Business

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...

April 26, (THEWILL) — Nestlé Nigeria has celebrated 15 years of impact with the graduation of twenty young trainees from the Flowergate Technical Training Centre. This milestone reinforces the company’s long-standing commitment to youth empowerment through the development of...

April 24, (THEWILL) — Africa’s Global Bank, United Bank for Africa (UBA) Plc, has announced its audited financial results for the year ended December 31, 2025, recording total assets growth of 9.4 percent to ₦33.2 trillion, up from...

April 24, (THEWILL) — Nigerian Exchange Group Plc has announced plans to hold its 65th Annual General Meeting (AGM) on April 29, 2026, at 11:00 a.m. at the company’s corporate head office located at 2–4 Customs Street, Lagos. According...

April 24, (THEWILL) — UniCloud Africa and Open Access Data Centres have entered a strategic partnership to expand locally hosted cloud and artificial intelligence infrastructure across key African markets, amid rising demand for data sovereignty and in-country digital services. Under...

April 24, (THEWILL) — Nigeria’s Value Added Tax (VAT) disbursement to states climbed sharply in February 2026, with gross allocations rising by 30.36 percent month-on-month to ₦551.77 billion from ₦423.25 billion recorded in January. Data from the Office of the...

April 24, (THEWILL) — The Central Bank of Nigeria, CBN, has increased the fee for issuance and replacement of Automated Terminal Machine (ATM) debit/credit cards to ₦1,500 from ₦1,000, reflecting a 50 percent increase. Additionally, the apex bank also scrapped...

April 24, (THEWILL) — S&P Global has warned that the ongoing Middle East conflict could heighten risks for African economies, particularly if the crisis persists, with potential implications for sovereign credit ratings across the continent. In its latest assessment, the...

April 24, (THEWILL) — Conoil Plc and Nimex Petrochemicals Ltd. are locked in a legal battle at the Federal High Court, Abuja, over a disputed $8.49 million judgement debt in ongoing garnishee proceedings. Nimex initiated the suit, joining five commercial...

April 24, (THEWILL) — A former Minister of Environment, Lawrencia Mallam, has decried the collapse of Nigeria’s once-thriving textile industry, describing it as a “national shame” that has worsened unemployment and insecurity. She spoke in Lagos at the launch of...