Ogochukwu Onwaeze, THEWILL

Local refineries supplied 78.6 percent of Nigeria's petrol demand in the first half of 2026, up from 38.9 percent in 2025, while imports dropped to 21.4 percent, according to MEMAN. The report said expanded refining capacity led by...

The Federal Government is weighing a dollar-for-naira swap arrangement to ease Dangote Refinery's growing foreign exchange burden as crude suppliers continue to demand payment in dollars. Dangote says inadequate crude supplied under the naira-for-crude initiative has forced it...

Federal civil servants have given Finance Minister Taiwo Oyedele until August 11 to resolve outstanding wage awards and the delayed 40 percent peculiar allowance or risk industrial action. Workers accused the minister of ignoring repeated appeals, saying that...

August 03, (THEWILL) — The Chairman of the Alliance for Economic Research and Ethics (AERE), Dele Oye, has said that the record $4.375 billion achieved in Nigeria's foreign exchange market within a single week has exposed the vulnerability of...

Dangote Industries is investing over $800 million to expand the Itori cement plant in Ogun State, doubling production capacity from six million to 12 million tonnes annually. The expansion is expected to strengthen local cement supply, increase exports,...

The Nigerian stock market ended the week on a subdued note as sustained profit-taking kept the benchmark index in negative territory despite renewed buying interest in selected stocks. Eterna, Regal Insurance, Consolidated Hallmark and Associated Bus Company Plc...

Tolaram's 58.02 percent stake in Guinness Nigeria has grown from $70 million to about $355 million in just over two years. The brewer has returned to profitability after years of foreign exchange losses and balance sheet pressure. The...

NNPC's profit after tax rose 15.8 per cent to ₦535 billion in June, while revenue climbed to ₦4.39 trillion, reflecting stronger financial performance despite lower crude oil output. The national oil company remitted ₦6.29 trillion to the Federation...

Nigerian Breweries grew profit before tax by 18 percent to ₦156.3 billion in the first half of 2026 as stronger revenue and lower finance costs lifted earnings. The brewer eliminated its interest-bearing debt and returned retained earnings to...

MTN Nigeria reported a record ₦1.09 trillion profit before tax in the first half of 2026, driven by strong growth in data revenue, improved operating efficiency and lower borrowing costs. Revenue rose 25.9 percent to ₦2.99 trillion, while...