Ogochukwu Onwaeze, THEWILL

August 17, (THEWILL) — Nigeria’s external reserves have climbed above $52 billion, reaching their highest level in about 17 years, but the naira has not responded with a corresponding surge. The apparent disconnect highlights an important reality about Nigeria’s...

President Bola Tinubu insists the Port Harcourt, Warri and Kaduna refineries will return to operation and says his administration will take responsibility for making them profitable. Former President Olusegun Obasanjo argues that private-sector participation is a better model,...

Market capitalisation declined by N257 billion, from N156.880 trillion at the opening to N156.623 trillion at the close. The NGX All-Share Index fell by 398.18 points, from 243,017.38 to 242,619.20. Market breadth remained negative, with 21 gainers against...

Investors submitted ₦4.93trn for just ₦600bn of OMO bills, underscoring the strong appetite for CBN’s high-yielding securities. The auction was oversubscribed by more than eight times. The 138-day OMO bill attracted ₦3.66trn in bids against ₦300bn offered, with...

Investors placed ₦498.6bn worth of bids for Dangote Sugar’s rights issue, exceeding the ₦485.9bn offer by ₦12.7bn. The strong demand pushed the offer into oversubscription. The company received 14,595 valid applications for 8.31bn shares, representing a 102.6 percent...

Dangote Petroleum Refinery plans to prioritise its Nigerian IPO before considering a listing on an overseas exchange. CEO David Bird says the company wants at least three years of production and financial performance to establish a stronger track...

Virtual-asset tax defaulters face a N10 million penalty in the first month and N1 million for every subsequent month, according to PwC’s analysis of the NRS guidelines. Failure to deduct tax at source attracts a 40 percent penalty,...

CBN removes restrictions limiting banks’ access to its Standing Lending Facility because of their participation in FX and government securities markets. Apex Bank restores collateralised funding for tenors of four to 90 days and expands OMO participation to...

Market capitalisation declined by N613 billion, from N157.493 trillion at the opening to N156.880 trillion at the close. The NGX All-Share Index fell by 949.71 points, from 243,967.09 to 243,017.38. Market breadth weakened significantly, with 16 gainers against...

The Federal Government approved tax waivers for nearly 4,000 electric vehicles imported into Nigeria in the first half of 2026. Nigeria is pushing electric mobility towards its 2050 target despite unreliable electricity and only about 48 public charging...