Ogochukwu Onwaeze, THEWILL

Nigeria Lost Over $76bn Running Failed State Enterprises – Oye

April 26, (THEWILL) — Nigeria has lost more than $76 billion attempting to run government-owned enterprises over the past decades, according to a report presented by the Alliance for Economic Research and Ethics. The report was presented by the organisation’s...

Equities Sustain Uptrend as NGX Gains 3.94 Percent Amid Strong Financial Sector Activity

April 26, (THEWILL) — Trading on the Nigerian equities market closed the week on a positive note, as key performance indicators advanced amid sustained investor interest, particularly in financial services and consumer goods stocks. A total turnover of 3.805 billion...

2025 Bank Reports Reflect Capital Rebuilding and Evolving Earnings Mix

April 26, (THEWILL) — Nigeria’s banking sector is entering a new phase of strength and strategic repositioning following the conclusion of the Central Bank of Nigeria’s (CBN) 24-month recapitalisation exercise, which has reshaped balance sheets, risk capacity, and profit...

NGX Group Schedules 65th AGM, Proposes Bonus Share Issue

April 24, (THEWILL) — Nigerian Exchange Group Plc has announced plans to hold its 65th Annual General Meeting (AGM) on April 29, 2026, at 11:00 a.m. at the company’s corporate head office located at 2–4 Customs Street, Lagos. According...

Equities Extend Rally as Market Capitalisation Climbs to ₦145.33tn

April 24, (THEWILL) — Trading on the Nigerian equities market closed on a positive note on Friday, with key performance indicators recording strong gains amid renewed buying interest across several mid-cap counters. The market capitalisation of the Nigerian Exchange...

UniCloud, OADC Strike Deal To Boost Local Cloud, AI Infrastructure Across Africa

April 24, (THEWILL) — UniCloud Africa and Open Access Data Centres have entered a strategic partnership to expand locally hosted cloud and artificial intelligence infrastructure across key African markets, amid rising demand for data sovereignty and in-country digital services. Under...

VAT Revenue to States Rises To ₦551.8bn In February, Extends Growth Streak

April 24, (THEWILL) — Nigeria’s Value Added Tax (VAT) disbursement to states climbed sharply in February 2026, with gross allocations rising by 30.36 percent month-on-month to ₦551.77 billion from ₦423.25 billion recorded in January. Data from the Office of the...

Middle East Conflict Could Weigh On Africa’s Credit Ratings – S&P

April 24, (THEWILL) — S&P Global has warned that the ongoing Middle East conflict could heighten risks for African economies, particularly if the crisis persists, with potential implications for sovereign credit ratings across the continent. In its latest assessment, the...

Conoil, Nimex Face Off In Court Over Disputed $8.49m Judgement Debt

April 24, (THEWILL) — Conoil Plc and Nimex Petrochemicals Ltd. are locked in a legal battle at the Federal High Court, Abuja, over a disputed $8.49 million judgement debt in ongoing garnishee proceedings. Nimex initiated the suit, joining five commercial...

Memoir Launch Rekindles Debate Over Collapse Of Nigeria’s Textile Industry

April 24, (THEWILL) — A former Minister of Environment, Lawrencia Mallam, has decried the collapse of Nigeria’s once-thriving textile industry, describing it as a “national shame” that has worsened unemployment and insecurity. She spoke in Lagos at the launch of...

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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