Ogochukwu Onwaeze, THEWILL

Dangote Petroleum Refinery has completed a $2.5 billion private placement, one of the largest corporate fundraising deals by an African company, as it prepares for the next phase of its expansion. The offer was oversubscribed by 3.7 times,...

Nigeria's broad money supply increased by N4.04 trillion to N133.25 trillion in June, reflecting sustained liquidity growth despite the Central Bank of Nigeria's decision to retain its benchmark interest rate The expansion was driven mainly by stronger quasi-money...

Kaduna State's free Compressed Natural Gas mass transit scheme has saved commuters more than N3.5 billion in transport costs, with over 3.2 million passenger trips recorded since the initiative began. The state government has deployed 100 CNG-powered buses...

France has reaffirmed its commitment to strengthening trade and investment with Nigeria, its largest trading partner in sub-Saharan Africa and the biggest recipient of French investments in West Africa. More than 100 French companies now operate in Nigeria,...

Investors lost about ₦801 billion as profit-taking in heavyweight consumer stocks dragged the NGX lower despite a positive market breadth. Cadbury and Unilever surged by 10.00 percent each, while Nestlé and BUA Foods led the day’s losers with...

First HoldCo's market capitalisation climbed above N5 trillion during Wednesday's intraday trading after investors responded positively to the group's impressive half-year financial performance. The lender's shares traded between N112 and N113 on the Nigerian Exchange, extending gains from...

Nigeria's external reserves rose to $52.02bn on July 20, marking their highest level since January 2009 and exceeding the Central Bank of Nigeria's projected reserve target for the end of 2026. The country's reserves have expanded by about...

NNPCL's audited 2024 financial statements have sparked fresh scrutiny after revealing N7.13tn in energy security spending. The ADC and former Vice President Atiku Abubakar have questioned the spending, arguing that the figures raise fresh concerns over transparency. Energy...

The House of Representatives has launched an investigation into the human and economic losses suffered by Nigerians in repeated xenophobic attacks in South Africa Lawmakers also urged stronger diplomatic engagement to safeguard Nigerians in South Africa amid renewed...

PEBEC says reforms have shifted from policy design to execution, with faster approvals, regulatory reforms and digital government services now taking centre stage. New initiatives, including ReportGov, port reforms and regulatory impact assessments, are aimed at reducing business...