Ogochukwu Onwaeze, THEWILL

Customs Uncovers Fake NAFDAC Registration In ₦53.4bn Drug Seizure

July 2 (THEWILL) — The Nigeria Customs Service (NCS) has uncovered an attempt to smuggle unregistered pharmaceutical products into the country using a fake National Agency for Food and Drug Administration and Control (NAFDAC) registration number during a major...

Agusto Upgrades MTN Nigeria To Top Aaa Rating Despite Recent Share Price Correction

July 2 (THEWILL) — MTN Nigeria Communications Plc has been upgraded to an Aaa long-term rating by Agusto & Co., the highest rating on the agency's national scale, reflecting the telecom operator's stronger earnings, improved liquidity and lower debt...

Lagos Food Prices Mixed In June As Titus Fish Soars 93 Percent, Rice, Cooking Gas Ease

July 2 (THEWILL) — Food prices across major Lagos markets posted mixed movements in June, with higher prices for fresh produce offset by declines in several household staples as supply conditions gradually improved. The latest Nairametrics Food Price Watch, which...

PenCom, ICPC Recover Over ₦3bn In Unpaid Pension Contributions

July 2 (THEWILL) — The National Pension Commission (PenCom) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC) have recovered more than ₦3 billion in unremitted pension contributions from defaulting employers. The recovery was made under a joint...

NNPC Revenue Drops By ₦636bn In May Despite Steady Oil Output

July 2 (THEWILL) — The Nigerian National Petroleum Company Limited (NNPC) recorded a ₦636 billion decline in revenue in May despite maintaining stable crude oil and gas production during the month. The national oil company disclosed this in its latest...

CBN Limits Contract Suspensions For Troubled Banks To Two Business Days

July 2 (THEWILL) — The Central Bank of Nigeria (CBN) has capped the suspension of certain contractual obligations involving troubled banks at two business days. The guidance takes immediate effect. The clarification is contained in an interpretative guidance issued by...

NGX Rebalances Key Market Indices in Half-Year Review

July 01 (THEWILL) — Nigerian Exchange Limited (NGX) has announced the outcome of its Half-Year 2025 review of its market indices. This updated the composition of several key benchmarks to reflect prevailing market conditions and ensure the indices remain representative...

IMF Flags Unreported Nigerian Public Spending Worth 2 Percent of GDP

July 01 (THEWILL) — The International Monetary Fund (IMF) has disclosed that Nigeria recorded public spending equivalent to about 2 percent of its Gross Domestic Product (GDP) outside recent official budgets. It noted that the anomaly created a gap between...

NGX Extends Losing Streak as Investors Shed ₦2.39tn

July 01 (THEWILL) — The Nigerian Exchange (NGX) closed lower on Wednesday, extending its bearish run as sustained selling pressure across key counters erased ₦2.39 trillion from investors’ wealth. Market capitalisation declined from ₦147.217 trillion at the opening of trade...

Q2 Capital Migration: Liquidity Squeeze Behind NGX Pullback

July 1 (THEWILL) — Nigeria’s equities market entered the second quarter of 2026 on the back of one of its strongest rallies in nearly two decades. By May, the Nigerian Exchange (NGX) had pushed the benchmark All-Share Index (ASI)...

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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