Business

NAICOM says 43 insurance and reinsurance companies have met Nigeria's new minimum capital requirement. The Commission says the exercise marks the beginning of a stronger and more resilient insurance industry. Eight additional firms remain under regulatory review after...

World Bank Chief Economist Indermit Gill says AI can help banks and regulators allocate capital more efficiently by improving risk assessment. He argues Nigeria should prioritise predictive AI that solves practical problems instead of pursuing expensive frontier models. ...

August 03, (THEWILL) — Cadbury Nigeria's 2025 financial performance was undoubtedly impressive. Revenue rose about 31 percent to N169.84 billion, gross profit doubled, operating profit surged by over 240 percent, while the company moved from a N22.2 billion loss...

ECOWAS Parliament calls on member states to remove border bottlenecks by harmonising customs procedures, import regulations, taxation policies, and business registration requirements to ease cross-border trade. Lawmakers demand full implementation of ECOWAS trade protocols, elimination of non-tariff barriers,...

August 02, (THEWILL) — As worries increase regarding the persistent issues surrounding Nigeria's expensive inactive refineries situated in Port Harcourt, Warri, and Kaduna, the situation appears to have worsened with the advent of Dangote Refinery, which could change the...

Hakeem Belo-Osagie says buying UBA was meant to be an investment, not a lifelong banking career. He discovered the bank was effectively bankrupt weeks after the acquisition and spent years rebuilding it. The turnaround came with mass restructuring,...

Tolaram's 58.02 percent stake in Guinness Nigeria has grown from $70 million to about $355 million in just over two years. The brewer has returned to profitability after years of foreign exchange losses and balance sheet pressure. The...

NNPC's profit after tax rose 15.8 per cent to ₦535 billion in June, while revenue climbed to ₦4.39 trillion, reflecting stronger financial performance despite lower crude oil output. The national oil company remitted ₦6.29 trillion to the Federation...

Nigerian Breweries grew profit before tax by 18 percent to ₦156.3 billion in the first half of 2026 as stronger revenue and lower finance costs lifted earnings. The brewer eliminated its interest-bearing debt and returned retained earnings to...

MTN Nigeria reported a record ₦1.09 trillion profit before tax in the first half of 2026, driven by strong growth in data revenue, improved operating efficiency and lower borrowing costs. Revenue rose 25.9 percent to ₦2.99 trillion, while...