Ogochukwu Onwaeze, THEWILL

July 9 (THEWILL) — ExxonMobil and its partners have committed $1 billion to the Usan Infill Project in Nigeria's offshore oil sector, with the investment expected to increase the country's crude oil production by about 40,000 barrels per day. The...

July 9 (THEWILL) — The Nigerian National Petroleum Company Limited (NNPC Ltd.) says it is ending the practice of financing the Port Harcourt and Warri refineries with crude-backed loans, as it shifts to a commercial funding model aimed at...

July 9 (THEWILL) — Climate-related risks could increasingly weigh on the financial health of Nigerian banks over the coming decades, with rising exposure to vulnerable sectors likely to weaken credit quality and increase loan losses, according to Fitch Ratings. In...

July 8 (THEWILL) — The Nigerian Exchange (NGX) sustained its bullish momentum on Wednesday as renewed buying interest in large-cap and banking stocks lifted investors’ wealth by ₦3.45 trillion, with the benchmark All-Share Index (ASI) climbing above the 242,000-point...

July 8 (THEWILL) — Premium Pension Limited and Trustfund Pensions Limited have proposed a merger that would create Nigeria's third-largest Pension Fund Administrator (PFA), subject to regulatory approvals. The proposed transaction was disclosed in a merger notification published on Tuesday...

July 8 (THEWILL) — Premium Pension Limited and Trustfund Pensions Limited have proposed a merger that would create Nigeria's third-largest Pension Fund Administrator (PFA), subject to regulatory approvals. The proposed transaction was disclosed in a merger notification published on Tuesday...

July 8 (THEWILL) — Average annual rent for a two-bedroom apartment in Lekki Phase 1 has climbed to ₦10 million, making it the fastest-growing residential rental market among Lagos Island's prime neighbourhoods over the past five years. This is according...

July 8 (THEWILL) — Shareholders of FCMB Group Plc have approved a total dividend payout of ₦23.08 billion for the 2025 financial year, following the company's strong earnings performance and sustained growth across its business segments. The approval was granted...

July 8 (THEWILL) — Galaxy Backbone (GBB) is stepping up efforts to position itself as a key digital infrastructure provider for banks, fintechs and other financial institutions as the Central Bank of Nigeria (CBN) moves to enforce the local...

July 8 (THEWILL) — The Nigerian National Petroleum Company (NNPC) Limited says it saved $3.4 billion through contract restructuring and optimisation between April 2025 and July 2026, while remitting N19.5 trillion to the Federation Account during the same period. Group...