Business

Seplat Energy Posts N52.5bn Q1 Profit, Declares 9-cent Dollar Dividend

April 30, (THEWILL) — Seplat Energy Plc has reported a post-tax profit of N52.5 billion for the first quarter of 2026, marking a 48.4 percent increase from N35.3 billion recorded in the same period of 2025, according to...

NNPC Records Historic Breakthrough as OB3 Gas Pipeline Crosses River Niger

April 30, (THEWILL) — Nigeria’s drive towards energy security and industrial expansion received a major boost on Thursday as the Nigerian National Petroleum Company (NNPC) Limited, announced the successful completion of the technically challenging River Niger Crossing on...

Telecom Operators Demand Executable Broadband Roadmap as Nigeria Misses Key Targets

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April 30, (THEWILL) — Four months after the expiration of Nigeria’s National Broadband Plan (NNBP) 2020–2025, telecom operators are intensifying calls for a new and more effective policy framework to guide the country’s digital future. Industry stakeholders say Nigeria...

Cooking Gas Prices Rise Nationwide as 5kg Refill Hits ₦7,655 in March – NBS

April 30, (THEWILL) — Nigeria’s average retail price for Liquefied Petroleum Gas (LPG), popularly known as cooking gas, recorded significant increases in March 2026, according to the latest Price Watch report released by the National Bureau of Statistics...

Tax Reform: NRS Unveils Rev360 Platform, Phased Rollout Begins with Mid-Tier Taxpayers

April 30, (THEWILL) — The Nigeria Revenue Service (NRS) has launched Rev360, a next-generation tax administration platform, marking a major step in the country’s shift toward a more modern and efficient tax system. The rollout will be implemented in...

Dangote Refinery IPO to Test Depth of Africa’s $560bn Capital Markets

April 29, (THEWILL) — The anticipated initial public offering (IPO) of Dangote Refinery is shaping up to be one of the most consequential financial events in Africa’s history, with the potential to test both the resilience and depth...

Nigeria’s PMI Slips Into Contraction After 16-Month Expansion Streak

April 30, (THEWILL) — Nigeria’s economic momentum slowed in April 2026 as the Purchasing Managers’ Index (PMI) fell to 49.4, signalling the first contraction after 16 consecutive months of growth, according to the Central Bank of Nigeria (CBN). The...

NGX Extends Rally As Market Capitalisation Jumps ₦5.55trn On Broad Buying Interest

April 29, (THEWILL) — Trading on the Nigerian equities market closed strongly bullish on Wednesday, as sustained demand across key sectors pushed market indicators sharply higher on the Nigerian Exchange (NGX). Market capitalisation rose significantly by ₦5.55 trillion, moving from...

GTCO Posts ₦303bn Q1 Profit As Interest Income Growth Offsets Rising Costs

April 29, (THEWILL) — Guaranty Trust Holding Company Plc (GTCO) has reported a profit before tax of ₦302.9 billion for the first quarter ended March 31, 2026, reflecting modest growth supported by strong interest income and resilient core operations. The...

MTN Nigeria Plans N152bn Fintech Stake Sale to Parent Company, Retains 40 Percent Holding

April 29, (THEWILL) — MTN Nigeria Communications Plc has unveiled plans to sell a 60 percent stake in its fintech subsidiaries MoMo Payment Service Bank and Y’ello Digital Financial Services to MTN Group in a N152.06 billion deal, as...