Business

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...

CBN Has Trimmed Ways & Means to N2.8trn – Cardoso

March 29, (THEWILL) — The Governor of the Central Bank of Nigeria, Mr Olayemi Cardoso, has disclosed that the country’s Ways & Means portfolio has been decimated to N2.84 trillion, against the N26.95 trillion mark inherited by the current...

Hyundai Nigeria Launches All-New Palisade, Showcases Accent, Creta, Others In Lagos

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March 28, (THEWILL) — Hyundai Nigeria has unveiled the all-new Hyundai Palisade in Lagos, headlining a media showcase that also featured the Hyundai Accent, Creta, Tucson and Santa Fe, as the brand reinforces its product offensive across key...

NGX Ends Lower as Market Cap Slips to ₦128.97trn

March 27, (THEWILL) — Trading on the Nigerian Exchange Limited closed slightly negative as losses outweighed gains across key counters. Market capitalisation declined from ₦128.997 trillion at the opening of trading on Friday to ₦128.969 trillion at the close....

Kuda Cuts Jobs Amid Restructuring Despite Narrowing Losses

March 27, (THEWILL) — Kuda Technologies Limited, the Nigerian digital bank backed by global investors, has laid off employees across several departments as part of a company-wide restructuring, despite reporting a sharp improvement in its financial performance. On March...

Lagos Tops January 2026 FAAC Allocation As Oil States Dominate

March 27, (THEWILL) — Nigeria’s revenue distribution in January 2026 highlights a continued concentration of FAAC allocations among a handful of states, with total net disbursement to states reaching ₦703.26 billion. Data reported by Nairametrics shows that the...

CBN Tightens Credit Rules, Blocks Chronic Loan Defaulters From Banking Facilities

March 27, (THEWILL) — The Central Bank of Nigeria (CBN) has directed banks to deny certain banking services and additional credit facilities to borrowers with non-performing loans, in a move to strengthen credit discipline across the financial system. In...

World Bank Moves to Support Emerging Economies as Middle East Conflict Disrupts Global Markets

March 26, (THEWILL) — The World Bank Group says it is stepping up engagement with emerging market economies as the ongoing conflict in the Middle East begins to disrupt commodity markets and global logistics. In a statement, the institution noted...

NGX Edges Higher as Gains in Mid-Cap Stocks Lift Market

March 26, (THEWILL) — Nigeria’s equities market closed slightly higher today as gains in several mid-cap stocks supported the benchmark index despite a larger number of declining equities. Market capitalisation rose marginally from ₦128.977 trillion at the opening to ₦128.997...

CBN Cuts Long-Term T-Bill Rates As ₦2.7trn Demand Signals Liquidity Surge

March 26, (THEWILL) — The Central Bank of Nigeria (CBN) trimmed stop rates on longer-dated Treasury bills at its March 25 auction, even as investors flooded the market with ₦2.7 trillion in bids, underscoring strong appetite amid excess liquidity. Stop...