Business

NGX Rallies as Market Capitalisation Surges by ₦3.2trn on Strong Buying

May 08, (THEWILL) — The Nigerian equities market closed on a strong note on Friday, as renewed buying interest across key counters pushed the benchmark indices sharply higher. Market capitalisation rose from ₦153.858 trillion to ₦157.094 trillion, representing a...

C&I Leasing Grows Q1 Pretax Profit By 9 Percent To ₦533m Amid Strong Lease Income

May 08, (THEWILL) — C&I Leasing Plc posted a pretax profit of ₦532.84 million for the first quarter of 2026, representing a 9.2 percent increase, compared with the ₦487.9 million recorded in the corresponding period of 2025. The company disclosed...

NGX RegCo Tightens Digital Trading Rules, Warns Brokers Over Compliance Breaches

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May 08, (THEWILL) — NGX Regulation Limited has issued stricter compliance directives for online trading platforms, warning that brokers who deploy digital systems without prior approval risk sanctions as part of efforts to strengthen investor protection and market integrity. In...

FirstHoldCo Rebounds Strongly As Q1 Profit Surges 72 Percent, Signals Post-Reset Comeback

May 08, (THEWILL) — FirstHoldCo Plc delivered a standout first-quarter 2026 performance, with profit before tax rising sharply to ₦321.12 billion from ₦186.48 billion in the same period last year, underscoring a strong recovery following its 2025 balance sheet...

NRS Opens Saturday Tax Services To Support Rev360 Rollout Ahead Of Filing Peak

May 08, (THEWILL) — The Nigeria Revenue Service (NRS) has announced that its tax offices nationwide will begin operating on Saturdays to assist taxpayers using its newly introduced digital tax platform, Rev360, ahead of the June peak filing season. The...

Ecobank Targets Global Debt Market With New Nature Notes To Refinance $350m Bond

May 08, (THEWILL) — Ecobank Transnational Incorporated (ETI), the parent company of the Ecobank Group, has announced plans to raise fresh funds from the international debt capital market as part of efforts to refinance existing obligations and expand its...

NGX Slumps as Sell Pressure Drags Market Capitalisation Down by ₦1.9trn

May 07, (THEWILL) — The Nigerian equities market closed lower on Thursday as sustained sell pressure across key counters weighed on the benchmark indices despite a strong number of advancing stocks. Market capitalisation declined from ₦155.780 trillion to ₦153.858 trillion,...

Zero-interest Loans: SheVentures Opens Applications for Women Entrepreneurs

May 07, (THEWILL) — First City Monument Bank (FCMB), the flagship banking arm of FCMB Group, has opened a new round of applications for its SheVentures proposition, offering zero-interest loans of up to N10K million to women entrepreneurs to...

Veritas Kapital Posts ₦1.8bn Q1 Profit As Aviation Insurance Drives Revenue Growth

May 07, (THEWILL) — Veritas Kapital Assurance Plc recorded a pretax profit of ₦1.8 billion in the first quarter of 2026, buoyed by strong growth in aviation insurance and improved earnings from core underwriting operations. According to the company’s unaudited...

CBN Raises T-Bills Allotment To ₦731.8bn As Investors Rush One-Year Securities

May 07, (THEWILL) — The Central Bank of Nigeria (CBN) allotted ₦731.75 billion at its Treasury Bills Primary Market Auction conducted on May 6, 2026, amid overwhelming investor demand for long-dated government securities. Auction results obtained by Nairametrics showed that...