Business

Tinubu Hails France-Nigeria Business Council Meeting, Says Economic Partnership Has Moved Into ‘Execution Phase’

May 13 (THEWILL) - President Bola Tinubu has welcomed the outcomes of the 10th France-Nigeria Business Council Meeting held on the sidelines of the Africa Forward Summit in Nairobi, Kenya. He declared that economic relations between both countries have now...

NGX Extends Rally As Market Capitalisation Rises To ₦161.77trn On Buying Interest

May 12, (THEWILL) — The Nigerian equities market sustained its upward momentum on Tuesday, as continued buying interest across several stocks pushed key performance indicators higher. At the close of trading, the market capitalisation increased from ₦160.256 trillion at the...

Fidelity Bank Reports ₦242.4bn Profit As Gross Earnings Hit ₦1.52tn In FY 2025

Ask ZiVA 728x90 Ads
May 12, (THEWILL) — Fidelity Bank Plc has posted a strong financial performance for the 2025 financial year, with gross earnings rising by 45.6 percent to ₦1.52 trillion, driven by growth in interest income, fees and commissions, and stronger...

First Bank Director Buys N177.9m First HoldCo Shares Amid Strong Market Rally

May 12, (THEWILL) — First HoldCo Plc has disclosed that Anil Dua, a non-executive director on the board of First Bank of Nigeria, acquired shares in the financial services group valued at N177.9 million, amid renewed investor interest in...

Unilever Nigeria Approves N18.67bn Dividend as Profit More Than Doubles in 2025

May 12, (THEWILL) — Unilever Nigeria Plc has approved the payment of N18.67 billion as dividend to shareholders for the 2025 financial year following resolutions passed at its Annual General Meeting (AGM) held on May 8, 2026, in...

Equities Rally As NGX Market Cap Crosses ₦160trn On Broad Buying Interest

May 11, (THEWILL) — The Nigerian equities market began the week on a strong note on Monday as sustained buying interest across several stocks pushed key indicators higher, lifting the market capitalisation above the ₦160 trillion mark. At the close...

Abbey Mortgage Eyes ₦164.5bn Capital Raise To Drive Expansion, Restructuring

May 11, (THEWILL) — Abbey Mortgage Bank Plc is seeking shareholders’ approval to raise ₦164.5 billion through a combination of equity and debt issuances as part of plans to strengthen its capital base, expand operations, and support long-term growth. The...

CBN, FRACE Deepen Governance Framework For Non-Interest Financial Institutions

May 11, (THEWILL) — The Central Bank of Nigeria (CBN) has reaffirmed its commitment to strengthening Shariah governance, regulatory clarity, and risk management in the non-interest financial services industry as part of efforts to sustain public confidence, financial stability,...

CBN Reshuffles DG’s Portfolios: Yuguda Heads Financial Stability As Usoro Returns To Operations

May 11, (THEWILL) — The Central Bank of Nigeria (CBN) has carried out a major reshuffle of its deputy governors’ portfolios as the apex bank intensifies efforts to strengthen monetary policy coordination, banking sector oversight and institutional governance. The reshuffle...

10 Strategic Takeaways from FCMB Group’s FY 2025 Unaudited Financial Results

May 11, (THEWILL) — FCMB Group Plc had disclosed that it might experience delays in publishing its FY 2025 Audited Financial Statements on the Nigerian Exchange ahead of the March 31, 2026, deadline. In a notice filed on The...