistic outlook on the bourse. The session closed bullish with both the All-Share Index (ASI) and market capitalisation...

Nigeria’s Economy Must Stabilise Before Sustained Growth – Cardoso

October 13, (THEWILL) — The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has reaffirmed that restoring economic stability remains the apex bank’s top priority before pursuing long-term growth. Speaking at a policy dialogue hosted by the London...

Failed ATM Transactions: FCCPC Hails CBN’s 48-Hour Refund Policy, Says Initiative Big Relief For Bank Customers

October 13, (THEWILL) — The Federal Competition and Consumer Protection Commission (FCCPC) has commended the Central Bank of Nigeria (CBN) for proposing a 48-hour refund policy for failed Automated Teller Machine (ATM) transactions, describing it as a major relief...