Ogochukwu Onwaeze, THEWILL

Federal Government considers changes to crude allocation and pricing under the Domestic Crude Supply Obligation. Proposed direct-delivery and pricing adjustments could reduce feedstock costs for local refiners. Nigeria supplied 28.5 million barrels to domestic refineries in Q1, less...

Investors and business leaders from more than 50 countries are expected in Nigeria for the November 10–11 International Investors Summit 2026, with organisers targeting more than $100bn in investment opportunities and commitments. The proposed investment pipeline covers oil...

The CBN has opened applications for the second cohort of its Regulatory Sandbox Programme, with applications running from August 12 to August 31, 2026. The new cohort introduces separate tracks for Virtual Asset Service Providers and data-enabled financial...

The NGX reversed Monday’s strong rally as market capitalisation fell by ₦1.17 trillion to ₦159.255 trillion, while the All-Share Index dropped 0.73 percent to 246,723.57 points. Market breadth remained slightly positive, with 28 gainers against 27 decliners, although...

Jeff Bezos’ reported investment in Liverpool offers a useful lesson in accessing valuable assets without having to own them outright. Amazon’s growth shows how businesses can expand by building capabilities around an existing advantage rather than constantly chasing...

Nigeria’s Customs Modernisation Project has been adopted as the model for a 20-year, $3.1bn AfCFTA customs modernisation programme across about 50 member countries. The ICRC says the deal demonstrates how properly structured public-private partnerships can attract private capital,...

The Nigeria Customs Service generated ₦4.03trn in revenue in the first half of 2026, putting it well ahead of its mid-year pace and strengthening its prospects of meeting the ₦11.074trn target set for the full year. Comptroller-General Adewale...

Nigerian local refineries received 53.7 million barrels of crude oil and condensate between April and June 2026, representing 97.4 per cent of the volumes allocated under the Domestic Crude Supply Obligation. Supply performance varied sharply across the quarter,...

The Federal Government is targeting the completion of 100,000 housing units before 2027 as it accelerates the implementation of the Renewed Hope Housing Programme. The initiative combines direct government investment with private-sector partnerships to expand housing supply, improve...

Lagos State emerged as Nigeria’s biggest recipient of FAAC allocations in the first half of 2026, receiving N365.78bn and overtaking oil-producing states including Delta and Rivers in the ranking. Lagos’ allocation jumped 54.39 percent year-on-year from N236.92bn, with...