Business

Alex Alozie Joins Signature Bank As Deputy Managing Director

March 25, (THEWILL) — Signature Bank has announced the appointment of Alex Alozie as its new Deputy Managing Director, marking a strategic move to strengthen the bank’s leadership team and accelerate its growth agenda. The appointment, which takes immediate effect,...

Africa Must Unite On Financial Oversight – Cardoso Warns At IMF Forum

March 25, (THEWILL) — Africa must unite on financial oversight to effectively manage cross-border risks and safeguard the continent’s economic stability, the Governor of the Central Bank of Nigeria, Olayemi Cardoso, has said. Cardoso gave the charge on Tuesday in...

CBN Tightens Diaspora Remittance Rules, Sets May 1 Deadline For IMTO Compliance

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March 25, (THEWILL) — The Central Bank of Nigeria has introduced new measures to strengthen oversight of diaspora remittances, directing all international money transfer operators (IMTOs) to route transactions through designated naira settlement accounts with authorised dealer banks. The directive,...

Market Rebounds as ASI Crosses 200,000 Mark on Renewed Buying Interest

March 24, (THEWILL) — Nigeria’s equities market closed on a positive note, rebounding strongly as renewed buying interest lifted key indicators above critical thresholds. The market capitalisation advanced from ₦127.750 trillion to ₦128.836 trillion, while the NGX All-Share Index (ASI)...

Binance Seeks Truce As Tax Evasion Trial Pauses Till May

March 24, (THEWILL) — Binance Holdings Limited, on Tuesday, moved to reach a truce with the Federal Government over the ongoing tax evasion case against it, prompting the Federal High Court in Abuja to pause proceedings until May 12,...

Zenith Bank Strengthens Leadership, Appoints Okwudili Executive Director

March 24, (THEWILL) — Zenith Bank Plc has announced the appointment of Mr Kennedy Okwudili as an Executive Director, in a move aimed at strengthening its leadership structure and deepening its executive capacity. The appointment, which takes effect from May...

NNPC Eyes Additional 100,000bpd As Nigeria Targets 1.8mbpd Crude Output In 2026

March 24, (THEWILL) — Nigeria could raise its crude oil production by an additional 100,000 barrels per day (bpd) in the coming months as efforts to ramp up capacity begin to yield results, according to the Group Chief...

Low-Cost Tech Equities Fuel NGX Market Surge

March 24, (THEWILL) — Low-priced technology stocks have emerged as major drivers of performance on the Nigerian Exchange Limited in 2026, outperforming the broader market and attracting strong retail participation. The NGX Information Technology Index has gained over 35% year-to-date,...

Market Extends Decline as ASI Slips Below 200,000 Despite Strong Breadth

March 23, (THEWILL) — Nigeria’s equities market closed lower in Monday’s session as bearish pressure dragged key indicators down, despite a positive market breadth. The market capitalisation declined from ₦129.125 trillion to ₦127.750 trillion, while the NGX All-Share Index (ASI)...

CBN Intensifies Fight Against Inflation, Eyes Single-Digit Goal

March 23, (THEWILL) — Nigeria’s monetary authorities have renewed their focus on price stability, with the Central Bank of Nigeria (CBN) signalling a strong commitment to achieving single-digit inflation in the medium term. Inflation has remained a persistent challenge in...