Business

Banking Sector Ready to Fund High-scale Investment for Rapid Economic Growth – Cardoso

March 15, (THEWILL) — The governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso has said the country’s banking sector is now positioned to support the scale of investment required for Nigeria’s economic transformation. According to Cardoso, Nigeria's financial...

Champion Breweries Profit Surges 119% Following Bullet Acquisition

March 15, (THEWILL) — Champion Breweries Plc delivered a record financial performance in 2025, reporting strong revenue growth, sharply improved profitability and a significantly expanded balance sheet, following the strategic acquisition of the Bullet beverage brand. The brewer’s audited results...

Shell’s Nigeria Deepwater Return Boosts Optimism as Bonga Restarts

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March 15, (THEWILL) — Shell’s Nigerian deepwater subsidiary has resumed production at the Bonga field, one of sub-Saharan Africa’s most significant offshore oil developments. This is after completing a major maintenance overhaul eleven days ahead of schedule, a result...

Tinubu Sets Up Presidential Taskforce to Drive Petroleum Sector Reforms, Names GTB Co-Founder Adeola Chairman

March 13, (THEWILL) — President Bola Tinubu, has approved the establishment of a Presidential Petroleum Reform & Value Optimisation Taskforce to design and sequence the next phase of structural reforms in Nigeria's petroleum sector. A statement signed on...

Cardoso: Reforms Built Over Two Years Put Nigeria in Strong Position to Weather Global Shocks

March 13, (THEWILL) — Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, on Thursday said the macroeconomic reforms and policy buffers built over the past two years have placed Nigeria in a stronger position to...

Equities Market Closes Higher as Guinness and UPL Lead Gains

March 13, (THEWILL) — The Nigerian equities market ended the week on a bullish note on Friday, with renewed buying interest across select counters lifting key market indicators. The market cap opened at ₦126.398 trillion and closed at ₦127.360...

CBN Tightens Lending Rules, Bars Defaulters From Accessing New Credit Facilities

March 13, (THEWILL) — The Central Bank of Nigeria (CBN) has taken decisive action to protect the stability of the nation’s banking system by directing banks to restrict access to credit and certain financial services for borrowers with large...

Nigeria’s Telcos Confront Tough Realities In Fintech Expansion

March 13, (THEWILL) — Nigeria’s telecommunications operators are increasingly expanding into financial services, but their ambitions to dominate the fintech space are meeting the realities of a highly competitive and tightly regulated market. Over the past few years, major telecom...

OPay Addresses Report Of Office Closure, Says NRS Notice Affects Entire Fintech Industry

March 13, (THEWILL) — Fintech firm, OPay, has reacted to reports suggesting that its offices were shut down by Nigeria’s tax authorities, clarifying that the development relates to a broader regulatory notice affecting multiple operators in the financial technology...

PalmPay’s Purple Woman 3.0 Boosts Female Tech Talent, Awards 10 Internships

March 13, (THEWILL) — PalmPay has reaffirmed its commitment to gender inclusion in the tech ecosystem with the third edition of its Purple Woman programme, Purple Woman 3.0, to empower young women with digital and technical skills. The initiative focuses...