Business

NCR Nigeria Appoints Oluwatoyin Saraki To Board As Non-Executive Director

June 15, (THEWILL) — NCR Nigeria Plc has announced the appointment of Mrs Oluwatoyin Saraki as a Non-Executive Director, strengthening the company’s board as it builds on its recent financial recovery and growth momentum. The appointment was disclosed in a...

Nigeria Records $6.51bn Oil Windfall As Output Beats OPEC Quota

June 15, (THEWILL) — Nigeria recorded an estimated $17.78 billion in gross crude oil revenue between February and May 2026, generating a net windfall of $6.51 billion (about ₦9.77 trillion) above the Federal Government’s 2026 budget benchmark oil price...

Wema Bank Accumulates N221.35m in Multiple Penalties over Regulatory Violations

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June 15, (THEWILL) — Wema Bank Plc has demonstrated a persistent pattern of regulatory violations over the past five years, placing it among organisations that operate within a culture of subtle corporate deviation. An examination of the bank's financial statements...

Manufacturing Sector Delivers ₦329.6bn VAT Revenue In Q1 2026 Despite GDP Share Dip

June 15, (THEWILL) — Nigeria’s manufacturing sector generated ₦329.59 billion in Value Added Tax (VAT) revenue in the first quarter of 2026, reinforcing its position as one of the country’s most significant sources of non-oil tax revenue despite a...

Naira Sustain Recovery on 3rd Anniversary of Forex Reform

June 14, (THEWILL) — The Nigerian naira has sustained its recovery following a steep decline in value as the foreign exchange reform initiated in 2023 reached its third anniversary on June 14, 2026.The Central Bank of Nigeria (CBN) announced...

Access Holdings Emphasises Sustainable Growth, Balance Sheet Strength at 4th AGM

June 14, (THEWILL) — Access Holdings Plc used its 4th Annual General Meeting in Lagos on June 11, 2026 to reinforce a shift from aggressive expansion to disciplined value creation, telling shareholders that future growth will be measured by...

United Capital Expands into East Africa, Secures Licence to Operate in Rwanda, Ethiopia

June 14, (THEWILL) — United Capital, a leading pan-African investment banking and financial services group, has achieved a major milestone in its continental expansion strategy with the successful acquisition of investment banking licences in Ethiopia and Rwanda. With these approvals,...

Xpress Payments Gears up for Grand 10th Anniversary Celebration

June 14, (THEWILL) — Leading payment technology company, Xpress Payment Solutions Limited (Xpress Payments), has announced a series of high-profile events to celebrate its 10th anniversary. The company, which commenced operations in 2016, continues to play a significant role in...

$10.37bn Inflows, Fewer Jobs: Why Nigeria’s Capital Surge Bypasses Labour Market

June 14, (THEWILL) — Nigeria attracted a record $10.37 billion in foreign capital during the first quarter of 2026, nearly doubling inflows recorded a year earlier. Yet, despite the surge, the country’s labour market remains largely unchanged, exposing a...

Elon Musk Becomes World’s First Trillionaire After Record SpaceX IPO

June 12 (THEWILL) — Elon Musk has become the first person in history to achieve a paper net worth exceeding $1 trillion following the blockbuster initial public offering of SpaceX, which has propelled the aerospace company into the...