Business

June 5 (THEWILL) — The Nigerian Exchange (NGX) ended Friday’s trading session on a positive note as renewed buying interest across key counters lifted the market higher, with gainers significantly outpacing losers. Market capitalisation advanced by ₦234 billion to close...

June 5 (THEWILL) — Hybrid Motors Nigeria has secured approximately $95 million in investment commitments to establish electric vehicle (EV) manufacturing plants in Lagos and Abuja and deploy a network of mega charging stations, marking one of the largest...

June 5 (THEWILL) — Nigeria’s insurance industry could be on the cusp of a major digital transformation, with Insurtech-driven innovations expected to significantly expand insurance access and adoption across the country’s population of more than 200 million people by...

June 5 (THEWILL) — The naira strengthened further against the United States dollar on Thursday, closing below the ₦1,360/$ mark for the first time in four weeks amid rising external reserves and sustained foreign exchange reforms by the Central...

June 04, (THEWILL) — Dangote Petroleum Refinery & Petrochemicals has increased its crude oil processing capacity to 700,000 barrels per day (bpd) in a performance test conducted by the Process Licensors, marking a significant milestone in the facility's operational...

June 04, (THEWILL) — The Nigerian equities market closed lower on Thursday as persistent selling pressure outweighed bargain hunting in selected stocks, dragging key performance indicators further into negative territory. Market capitalisation declined by ₦580 billion, falling from ₦155.939 trillion...

June 04, (THEWILL) — The Central Bank of Nigeria (CBN) has increased the maximum foreign exchange remittance for tuition payments by Nigerian students studying abroad to $25,000 per semester, up from the previous cap of $15,000. The adjustment is contained...

June 4 (THEWILL) — The Nigerian Electricity Regulatory Commission (NERC) has approved a special compensation package for eligible Band A customers affected by electricity supply shortfalls between February and March 2026, following generation constraints that disrupted service delivery across...

June 04, (THEWILL) — Nigeria’s manufacturing sector recorded a sharp decline in foreign capital inflows in Q1 2026, even as total capital importation into Nigeria surged to its strongest level in recent periods. Data released by the National Bureau of...

June 4 (THEWILL) — The Central Bank of Nigeria (CBN) raised ₦1.457 trillion at its June 3 Treasury Bills (NTB) auction after increasing stop rates across all tenors, despite attracting subscriptions more than double the amount offered. Auction results released...