Business

Food Prices Ease As Garri, Beans Record Sharp Declines In April

June 02, (THEWILL) — Prices of key food staples fell significantly in April 2026, offering consumers some relief from persistent cost-of-living pressures as food inflation continued to moderate across Nigeria. Data from the National Bureau of Statistics (NBS) showed that...

Zedcrest Bets On Africa’s Capital Boom, Launches Investment Banking Arm To Drive Big-Ticket Deals

June 02, (THEWILL) — Zedcrest has expanded its footprint in Africa’s financial services industry with the launch of a dedicated investment banking business, positioning itself to tap growing demand for capital raising, infrastructure financing, mergers and acquisitions, and strategic...

Akwa Ibom Seeks Investors For Waste-To-Wealth Initiative, Says TSA Has Boosted State IGR

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June 02, (THEWILL) — Akwa Ibom State Governor, Pastor Umo Eno, has disclosed plans by the State Government to attract investors into the waste management sector as part of efforts to convert waste into wealth, create jobs and...

Supreme Court Clears Path For Landmark Unity–Providus Bank Merger

June 02, (THEWILL) — The Supreme Court has cleared the final legal hurdle to the merger between Unity Bank Plc and Providus Bank Limited, paving the way for the creation of a new banking institution with a nationwide footprint...

Dangote Extends Dominance, Retains Africa’s Most Admired Brand Title For Eighth Straight Year

June 02, (THEWILL) — Dangote Industries Limited (DIL) has reinforced its position as one of Africa’s most influential corporate brands after emerging as Africa’s Most Admired Brand for the eighth consecutive year in the latest Brand Africa 100 rankings. The...

Nigeria Makes History as First African Market to Adopt T+1 Settlement, Boosting Investor Confidence

June 1 (THEWILL) — Nigeria’s capital market has recorded a major milestone in its drive for greater efficiency and global competitiveness, becoming the first market in Africa to transition to a T+1 settlement cycle, a move expected to improve...

Supreme Court Nullifies Asset Freeze on Nestoil, Neconde in Major Legal Victory

June 1 (THEWILL) — The Supreme Court on Monday overturned a Court of Appeal order that froze the assets of Neconde Energy Limited, Nestoil Limited and two other entities over an alleged $1.1 billion debt dispute involving FBNQuest Merchant...

Market Loses ₦1.81tn as BUA Cement Leads Broad-Based Selloff

June 1 (THEWILL) — The Nigerian equities market reversed previous gains on Monday as renewed profit-taking in large-cap stocks, particularly BUA Cement, dragged key performance indicators lower. Market capitalisation declined by ₦1.811 trillion to close at ₦158.697 trillion from ₦160.508...

CBN Unveils Payment Vision 2028, Targets 95% Financial Inclusion, Digital Payments Growth

June 1 (THEWILL) — The Central Bank of Nigeria (CBN) has launched the Nigeria Payment System Vision (PSV) 2028, an ambitious roadmap aimed at raising financial inclusion to 95 percent of the adult population and strengthening the country’s position...

Flutterwave Crosses 1 Billion Transactions, Processes Over $40bn in Payments

June 1 (THEWILL) — African fintech unicorn Flutterwave has surpassed one billion transactions and processed more than $40 billion in total payment value since its launch, underscoring its growing role in Africa’s digital payments ecosystem. The milestone was disclosed by...