Business

June 09, (THEWILL) — The International Monetary Fund (IMF) has expressed concerns over Nigeria’s proposed $5 billion borrowing arrangement with First Abu Dhabi Bank, warning that the financing structure could expose the country to fiscal risks due to limited...

June 09, (THEWILL) — The Nigerian equities market sustained its positive momentum on Tuesday as gains in large-cap stocks, particularly Airtel Africa, lifted key market indicators despite a mixed breadth performance. Market capitalisation advanced by ₦835 billion to close at...

June 09, (THEWILL) — Despite signs of improving macroeconomic stability, the International Monetary Fund (IMF) says many Nigerians continue to face significant economic hardship as high prices and cost-of-living pressures weigh on households. In its latest assessment of the Nigerian...

June 09, (THEWILL) — Seplat Energy Plc has announced a major leadership transition, which will see renowned investor and business leader, Tony Elumelu, assume the role of Chairman from January 1, 2027, while veteran oil and gas executive Effiong...

June 09, (THEWILL) — Guinea Insurance Plc has deposited N1.5 billion with the Central Bank of Nigeria (CBN) in compliance with the statutory requirements of the Nigerian Insurance Industry Reform Act (NIIRA) 2025, marking a significant milestone in...

June 9 (THEWILL) — The Debt Management Office (DMO) has increased its Nigerian Treasury Bills (NTB) issuance programme for the second quarter of 2026 to N4.8 trillion, up from the original N3.95 trillion planned for the period. An analysis of...

June 9 (THEWILL) — Nigeria’s expenditure on petrol imports fell sharply to N87.40 billion in the first quarter of 2026, down from N2.27 trillion recorded in the corresponding period of 2025, according to data from the National Bureau of...

June 9 (THEWILL) — MTN Nigeria has defended the recent increase in telecom tariffs, saying the adjustment was critical to the survival of both the company and the wider telecommunications industry, while unveiling plans to invest more than N1tn...

June 8 (THEWILL) — The Nigerian Exchange (NGX) reversed part of last week’s losses on Monday, as gains in selected stocks lifted market capitalisation by ₦515 billion, despite a closely contested market breadth. Market capitalisation rose from ₦155.593 trillion to...

June 8 (THEWILL) — Nigeria’s total merchandise trade rose to ₦34.79 trillion in the first quarter of 2026, supported by stronger export earnings and a sharp contraction in imports, according to the latest Foreign Trade Statistics report released by...