Business

July 8 (THEWILL) — Average annual rent for a two-bedroom apartment in Lekki Phase 1 has climbed to ₦10 million, making it the fastest-growing residential rental market among Lagos Island's prime neighbourhoods over the past five years. This is according...

July 8 (THEWILL) — Shareholders of FCMB Group Plc have approved a total dividend payout of ₦23.08 billion for the 2025 financial year, following the company's strong earnings performance and sustained growth across its business segments. The approval was granted...

July 8 (THEWILL) — Galaxy Backbone (GBB) is stepping up efforts to position itself as a key digital infrastructure provider for banks, fintechs and other financial institutions as the Central Bank of Nigeria (CBN) moves to enforce the local...

July 8 (THEWILL) — The Nigerian National Petroleum Company (NNPC) Limited says it saved $3.4 billion through contract restructuring and optimisation between April 2025 and July 2026, while remitting N19.5 trillion to the Federation Account during the same period. Group...

July 07, (THEWILL) — The Nigerian Exchange (NGX) sustained its bullish momentum on Tuesday, adding ₦1.86 trillion to investors’ wealth. Market capitalisation appreciated by 1.24 percent to ₦152.135 trillion, from ₦150.271 trillion recorded at Monday’s close, while the benchmark All-Share...

July 07, (THEWILL) — China is considering restricting overseas access to its most advanced artificial intelligence (AI) models, in a move that underscores Beijing's growing view of AI as a strategic national security asset. According to Reuters, Chinese authorities have...

July 07, (THEWILL) — With several days to the insurance recapitalisation deadline of July 31st 2026, the National Insurance Commission, NAICOM, has disclosed that it will not re-license any company with outstanding claims. In a letter to all...

July 07, (THEWILL) — The Federal Government has directed key digital sector regulators to suspend the implementation and enforcement of new regulations affecting internet platforms and other cross-cutting digital economy issues, pending the completion of a policy harmonisation...

July 7 (THEWILL) — The Debt Management Office (DMO) has opened subscriptions for the July 2026 Federal Government of Nigeria (FGN) Savings Bond, offering investors annual returns of up to 15.716 percent, the highest rate since the beginning of...

July 7 (THEWILL) — The National Insurance Commission (NAICOM) has directed insurance companies to settle all outstanding discharged claims before the conclusion of the ongoing recapitalisation exercise, warning that firms that fail to comply will not be re-licensed. The directive...