Joy Onuorah, THEWILL

Nigerians Are Borrowing More To Cover Everyday Expenses As Repayment Stress Rises, A2F 2026 Survey Shows

More Nigerians are getting access to formal credit, but a growing share of those loans are being used to manage everyday financial pressure rather than to expand businesses or acquire productive assets.

Dangote Supplies 71% of Nigeria’s Petrol. What Is the Backup Plan?

Dangote supplied approximately 35.87 million litres daily in August, accounting for 71% of petrol receipts, according to NMDPRA figures reported by Punch on September 24. These are supply figures, rather than motorists’ purchases.

Oil Jumps 4% to $107 as Saudi Missile Attacks Renew Nigeria’s Fuel-Price Fears

Brent crude futures rose $4.10 to $107.18 a barrel by 4.09 pm Nigerian time, while US West Texas Intermediate gained $3.66 to $95.82. Both figures were intraday prices, according to Reuters.

UK Banks Test Fix For Online Shopping’s ‘Pay First’ Problem

British banks have tested a way to connect online shopping. In a simulated marketplace purchase, funds were locked in the buyer’s account and released to the seller when the delivery condition was met.

CBN Cuts Rates But Late-Paying Customers Could Swallow Savings

The Central Bank of Nigeria’s reduction of its benchmark rate from 26.5% to 23% offers businesses a reason to watch for cheaper credit.

Microsoft Plans Over $10bn In Gulf AI And Cloud Investment

Microsoft plans to invest more than $10 billion across the United Arab Emirates, Saudi Arabia, Qatar and Kuwait by 2030, expanding its cloud and artificial intelligence business while strengthening services against regional disruption.

Nigeria Plans To Turn Unpaid Invoices Into Cash For SMEs

Nigeria is developing a financing route that could allow small businesses to raise cash against verified unpaid invoices, helping them fund operations while waiting for customers to settle their bills.

Dangote Takes Kenya Refinery Plan Forward With Engineering Deal Worth Over $450m

Dangote Group’s planned Kenyan refinery has taken a step towards development with an engineering and project management contract worth more than $450 million, extending a partnership behind its Nigerian refining business.

Trump Wants AI Renamed ‘Super Intelligence’ As He Rejects Global Controls

Donald Trump says the United States will replace “artificial intelligence” with “super intelligence” in government documents, pairing the proposed rebranding with a rejection of international efforts to control the technology.

Ecobank Takes Dangote Refinery IPO to Investors Outside Nigeria

In an announcement published on September 22, the bank said it was facilitating participation by individual and institutional investors through its digital platforms and branches. Its network covers 33 African countries.

About Me

Joy Onuorah is a business journalist and brand communications specialist covering financial markets, artificial intelligence, digital economy, and the ideas reshaping business across Africa and the global market. Beyond her reporting for TheWill, Joy uses brand strategy, storytelling, copywriting, and high-value SEO to help brands build lasting market authority.
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