Ogochukwu Onwaeze, THEWILL

Business

President Ruto Orders Crackdown on Nigerians, Other Foreigners Operating Small Businesses in Kenya

Ogochukwu Onwaeze, THEWILL -
Ruto announced the directive during an address to small-scale traders at State House in Nairobi, saying foreigners engaged in such businesses should shut them down from next week.
Business

Dangote Says Economic Reforms Are Driving Nigeria’s Recovery

Ogochukwu Onwaeze, THEWILL -
Dangote said the ongoing fiscal, monetary and regulatory reforms had contributed to improved macroeconomic stability, stronger investor confidence, increased industrial productivity and a more resilient business environment.
Business

World Bank Backs Nigeria’s Power Tariff, Subsidy Reforms to Fix $2.45bn Funding Gap

Ogochukwu Onwaeze, THEWILL -
The framework comes as Nigeria continues to face a major electricity access deficit, unreliable supply and a liquidity crisis that has constrained investment across the sector.
Business

OB3 Ready for First Gas as AKK Pipeline Hits 95 Percent – NNPC

Ogochukwu Onwaeze, THEWILL -
The Nigerian National Petroleum Company Limited has said the Obiafu-Obrikom-Oben (OB3) gas pipeline is ready for first gas, marking a major milestone in the development of Nigeria’s gas transmission infrastructure.
Business

Diesel Imports Hit 245m Litres as Modular Refineries Supply Just 2.5 Percent

Ogochukwu Onwaeze, THEWILL -
The figures were contained in the midstream and downstream statistics for July 2026 released by the Nigerian Midstream and Downstream Petroleum Regulatory Authority.
Business

NGX Slips 0.03 Percent As NASCON, Beta Glass Lead Sell-Off

Ogochukwu Onwaeze, THEWILL -
The Nigerian Exchange closed Wednesday’s session marginally lower, with the All-Share Index declining 63.46 points from 246,082.63 at the open to 246,019.17 at the close.
Business

Uber Exits Nigeria After 12 Years As Ride-Hailing Economics Come Under Pressure

Ogochukwu Onwaeze, THEWILL -
Global ride-hailing company Uber is winding down its operations in Nigeria after 12 years, ending its presence in one of Africa’s largest and most competitive transport markets.
Business

Scott Bessent Says Strait of Hormuz Could Become ‘Worthless’ Within Two Years

Ogochukwu Onwaeze, THEWILL -
Speaking during a discussion with Larry Kudlow at the G20 financial meetings in Asheville, North Carolina, Bessent said the strait would be bypassed within two years.
Business

NNPC Profit Drops 47.9 Percent to N279bn as Crude, Gas Output Weaken

Ogochukwu Onwaeze, THEWILL -
The decline reversed much of the strong earnings improvement recorded between March and June, when monthly profit rose from N276 billion to N481 billion in April, N462 billion in May and N535 billion in June.
Business

CNG Draws Over $2bn Investment as Nigeria Expands Gas-Powered Transport

Ogochukwu Onwaeze, THEWILL -
According to the minister, the investment has supported the expansion of CNG refuelling infrastructure, vehicle conversion centres, technical capacity and other components required to drive nationwide adoption.
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About Me

Ogochukwu Onwaeze is a writer specializing in business and economic journalism. At THEWILL News Media, she translates market trends, financial developments, and policy shifts into clear and engaging stories.
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