Business

July 01 (THEWILL) — A capital market expert and investment analyst, David Adonri, has explained the significant downturn in the Nigerian Capital Market observed at the conclusion of the second quarter of 2026 - which witnessed substantial asset offloading,...

July 1 (THEWILL) — Nigeria’s equities market entered the second quarter of 2026 on the back of one of its strongest rallies in nearly two decades. By May, the Nigerian Exchange (NGX) had pushed the benchmark All-Share Index (ASI)...

July 01, (THEWILL) — The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 Microfinance Banks (MFBs) across the country, citing their failure to meet key regulatory requirements for continued operation. The apex bank announced that the...

July 1 (THEWILL) — The Tony Elumelu Foundation (TEF) says businesses supported through its flagship entrepreneurship programme have generated more than $4.2 billion in revenue, underscoring the growing contribution of African entrepreneurs to economic growth and job creation across...

July 1 (THEWILL) — The World Bank has approved a $1.25 billion Development Policy Financing (DPF) loan for Nigeria as part of a new six-year partnership framework to accelerate private sector-led growth, create jobs, and support key economic reforms. The...

July 1 (THEWILL) — The Federal Government has set a target of generating ₦2.5 trillion in independent revenue in 2026 as part of efforts to improve fiscal discipline, curb revenue leakages and strengthen non-oil revenue generation. The Acting Executive Chairman...

July 1 (THEWILL) — The World Bank will gradually phase out lending to China by 2031, marking a significant shift in its relationship with the world's second-largest economy as Beijing's economic development reduces its need for financial support. According to...

June 30 (THEWILL) — The Nigerian Exchange (NGX) rebounded on Tuesday as renewed buying interest in blue-chip and consumer stocks lifted market capitalisation by ₦653 billion. Market capitalisation rose from ₦146.564 trillion at the opening of trading to ₦147.217 trillion...

June 30 (THEWILL) — African airlines recorded an 8.9 percent year-on-year increase in international passenger demand in May 2026, outperforming most global regions despite a broader slowdown in global air travel triggered by the conflict in the Middle East. The...

June 30 (THEWILL) — Global index provider FTSE Russell has placed Nigeria's planned reclassification to Frontier Market status under further review, citing concerns over the country's recent transition to a T+1 securities settlement cycle. The decision, announced on Tuesday, delays...