Business

BUA Cement Powers NGX Above 201,000 Points As Market Gains ₦1.97trn

March 16, (THEWILL) — The Nigerian equities market opened the week on a bullish note on Monday, as strong buying interest in large-cap stocks lifted the benchmark index above the 201,000-point threshold. Market capitalisation rose from ₦127.360 trillion to...

Nigeria Offers Legal Framework Support to Ethiopia’s Emerging Capital Market

March 16, (THEWILL) — The Federal Government of Nigeria has pledged to support the development of Ethiopia’s emerging capital market by sharing its legal and institutional framework for resolving investment disputes. The Chairman of the Investments and Securities Tribunal (IST),...

FirstBank’s MREIF Opens N100m Mortgage Window for Nigerians

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March 16, (THEWILL) — First Bank of Nigeria Limited has opened a new mortgage window that allows Nigerians to access up to N100 million in housing loans through the Ministry of Finance Incorporated Real Estate Investment Fund (MREIF), a...

Nigerian Breweries: Profit Recovery Masks Assets 6.3% Shrink in 2025

March 16, (THEWILL) — Despite a highlighted profit rebound, Nigerian Breweries Plc’s financial statements for 2025 showed that the foremost brewer experienced a shrink of N72.15 billion in its assets value to N1.06 trillion from N1.13 trillion in the...

Zenith Bank Opens Manchester Branch to Boost UK–Africa Investment Flows

March 16, (THEWILL) — Zenith Bank Plc has announced the opening of a new branch in Manchester, as part of efforts to strengthen investment flows and deepen financial connections between businesses in the United Kingdom and Nigeria. The official opening...

Nigeria’s Telecom Sector Hits ₦13tn Revenue Amid Digital Boom

March 16, (THEWILL) — Nigeria’s telecommunications sector has hit a major milestone, generating about ₦13 trillion in revenue, reflecting rapid growth in digital services, data usage, and mobile connectivity. According to the Nigerian Communications Commission and industry reports, the...

Cash Outside Banks Falls by N198bn as Money Supply Declines

March 16, (THEWILL) — Currency held outside Nigeria’s banking system dropped by about ₦198 billion, reflecting a slight moderation in cash demand and tightening liquidity conditions in the financial system. Latest money and credit statistics released by the Central Bank...

Tariff Removal on Chinese Imports to Save Nigeria $1.4bn Yearly

March 16, (THEWILL) — Nigerian manufacturers and other import-dependent businesses are expected to save about $1.4 billion annually following the removal of tariffs on selected Chinese imports, a development aimed at reducing production costs and boosting industrial growth. The tariff...

Market Applauds FCMB As It Meets N500bn Recapitalisation Mandate

Stock Records 4.98% Gain on NGX March 15, (THEWILL) — Market operators, investors, analysts, and industry observers have responded to the announcement made by FCMB Group regarding the successful completion of the recapitalisation of its banking subsidiary, First City Monument...

BUA Cement, Conoil Power NGX to Weekly Gain as Market Rises 0.73 Percent

March 15, (THEWILL) — A total turnover of 3.321 billion shares worth ₦164.845 billion was traded this week by investors on the floor of the Nigerian Exchange Group, in contrast to a total of 3.695 billion shares valued at...