Business

June 18 (THEWILL) — The Central Bank of Nigeria (CBN) allotted ₦1.49 trillion at its June 17 Treasury Bills (NTB) primary market auction, raising stop rates across all three maturities as investors sought higher yields amid persistent inflationary pressures.       Auction...

June 18 (THEWILL) — Cornerstone Insurance Plc has released its audited financial results for the year ended December 31, 2025, reporting a pre-tax profit of ₦8.73 billion, down from ₦28.62 billion recorded in 2024. The 69 percent year-on-year decline came...

June 18 (THEWILL) — MTN Group President and Chief Executive Officer, Ralph Mupita, has warned against growing calls in parts of Africa to boycott pan-African businesses, saying such actions could harm youth employment, digital transformation, and the continent’s economic...

June 18, (THEWILL) — The Federation Allocation Account Committee (FAAC), has shared a total sum of N2.3 trillion to the Federal Government, States, and Local Government Councils as May 2026 Federation Account Revenue. A statement signed by the Director, Press and...

June 17, (THEWILL) — Nigeria’s sweeping economic reforms have delivered stronger growth, lower inflation, and improved external reserves, but millions of Nigerians continue to grapple with worsening hardship, according to the International Monetary Fund (IMF). In its latest Article IV...

June 17, (THEWILL) — Nigeria’s equities market closed lower on Wednesday as sustained sell pressure across major counters extended the market’s losing streak, dragging both the benchmark index and market capitalisation further into negative territory. The market capitalisation declined by...

June 17, (THEWILL) — The Nigerian Council of Registered Insurance Brokers (NCRIB) has said Nigeria’s insurance penetration rate could increase significantly if pension assets currently managed by the National Pension Commission (PenCom) are brought back into the insurance ecosystem. Speaking...

June 17, (THEWILL) — The Central Bank of Nigeria (CBN) has unveiled sweeping regulatory measures requiring banks, fintechs and other payment service providers to disclose their ultimate beneficial owners, localise payments transaction data, and comply with new market share...

June 17, (THEWILL) — Nigeria’s external reserves increased by more than $1 billion in the first half of June 2026, extending the gains recorded in May and strengthening the country’s foreign exchange buffers. Data from the Central Bank of Nigeria...

June 17, (THEWILL) — Sterling Financial Holdings Company Plc has secured shareholder approval to raise $400 million in fresh capital as it seeks to strengthen its capital base and expand its operations across Nigeria’s financial services sector. The approval was...