Business

FG Scraps Import Duties on EVs, Buses, Machinery to Tame Inflation

April 13, (THEWILL) — The Federal Government has eliminated import duties on electric vehicles (EVs), mass transit buses, and manufacturing machinery, in a sweeping fiscal move aimed at easing cost pressures and curbing inflation. The announcement was disclosed on Monday...

FCMB Group Emerges Most Traded Stock on NGX in Q1, Y-t-D 2026

April 13, (THEWILL) —FCMB Group Plc emerged the most traded stock on the Nigerian Exchange (NGX) in the first quarter of 2026 and has maintained the highly strategic status year-to-date. Data by the NGX shows that as of April 10,...

Nigeria’s SEC Freezes Assets of 13 Alleged Terrorism Financiers, Orders Market-Wide Compliance

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April 13, (THEWILL) — Nigeria’s Securities and Exchange Commission (SEC) has directed an immediate freeze on the assets of 13 individuals and entities allegedly linked to terrorism financing, in a sweeping compliance move across the capital market. The directive...

Inter-Agency Report Unearths Concealed Oil Wells, Massive Crude Theft, Rot in Oil Sector

- Indicts Sterling Exploration, Military, Government Officials - Says Many Operators Circumvent Metering at Flow Stations - Controversy Over RMAFC’s Decision to Delay Release of Findings April 12, (THEWILL) — A recent investigation has uncovered the extensive siphoning of Nigeria's oil and...

Nigeria Pension’s N28trn Milestone Marks ‘Super-Cycle’ Momentum in Q1

April 12, (THEWILL) — Nigeria’s pension industry has entered what analysts are increasingly describing as a “super-cycle,” marked by rapid asset growth, record-breaking returns, and a structural shift in how retirement savings are invested. As of March 31, 2026,...

NGX Posts Strong Weekly Turnover Growth as Banking, Large Caps Drive Market Activity

April 12, (THEWILL) — The Nigerian equities market traded for four sessions this week following the Federal Government’s declaration of Monday, April 6, 2026, as a public holiday to mark the Easter celebration. Overall market performance showed improved liquidity and...

Transcorp Declares N16.2bn Final Dividend for Shareholders

April 12, (THEWILL) — Transnational Corporation Plc (Transcorp) has declared a final dividend of N1.60 per ordinary share for the 2025 financial year, payable to members listed on its register as of April 27, 2026. According to a filing with...

ASI Surges Above 203,700 Points as ₦706bn Investor Gains Lift Market

April 10, (THEWILL) — Nigeria’s equities market closed on a strong bullish note on Friday as renewed buying interest across select counters pushed the benchmark index to fresh highs. Market capitalisation opened the session at ₦130.459 trillion and closed...

Lafarge Africa Seeks Shareholder Approval to Rebrand as HBM Nigeria

April 10, (THEWILL) — Lafarge Africa Plc will ask shareholders to approve a change of its corporate name to “HBM Nigeria Plc” at its 67th Annual General Meeting scheduled for April 30, 2026, in Lagos. The proposal was disclosed in...

Champion Breweries Clears ₦15bn Commercial Paper, Signals Strong Financial Position

April 10, (THEWILL) — Champion Breweries Plc has fully redeemed its ₦15 billion inaugural Commercial Paper issuance, marking a significant milestone in its debt capital market activities and reinforcing investor confidence in the company. In a statement released on Thursday,...