Business

UPDATED: CBN Cuts Interest Rate to 27% in Policy Adjustment

September 23, (THEWILL) — The Central Bank of Nigeria’s Monetary Policy Committee (MPC) has reduced the Monetary Policy Rate (MPR) by 50 basis points, lowering it from 27.5% to 27%. The announcement was made by CBN Governor, Olayemi Cardoso, during...

CAC Deploys AI To Tackle 7,000 Registration Backlog

September 23, (THEWILL) — The Corporate Affairs Commission (CAC) has disclosed plans to deploy Artificial Intelligence (AI) to clear about 7,000 backlog of company registration applications. Registrar-General of the CAC, Hussaini Magaji, who disclosed this at a stakeholders’ forum in...

UNGA80: Nigeria Seeks Overhaul Of Global Financial System Governing Africa’s Mineral Resources

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September 23, (THEWILL) — Nigeria has called for an overhaul of the global financial system governing Africa’s mineral resources. Speaking at the Africa Minerals Strategy Group (AMSG) roundtable on the margins of UNGA80, Vice President Kashim Shettima said African...

Nigerian Stock Market Closes Slightly Lower Amid Mixed Trading

September 22, (THEWILL) — The Nigerian stock market ended Monday’s trading session slightly lower as investors were cautious and selective in their trades. The All Share Index (ASI) opened at 141,843.35 points and closed at 141,498.22 points, down 0.24%....

UBA Plc: H1 ’25 Results Indicate Strong Balance Sheet Expansion

September 22, (THEWILL) — The robust performance of Africa’s Global Bank, United Bank for Africa (UBA) Plc, in the first-half of 2025, indicates a strong balance sheet expansion to equip it for the post-recapitalisation competition in the first quarter...

Small and Mid-Cap Stocks Lift Equities as Beta Glass, E-Tranzact Drive Growth

September 22, (THEWILL) — Nigeria’s equities market maintained its positive momentum on Friday, September 19, 2025, with small- and mid-cap stocks emerging as the key drivers of investor activity. The session closed with an improvement in turnover and volume,...

Moniepoint CEO Champions Financial Inclusion, Says Digital Economy Will Drive Growth

September 22, (THEWILL) — Moniepoint Microfinance Bank has reaffirmed its commitment to financial inclusion as the cornerstone of its business, declaring that its mission goes beyond market share to transforming lives across Nigeria and Africa. Speaking at the 2025 annual...

International Breweries: HY 2025 Report Shows Prospects for Rebound

September 21, (THEWILL) — International Breweries Plc recorded a strong financial performance in the first-half of 2025, compared to the same period in 2024, signaling improved efficiency and stability that could create a rebound for the dividend-drought firm. The company’s...

Market Capitalisation Expands 0.92% to N89.74trn as 49 Equities Gain, 41 Decline 

September 21, (THEWILL) — The Nigerian Exchange (NGX) closed the week lower in turnover compared to the previous week. Investors traded 2.735 billion shares worth ₦85.197 billion, down from 3.188 billion shares valued at ₦99.685 billion recorded the prior...

NEC Endorses NASENI’s Solar-Powered Irrigation Pumps for Nationwide Rollout

September 21, (THEWILL) — The National Agency for Science and Engineering Infrastructure (NASENI) welcomes the endorsement of its solar-powered irrigation pumps by the National Economic Council (NEC) for nationwide rollout ahead of the 2025 dry-season farming.   This landmark decision, taken...