Business

NGX Rebounds As Market Capitalisation Rises By ₦3.21trn Despite Mixed Sentiment

April 28, (THEWILL) — The Nigerian equities market reversed previous losses on Tuesday as bargain hunting in select stocks lifted key performance indicators on the Nigerian Exchange (NGX). Market capitalisation rose by ₦3.21 trillion, climbing from ₦143.97 trillion at the...

UK–Nigeria Tech Hub Unveils Creative Fund To Boost Local Talent, Digital Capacity

April 28, (THEWILL) — The UK–Nigeria Technology Hub has launched a new Creative Fund, opening applications for grants to address technical capacity gaps across Nigeria’s film, fashion and music industries. Announced in a statement by the UK’s Foreign, Commonwealth and...

Zenith Bank Enters Côte d’Ivoire, Accelerates Francophone Africa Expansion

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April 28, (THEWILL) — Zenith Bank Plc has launched its Côte d’Ivoire subsidiary, marking a major step in its Pan-African expansion and a strategic push into Francophone West Africa. The new subsidiary, Zenith Bank Côte d’Ivoire, will be officially...

Nigerian Breweries Posts N55.95bn Q1 Profit, Extends Recovery Momentum

April 28, (THEWILL) — Nigerian Breweries Plc has reported a Profit After Tax of N55.95 billion for the first quarter ended March 31, 2026, representing a 25.6 percent increase from the N44.55 billion recorded in the same period...

CBN Keeps BDCs at Arm’s Length Over Compliance, Market Stability Concerns

April 28, (THEWILL) — The Central Bank of Nigeria (CBN) has sustained restrictions on Bureau De Change (BDC) operators’ access to the official foreign exchange market, underscoring ongoing concerns about regulatory control, compliance risks, and past market abuses. Insights...

2027 Poll: Kingibe Alleges High Distortion, Manipulation of Electoral Reform

April 28, (THEWILL) — The lawmaker representing the Federal Capital Territory (FCT) in the Senate, Senator Ireti Kingibe, has warned that the credibility of Nigeria’s 2027 general elections may be under serious threat, alleging that major electoral reform...

Coronation Insurance Secures Approval for N9.26bn Capital Raise to Bolster Growth

April 28, (THEWILL) — Coronation Insurance Plc has obtained shareholder approval to raise N9.26 billion in fresh capital, a move aimed at strengthening its financial position and supporting future growth. The approval was granted at the company’s Extraordinary General...

PTAD Completes N32,000 Pension Arrears Payout for DBS Retirees

April 28, (THEWILL) — The Pension Transitional Arrangement Directorate (PTAD) has announced the full settlement of arrears tied to the N32,000 pension increment for retirees under the Defined Benefit Scheme (DBS). In a statement issued Monday, PTAD’s Head of...

Banking Losses Weigh On NGX As Market Capitalisation Drops By ₦1.37trn

April 27, (THEWILL) — The Nigerian equities market began the week on a negative note as sustained sell pressure, particularly in banking stocks, dragged key market indicators lower. Data from the Nigerian Exchange (NGX) showed that market capitalisation declined by...

UBA Targets Debt Recovery, Signals Dividend Comeback As Earnings Absorb One-Off Loan Provision

April 27, (THEWILL) — United Bank for Africa (UBA) Plc says it is intensifying efforts to recover outstanding loans and expects to resume dividend payments to shareholders in 2026, despite a sharp decline in profit triggered by a major...