Business

August 09, (THEWILL) — After surviving the rigorous recapitalisation exercise imposed by the National Insurance Commission (NAICOM), Guinea Insurance Plc has earned a new lease of life. Yet for thousands of shareholders, the company's regulatory victory has done little...

The Nigerian Exchange Limited will introduce a revised equity pricing methodology from August 17, requiring trades to meet minimum volume thresholds before they can trigger a published share-price movement. The new thresholds will vary according to a stock’s...

Glo turns 23 with Mike Adenuga still in full control.  MTN Nigeria and Airtel Africa went public in 2019.  Glo challenged the market with cheaper calls and SIMs.  Its Glo-1 cable helped expand Nigeria’s internet capacity.  August 08, (THEWILL)...

Tesla and SpaceX are putting $16.8bn into a massive chip factory in Texas. Terafab could eventually cost $119bn as construction expands in phases. Tesla plans to use its chips for Optimus robots and autonomous vehicles. SpaceX wants the...

Femi Otedola has increased his stake in First HoldCo Plc after acquiring an additional 138.04 million shares valued at about ₦18.11 billion. The latest purchase takes his holding in the financial services group from 25.8 percent to 26.1...

Nigeria accounted for the largest share of Grenada citizenship applications in Q4 2025. A Grenada passport can cost a family at least $235,000. Nigerians face limited visa-free access and high Schengen refusal rates. The EU has given five...

Nigerian equities market added ₦235 billion on Friday as the NGX All-Share Index rose 0.15 percent, extending its recovery despite mixed trading activity. Investors remained selective, with UPDC, CWG and MANSARD among the session’s biggest gainers, while Red...

The Bank of Industry has opened subscriptions for a ₦250bn five-year fixed-rate bond to raise long-term funding for businesses across key sectors of the Nigerian economy. The bond, which offers a yield of between 17.35% and 17.50%, will...

Delta, Bayelsa and Akwa Ibom shared N242.63 billion in the first quarter, accounting for about 75.4 percent of the N321.90 billion derivation funds distributed to Nigeria’s 11 oil-producing states. Delta emerged as the biggest beneficiary with N101.60 billion,...

Dangote Refinery is targeting a $5bn IPO in Nigeria. Johannesburg wants the refinery on its exchange next. Kenya could also feature in the wider fundraising plan. Dangote wants Africans to own part of the business. August 07, (THEWILL) —...