Business

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...

June 4 (THEWILL) — The Development Bank of Nigeria (DBN) Plc has disbursed more than ₦1 trillion to over one million Micro, Small and Medium Enterprises (MSMEs), helping to create over 1.6 million jobs since it began operations in...

June 03, (THEWILL) — The Nigerian equities market extended its bearish streak on Wednesday as widespread selloffs across major stocks dragged key market indicators lower, wiping ₦2.28 trillion off investors’ wealth. Market capitalisation declined from ₦158.219 trillion at the opening...

June 03, (THEWILL) — Nigeria recorded a sharp rise in foreign capital inflows in the first quarter of 2026, attracting $10.37 billion, an 83.8 percent increase from the $5.64 billion recorded in the same period of 2025, according to...

June 3 (THEWILL) — Public sector pension contributions surged by 234.85 per cent to ₦550.96 billion in the fourth quarter of 2025, highlighting stronger compliance with Nigeria’s Contributory Pension Scheme (CPS) and the settlement of outstanding pension arrears. This was...

June 3 (THEWILL) — Legend Internet Plc has reassured investors of stronger future earnings prospects despite posting a pre-tax loss of ₦199.34 million for the six months ended January 31, 2026, as aggressive spending on network expansion, rising operating...

June 3 (THEWILL) — Nigerian banks continued to strengthen their grip on retail deposits in 2025 despite growing competition from fintech firms, with deposits across six major lenders rising 24 percent year-on-year to ₦39.01 trillion from ₦31.46 trillion in...

June 02, (THEWILL) — Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has reassigned the responsibilities of the institution’s four deputy governors in a strategic leadership reshuffle aimed at aligning the bank’s expertise with its evolving priorities. Under...

June 02, (THEWILL) — Transportation costs remained elevated across Nigeria in April 2026, with the average fare paid by commuters for intercity bus travel rising to ₦9,607.41, reflecting the continued impact of inflationary pressures, high fuel costs, and rising...

June 02, (THEWILL) — The Nigerian equities market closed lower on Tuesday, extending its bearish run as sustained sell pressure across key counters dragged market performance indicators into negative territory. Market capitalisation declined by ₦478 billion to close at ₦158.219...