Business

NGX Resumes Trading on Positive Note as Market Cap Rises to ₦130.014tn

April 07, (THEWILL) — The Nigerian equities market resumed trading on Tuesday on a positive note following the public holiday, as investors pushed key indicators higher despite mixed sentiment across stocks. At the close of trading, the market capitalisation advanced...

Air India CEO Campbell Wilson Resigns

April 07, (THEWILL) — Air India CEO and Managing Director, Campbell Wilson, has announced his resignation, ending a nearly four-year tenure leading the Tata Group-owned airline through a sweeping post-privatisation transformation. Wilson, a New Zealand national with over 25...

Dangote Refinery Expands Fuel, Fertiliser Exports As Iran War Disrupts Supply

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April 07, (THEWILL) — Aliko Dangote has announced a significant increase in fuel and fertiliser exports from the Dangote Group to African markets affected by supply disruptions linked to the Iran war. Speaking during a tour of the Dangote Petroleum...

PiggyVest Hits ₦3trn Payout Milestone As It Marks 10 Years Of Financial Innovation

April 07, (THEWILL) — PiggyVest, a leading digital savings and investment platform in Nigeria, has surpassed ₦3 trillion in total payouts to its users, underscoring its growing influence in the country’s financial ecosystem. The milestone coincides with the company’s 10th...

Nigeria’s Business Confidence Slows Sharply Despite Marginal Expansion In March

April 07, (THEWILL) — Nigeria’s business environment remained in expansion territory in March 2026, but momentum weakened significantly as economic pressures intensified. This is according to the latest Business Confidence Monitor (BCM) released by the Nigerian Economic Summit Group (NESG),...

Nigeria’s $850m Foreign Cloud Reliance Raises Fintech Risk Amid Global Tensions

April 07, (THEWILL) — Nigeria is spending an estimated $850 million annually on foreign cloud infrastructure, embedding its fast-growing digital economy in systems located thousands of kilometres away and increasingly exposed to geopolitical shocks. That vulnerability came into focus in...

Nigerian Women Face Deepening Barriers to Formal Employment – World Bank Report

April 06, (THEWILL) — Nigeria’s labour market continues to tilt sharply against women in formal employment, with only 10.5 percent of employed women engaged in wage and salaried jobs as of 2025, according to the World Bank’s latest...

PEBEC Orders Policy Freeze to Strengthen Ease of Doing Business

April 06, (THEWILL) — The Presidential Enabling Business Environment Council (PEBEC) has ordered all Ministries, Departments, and Agencies (MDAs) to halt the rollout of new policies and regulatory changes, in a move aimed at shielding businesses from sudden disruptions. The...

NGX Rally Masks Market Divide as Over 60 Stocks Remain Frozen in Q1 Surge

April 06, (THEWILL) — The Nigerian Exchange in Q1 2026 delivered a striking paradox: a headline-grabbing 30 percent year-to-date rally alongside a deeply entrenched layer of stagnation affecting more than 60 listed companies. While the All-Share Index surged past...

BVN Registrations Reach 68.6m Amid Tighter CBN Regulations

April 06, (THEWILL) — Nigeria’s Bank Verification Number (BVN) database rose to 68.6 million in March 2026, reflecting continued growth in the country’s financial identity system despite a noticeable slowdown in new registrations. Data released by the Nigeria Inter-Bank...