Business

First HoldCo on Tear: Shares Soar 46% in Four Days as Investors Chase Banking Giant

First HoldCo has recorded one of the strongest rallies on the Nigerian Exchange this year, surging 46 percent in four consecutive trading sessions before extending its gains to ₦105.50 per share. The remarkable rally has been fuelled by...

Recapitalisation: Analysts Commend FCMB’s Fiscal Turnaround

Say FY2025 Earnings Most Impactful in Company’s Recent History July 20, (THEWILL) — FCMB Group Plc has entered what financial analysts describe as one of the most decisive phases in its corporate history, following a remarkable turnaround in its...

Africa Targets $3bn Investment to Transform Livestock Industry

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African governments, development partners and private investors are seeking to mobilise up to $3 billion over the next five years to commercialise the continent's pastoral livestock industry. The initiative aims to connect millions of pastoralists to formal markets,...

Nigeria’s Reform Gains Lift Capital Inflows to $10.37bn, Yet Long-Term Investment Trails

July 20, (THEWILL) — Three years after the Federal Government embarked on Nigeria’s remarkably far-reaching economic reforms in decades, the country’s investment profile is beginning to change. Foreign capital importation surged to $10.37 billion in the first quarter of...

NRS Gives Large Taxpayers Until July 31 to Adopt E-Invoicing

The Nigeria Revenue Service has given companies with an annual turnover of ₦5 billion and above until July 31 to fully adopt its national e-invoicing platform or risk regulatory sanctions. The agency says it has already begun monitoring...

Despite New Tax Regime, States, LGs Sustain Illegal Levies on Logistics, Courier Firms

July 19, (THEWILL) — Despite the tax reform framework in Nigeria and the associated laws, the initiative has not delivered the expected relief to the business environment, consequently compromising the operational landscape to the detriment of logistics and courier...

Banking Stocks Anchor NGX as First Holdco Leads Weekly Rally Despite Softer Trading Activity

July 19, (THEWILL) — Nigeria’s equities market closed the week on a mixed note as sustained buying interest in banking stocks lifted market capitalisation, while the benchmark index posted a marginal decline amid profit-taking in selected industrial and consumer...

NCDMB, Heritage Energy, Graduate 14 on Back of Installation, Commissioning of Gas Lift Compressor Unit

July 19, (THEWILL) — The Nigerian Content Development and Monitoring Board (NCDMB), Heritage Energy Operational Services (HEOS), and DBN Energies on Wednesday in Port Harcourt graduated 14 young engineers and geologists under the Nigerian Content Human Capital Development (NC-HCD)...

Our Transition to HBM Nigeria Plc Marks a New Era of Growth — Alade-Akinyemi

July 19, (THEWILL) — HBM Nigeria Plc, formerly Lafarge Africa Plc, says its transition to a new corporate identity marks a new phase in its growth journey and strengthens its commitment to long-term competitiveness and advancement of Nigeria’s infrastructure....

CBN’s Microfinance Crackdown: What 46 Licence Revocations Mean for Financial Inclusion

July 19, (THEWILL) — The Central Bank of Nigeria's decision to revoke the licences of 46 microfinance banks represents more than another round of regulatory enforcement. It signals a structural shift within Nigeria's financial system, where smaller community lenders...