Joy Onuorah, THEWILL

News

Outgoing UK Envoy Credits Cardoso’s Reforms For Nigeria’s Economic Turnaround

Joy Onuorah, THEWILL -
Outgoing UK High Commissioner Richard Montgomery says Nigeria's recent economic reforms have helped drive what he described as the country's economic turnaround. He made the remarks during a farewell visit to CBN Governor Olayemi Cardoso before the end...
Headline

Dangote Lowers Petrol Price To ₦1,165, Diesel To ₦1,570

Joy Onuorah, THEWILL -
Dangote Refinery has reduced the ex-depot price of petrol by ₦50 to ₦1,165 per litre. Diesel price has also been cut by ₦80, bringing the ex-depot price to ₦1,570 per litre. The refinery says the adjustment reflects improved...
Business

What ₦1.4 Trillion Worth of Alcohol Says About Nigerians

Joy Onuorah, THEWILL -
An unbranded assortment of spirits, wines, and bottled beers, representing the wide spectrum of products driving the country's multi-trillion naira beverage sector. Source: TheWill Newspaper Nigerians spent about ₦1.41 trillion on beer, malt and spirits in the first...
Business

FirstHoldCo Becomes First Nigerian Bank to Cross N6tn Market Value

Joy Onuorah, THEWILL -
FirstHoldCo becomes the first Nigerian banking group to cross a N6 trillion market value. The company's valuation climbed to about N6.21 trillion after its share price rose to N136.50.  Investors have added more than N1 trillion to FirstHoldCo's...
News

Nigeria Earned ₦24tn From Crude Exports in Six Months as Refiners Kept Waiting – Report

Joy Onuorah, THEWILL -
Nearly seven out of every 10 barrels produced during the period were sold overseas despite persistent concerns over crude supply to domestic refineries. Higher international oil prices, rather than a sharp rise in export volumes, drove the surge...
Business

Nigeria’s Mobile Money Economy Added ₦167tn in One Year as Digital Payments Hit New High

Joy Onuorah, THEWILL -
Transaction volume rose to 28.74 billion as more Nigerians embraced digital wallets and agent banking. Cheque usage continued its sharp decline while retail electronic payments reached ₦3,458.77 trillion. The figures show that mobile money is becoming one of...
News

Electric Vehicle Sales Race Toward 23 Million in 2026 as Africa’s EV Market Doubles

Joy Onuorah, THEWILL -
Global electric vehicle sales are expected to reach a record 23 million in 2026. Africa's EV market more than doubled in the first half of the year, led by South Africa and Egypt. Nigeria did not feature among...
Business

43 Insurers Clear Recapitalisation Hurdle as NAICOM Begins Industry Reset

Joy Onuorah, THEWILL -
NAICOM says 43 insurance and reinsurance companies have met Nigeria's new minimum capital requirement. The Commission says the exercise marks the beginning of a stronger and more resilient insurance industry. Eight additional firms remain under regulatory review after...
Business

AI Can Find Borrowers Nigerian Banks Keep Missing — World Bank

Joy Onuorah, THEWILL -
World Bank Chief Economist Indermit Gill says AI can help banks and regulators allocate capital more efficiently by improving risk assessment. He argues Nigeria should prioritise predictive AI that solves practical problems instead of pursuing expensive frontier models. ...
Business

Why Hakeem Belo-Osagie Sold UBA For $250m After Saving It From Bankruptcy

Joy Onuorah, THEWILL -
Hakeem Belo-Osagie says buying UBA was meant to be an investment, not a lifelong banking career. He discovered the bank was effectively bankrupt weeks after the acquisition and spent years rebuilding it. The turnaround came with mass restructuring,...
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About Me

https://thewillnews.com
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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