Business

NNPC Exports 950,000 Barrels Cawthorne Blend Crude

March 31, (THEWILL) — Nigeria’s revenue is set to witness a boost as the Nigerian National Petroleum Company (NNPC) Limited has recorded a significant milestone with the introduction and lifting of 950,000 barrels of Cawthorne Blend crude into...

Lagos Extends Deadline for Filing Individual Annual Tax Returns

March 31, (THEWILL) — The Lagos State Internal Revenue Service (LIRS) has extended the deadline for filing of Individual annual tax returns by two weeks. The exercise which was scheduled to end on March 31, 2026, is extended...

NGX Slips As Market Capitalisation Declines

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March 30, (THEWILL) — The Nigerian equities market closed lower on Monday as sell-offs in several stocks weighed on the broader market. At the close of trading, market capitalisation declined from ₦128.969 trillion at the opening of the session to...

March 31 Deadline: Taxpayers Race to File Returns Amid Low Compliance

March 30, (THEWILL) — With only hours left before the March 31 deadline, many Nigerian taxpayers are still uncertain about how to file their personal income tax returns and comply with statutory requirements. Under the Nigeria Tax Act 2025,...

March 31 Final Sprint: Sorting Banking ‘Survivors’ from ‘Subsidiaries’ as Recapitalisation Ends

March 30, (THEWILL) — Nigeria’s banking sector is entering a decisive moment. With the March 31, 2026 recapitalisation deadline just days away, the industry is being reshaped in real time splitting institutions into two clear camps: those that have...

FMDQ Approves Champion Breweries’ N30bn Bond Listing to Boost Long-Term Funding

March 30, (THEWILL) — FMDQ Securities Exchange Limited has approved the listing of Champion Breweries Plc’s N30 billion Series 1, 5-Year, 19.50 per cent Senior Unsecured Fixed Rate Bond under its N45 billion Bond Issuance Programme. The approval was...

U.S. Slashes Nigerian Crude Imports by 47% Despite Rise in Output

March 29, (THEWILL) — The United States sharply reduced its imports of Nigerian crude oil in January 2026, cutting purchases by about 47.16 percent month-on-month, according to the latest data from the U.S. Census Bureau and the U.S....

Dupe Olusola Appointed Advisor to MIT Kuo Sharper Center

March 29, (THEWILL) — Nigerian business leader Dupe Olusola has been appointed Professional Advisor to the MIT Kuo Sharper Center for Prosperity and Entrepreneurship at the MIT Sloan School of Management, strengthening the centre’s engagement with emerging markets and...

Anxiety Mounts as Lagos Insists on March 31 Tax Returns Deadline

March 29, (THEWILL) — Residents of Lagos are experiencing significant anxiety regarding the state government's mandate requiring all taxable adults to submit their personal tax returns by March 31, 2026, or face serious repercussions for non-compliance. This directive comes in...

NGX Weekly Report: Market Slips 0.12% as Investors Rebalance Portfolios

March 29, (THEWILL) — Trading on the Nigerian Exchange Limited ended the week slightly lower as investors adopted a cautious stance, rebalancing portfolios after weeks of strong price rallies in several mid- and small-cap stocks. The NGX All-Share Index declined...