Business

May 28 (THEWILL) — Nigeria’s total expenditure fell 41.57 percent below its prorated quarterly budget target to ₦8.03 trillion in the third quarter of 2025, highlighting continued fiscal constraints despite modest economic growth and improved revenue performance. This was disclosed...

May 28, (THEWILL) — Nigeria’s oil revenue performance suffered a major setback in the third quarter of 2025, falling far below government projections and exposing the nation’s fragile fiscal position despite slight improvements in earnings. According to the latest...

May 28 (THEWILL) — Nigeria recorded a sharp surge in foreign portfolio investment inflows in January 2026, with speculative capital, popularly known as hot money, rising to $3.37 billion and accounting for nearly 96 percent of total capital imported...

May 28 (THEWILL) — Meta Platforms has begun the global rollout of new subscription plans across Facebook, Instagram, and WhatsApp as the technology giant accelerates efforts to diversify revenue beyond digital advertising. The company announced on Wednesday that the new...

May 27, (THEWILL) — The Central Bank of Nigeria’s decision to retain the Monetary Policy Rate (MPR) at 26.5 percent is expected to sustain strong investor appetite for commercial papers (CPs), while keeping borrowing costs elevated for corporates seeking...

May 27, (THEWILL) — Cash held outside Nigeria’s banking system declined by N104.76 billion between February and April 2026, following the Central Bank of Nigeria’s decision to reduce interest rates at its first Monetary Policy Committee meeting of...

May 27, (THEWILL) — Access Bank UK emerged as the clear leader among the United Kingdom subsidiaries of Nigeria’s FUGAZ banks after posting a staggering N288.6 billion pre-tax profit for the 2025 financial year, accounting for more than...

May 27, (THEWILL) — As Nigeria marked the 2026 Children’s Day celebration, Zenith Bank Plc has reaffirmed its commitment to child development through a broad range of initiatives focused on education, financial literacy, healthcare, digital inclusion, and social...

May 26 (THEWILL) — The Nigerian Exchange closed lower on Tuesday, as renewed profit-taking in key counters dragged market performance into negative territory, reversing part of the gains recorded at the start of the week. Market capitalisation declined by ₦888...

May 26 (THEWILL) — Nigeria’s private sector credit declined sharply by more than ₦14 trillion within two months, highlighting growing weaknesses in lending to productive sectors of the economy despite the Central Bank of Nigeria’s earlier monetary policy easing. Latest...