Business

May 25 (THEWILL) — Nigeria’s external reserves have staged a recovery after a difficult April marked by sustained declines linked to foreign exchange interventions, debt service obligations, and global market pressures. Latest data from the Central Bank of Nigeria (CBN)...

May 25, (THEWILL) — The five-year growth plan recently unveiled by Seplat Energy Plc, will significantly advance Nigeria's local content policy by increasing indigenous participation, enhance technical capacity, and boost domestic energy supplies. The unveiling of the 5-year plan comes...

May 25, (THEWILL) — As Nigeria’s monetary authorities maintain a tight monetary policy stance following the latest Monetary Policy Committee (MPC) decision, the audited FY2025 financial statements of leading manufacturers reveal a decisive shift in what defines corporate strength....

May 25, (THEWILL) — The Finance Correspondents Association of Nigeria (FICAN) has elected a new executive to pioneer its affairs for the next three years beginning from September, 2026. The election produced the association’s first female chairman in its 36-year...

May 25 (THEWILL) — The Nigerian naira maintained relative stability against the United States dollar on Monday, May 25, 2026, trading within a narrow band across both the official and parallel foreign exchange markets amid sustained pressure on retail...

May 24, (THEWILL) — The anticipated initial public offering (IPO) by Dangote Petroleum Refinery and Petrochemicals Limited, set for September 2026, will signify a pivotal transformation in Nigeria's energy sector, greatly influencing the economic progress of the African continent. Conversely,...

May 24, (THEWILL) — Nigeria’s equities market closed the week on a negative note as declining investor activity and sustained profit-taking pressured key market indicators, despite selective gains recorded in banking and consumer goods counters. Data from the Nigerian Exchange...

May 24, (THEWILL) — The Central Bank of Nigeria’s Monetary Policy Committee (MPC) has unanimously voted to retain the Monetary Policy Rate (MPR) at 26.50 percent, choosing caution over monetary easing as inflation resumed its upward climb and economic...

May 22, (THEWILL) — Nigeria’s equities market closed Friday’s trading session on a positive note as renewed buying interest in select mid-cap stocks lifted the benchmark indices higher. At the close of trading on the Nigerian Exchange Limited, market capitalisation...

May 22, (THEWILL) — Wema Bank Plc has received an upgrade in its long-term rating from ‘A-’ to ‘A’ by Agusto & Co, reflecting the bank’s improved profitability, stronger liquidity position, and sustained shareholder support. The rating agency also affirmed...