Business

July 7 (THEWILL) — The Federal Government incurred an electricity tariff subsidy of N358.32 billion in the first quarter of 2026 as it continued to bridge the gap between cost-reflective electricity tariffs and the rates paid by consumers, according...

July 6, (THEWILL) — The Nigerian Exchange (NGX) kicked off the new trading week on a bullish note, adding ₦3.17 trillion to investors’ wealth. Market capitalisation appreciated by 2.15 percent to ₦150.271 trillion, from ₦147.102 trillion recorded at Friday’s close,...

July 6, (THEWILL) — United Bank for Africa (UBA) Plc has announced that its Group Chairman, Tony Elumelu, will retire from the Board on August 21, 2026, in line with the Central Bank of Nigeria's corporate governance guidelines on...

July 6, (THEWILL) — Dangote Cement Plc has increased its dividend payout by 50 percent, declaring a dividend of ₦45 per share for shareholders, up from ₦30 per share, translating to a total payout of about ₦753.8 billion. The dividend,...

July 6 (THEWILL) — The Federal Government on Monday convened a meeting with Dangote Refinery, the Federal Competition and Consumer Protection Commission (FCCPC), the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), and other key players in the...

July 6 (THEWILL) — The naira has maintained relative stability in 2026, supported by the Central Bank of Nigeria’s (CBN) tight monetary policy, stronger foreign exchange reserves, and improved crude oil production. After experiencing sharp volatility between 2024 and early...

July 06, (THEWILL) — The challenges of insecurity and food crisis pose significant threat to the ambitious gains of Nigeria’s tax reforms as implementation of the landmark fiscal initiative advances into the second half of the year. The Nigeria Revenue...

July 06, (THEWILL) — Nigeria's external sector posted one of its strongest starts to a year in recent history as a sharp decline in refined petroleum imports helped reduce the country's import bill, widen its trade surplus and ease...

July 06, (THEWILL) — The Bank of Industry (BOI) has launched the inaugural edition of its Annual Development Impact Report, marking a major milestone in the institution's evolution from measuring success by the volume of loans disbursed to assessing...

July 6 (THEWILL) — PZ Cussons Nigeria Plc recorded a sharp increase in profitability for the financial year ended May 31, 2026, as pre-tax profit surged 364.08 percent to N77.32 billion from N16.66 billion a year earlier, driven by...