Business

Berger Paints Grows Profit to ₦2.4bn in 2025, Declares Final Dividend

April 03, (THEWILL) — Berger Paints Nigeria Plc has reported a ₦2.4 billion profit after tax for the 2025 financial year, reflecting a strong earnings performance driven by higher sales and improved operating efficiency. According to the company’s audited financial...

Flutterwave Secures Banking License, Expands Into Full Financial Services

April 03, (THEWILL) — Flutterwave has announced that it has received a banking license from the Central Bank of Nigeria, paving the way for the fintech giant to operate as a full-fledged financial institution. The development was disclosed on Thursday...

EBID Approves $266.7m for West Africa Projects, Nigeria Gets Lion’s Share

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April 03, (THEWILL) — The ECOWAS Bank for Investment and Development (EBID) has approved $266.7 million to finance strategic projects across West Africa, with Nigeria emerging as the biggest beneficiary of the funding package. The approvals were announced in a...

NGX Closes Flat As Mixed Trading Leaves Index Marginally Lower

April 02, (THEWILL) — Nigeria’s equities market ended Thursday’s session on a largely flat note as modest losses in select counters offset gains recorded across several stocks. At the close of trading, the market capitalisation slipped slightly from ₦129.809...

Borrowing Squeeze Persists as Manufacturers Face Interest Rates of Up to 60%

April 02, (THEWILL) — Manufacturers in Nigeria continue to grapple with steep borrowing costs of up to 60 per cent, despite recent monetary policy easing by the Central Bank of Nigeria (CBN), according to new data from the...

Oil Prices Spike as Trump Signals Prolonged U.S. Offensive Against Iran

April 02, (THEWILL) — Global oil prices surged sharply on Thursday after Donald Trump indicated that the United States would continue its military offensive against Iran for another two to three weeks, heightening concerns over extended supply disruptions...

Equities Gain ₦600bn As NGX Extends Rally Despite Negative Market Breadth

April 01, (THEWILL) — Nigeria’s equities market closed higher on Wednesday, as gains in selected heavyweight stocks lifted the benchmark index, even though decliners outpaced advancers during the trading session. At the close of trading on the Nigerian Exchange, the...

Banks Raise ₦4.65tn As CBN Concludes Recapitalisation Drive

April 01, (THEWILL) — The Central Bank of Nigeria (CBN) has announced the conclusion of its banking sector recapitalisation programme, revealing that Nigerian banks collectively raised ₦4.65 trillion in new capital over the 24-month exercise aimed at strengthening the...

FGN Bond Auction Sees Strong Demand, Oversubscribed by 4% in March

April 01, (THEWILL) — Nigeria’s Federal Government bond auction recorded strong investor demand in March, with total subscriptions reaching N931.5 billion about 4 percent above the N750 billion offered. Despite the oversubscription, total allotments declined by 7.4 percent to N485.49...

Police Embark On Joint Security Operations To Intensify Security During Easter Celebration In Ogun

April 01, (THEWILL) - Ogun State Police Command has embarked on joint security operations with other security agencies to intensify security measures across the state to ensure a peaceful and safe Easter celebration in the state. The operations involved deploying...