Business

April 27, (THEWILL) — Nigeria’s external reserves fell by approximately $731 million in the first three weeks of April 2026, underscoring persistent pressure on the country’s foreign exchange buffers. Figures from the Central Bank of Nigeria (CBN) show reserves declined...

April 27, (THEWILL) — The United States has stepped up efforts to strengthen agricultural trade with Nigeria by expanding support under the Export Credit Guarantee Program (GSM-102), managed by the U.S. Department of Agriculture. The GSM-102 program offers U.S. government-backed...

April 27, (THEWILL) — The announcement by FCMB Group Plc on March 9, that it had completed the recapitalisation of its banking subsidiary, First City Monument Bank Limited, and secured its international banking license after obtaining all required regulatory...

April 27, (THEWILL) — Nigeria’s telecommunications giants are steadily losing control of the lucrative N400 billion airtime lending market, as five agile financial technology firms tighten their grip on the fast-growing segment. Once dominated by telecom operators, the...

April 27, (THEWILL) — The Debt Management Office (DMO), acting on behalf of the Federal Government of Nigeria, is set to raise N700 billion through a Federal Government Bond (FGN) auction scheduled for Monday, April 27, 2026. Details contained...

April 27, (THEWILL) — Kano State generated N102 billion in internally generated revenue (IGR) in 2025, reflecting a strong improvement on its performance in the previous year and signaling growing fiscal capacity. The Chairman of the Kano Internal Revenue...

April 26, (THEWILL) — Nigeria has lost more than $76 billion attempting to run government-owned enterprises over the past decades, according to a report presented by the Alliance for Economic Research and Ethics. The report was presented by the organisation’s...

April 26, (THEWILL) — President Bola Ahmed Tinubu’s recent request for the Senate’s approval of a $516.3 million-dollar syndicated loan to finance key segments of the Sokoto-Badagry Superhighway, has sent ripples of concern among well-meaning citizens. When approved (as...

April 26, (THEWILL) — Trading on the Nigerian equities market closed the week on a positive note, as key performance indicators advanced amid sustained investor interest, particularly in financial services and consumer goods stocks. A total turnover of 3.805 billion...

April 26, (THEWILL) — Nigeria’s banking sector is entering a new phase of strength and strategic repositioning following the conclusion of the Central Bank of Nigeria’s (CBN) 24-month recapitalisation exercise, which has reshaped balance sheets, risk capacity, and profit...