Business

NGX: Insurance, Energy Stocks Lead Broad Market Rally

October 06, (THEWILL) — The Nigerian Exchange Limited (NGX) opened the week on a strong note as investors piled into energy and insurance stocks, lifting both the market capitalisation and the All-Share Index (ASI) by 0.84 per cent on...

Nigerians To Pay Zero Fees On Instant Transfers — NIBSS

October 06, (THEWILL) — The Managing Director/Chief Executive Officer of the Nigeria Interbank Settlement System (NIBSS), Premier Oiwoh, has announced plans to eliminate transfer fees on the NIBSS Instant Payment (NIP) platform to accelerate Nigeria’s transition from a cash-heavy...

Nigeria’s Future At Risk If We Undermine Dangote, Other Local Investors – Shettima

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October 06, (THEWILL) — Vice President Kashim Shettima has warned that Nigeria’s economic future could be in jeopardy if the country continues to undermine or politicise the efforts of indigenous investors, particularly Africa’s richest man, Aliko Dangote. Speaking on Monday...

First HoldCo Shares Climb 12.3% As Q3 Optimism Fuels Investor Confidence

October 06, (THEWILL) — The shares of First HoldCo Plc rallied 12.3 percent on the Nigerian Exchange (NGX) as of September 30, 2025, setting the tone for another stellar performance in Q3 results, after the impressive record that hit...

Equities Extend Gains as ASI Rises 1.02%, Strengthen Market Sentiment

October 06, (THEWILL) — The Nigerian Exchange (NGX) recorded a shortened four-day trading week as Wednesday, October 1 was observed as a public holiday. Despite the shorter trading period, activity levels remained elevated, with total turnover of 8.403 billion...

NDIC Covers 99% Commercial Banks’ Deposits, Says  MD

October 06, (THEWILL) — The Managing Director, Nigeria Deposit Insurance Corporation (NDIC), Mr. Thompson Sunday, has said that the corporation currently provides full insurance cover for 98.98 percent of Deposit Money Banks’ total deposits. Sunday revealed this at the NDIC Special...

NCDMB Targets Crucial Skills to Boost Oil And Gas Jobs

October 06, (THEWILL) — The Nigerian Content Development and Monitoring Board (NCDMB) has identified critical skill sets to enhance capacity building, aiming to maximise job development.   The skill areas highlighted for special focus include creation in Nigeria’s oil and gas...

PENGASSAN Strike: Economy Records Over N180bn Industry Loss in 3 Days

October 05, (THEWILL) — The Nigerian economy may have suffered over N180 billion industry-specific loss in the recent strike embarked upon by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) which lasted for three days.   PENGASSAN embarked...

Equity Market Gains N33.32trn  Y-o-Y In September 2025

October 05, (THEWILL) — The Nigerian equities market recorded a notably stronger performance in September 2025 compared with the same period in 2024, driven by increased trading activity and sectoral leadership showing from the financial services group. A study of...

Nigeria Launches Excellence in Tax Reform Reporting Award for Journalists, Influencers

October 05, (THEWILL) — The Presidential Fiscal Policy and Tax Reforms Committee has unveiled the Excellence in Tax Reform Reporting Award, a landmark initiative to recognise and reward journalists and online influencers who provide balanced, accurate, and impactful reporting...