Business

June 12, (THEWILL) — Nigeria generated N2.42 trillion in Value Added Tax (VAT) revenue in the first quarter of 2026, marking a 17.06 percent increase from the N2.07 trillion recorded in the corresponding period of 2025, according to the...

June 12 (THEWILL) — The Central Bank of Nigeria (CBN) has released a draft of revised guidelines for the licensing and regulation of Financial Holding Companies (FHCs), seeking comments and recommendations from banks, financial institutions, industry stakeholders, and members...

June 11 (THEWILL) — Nigeria has recorded a significant milestone in its oil industry recovery efforts, with crude oil production rising to 1.53 million barrels per day (mbpd) in May 2026, surpassing the country's production quota allocated by the...

June 11 (THEWILL) — The Nigerian stock market closed lower on Thursday, as persistent profit-taking in select equities offset gains recorded in several counters, leaving the benchmark index and market capitalisation in negative territory. Market capitalisation declined by ₦73...

June 11 (THEWILL) — The Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, has formally received the prestigious Central Bank of the Year Award at the Central Banking Awards ceremony held in London, describing the recognition as a reflection...

June 11 (THEWILL) — Access Holdings Plc has appointed Abiodun Adigun as the Managing Director and Chief Executive Officer of Oxygen X Finance Company Limited, its digital lending subsidiary, in a move to accelerate financial inclusion and strengthen the...

June 11 (THEWILL) — The National Information Technology Development Agency (NITDA) has entered into a strategic partnership with the Development Agenda for Western Nigeria (DAWN) Commission to accelerate digital transformation, expand technology infrastructure, and boost digital skills development across...

June 11 (THEWILL) — The Federal Government of Nigeria has raised N4.678 billion through its June 2026 Savings Bond issuance, signalling growing retail investor interest in government-backed fixed-income securities. According to allotment results released by the Debt Management Office (DMO)...

June 11, (THEWILL) — The Nigerian naira traded with relative stability against the United States dollar on Thursday, June 11, 2026, across both the official Nigerian Foreign Exchange Market (NFEM) and the parallel market, as improved liquidity conditions continued...

June 11, (THEWILL) — The Dangote Petroleum Refinery has been valued at approximately $39.1 billion as it moves to raise fresh capital from investors through a private placement expected to generate about $1 billion. According to an Information Memorandum seen...