Ogochukwu Onwaeze, THEWILL

OMO Bills Overtake FX As FMDQ Exchange Turnover Hits ₦249.18trn In Four Months

May 21, (THEWILL) — The FMDQ Exchange recorded a total market turnover of ₦249.18 trillion between January and April 2026, reflecting sustained trading activity across Nigeria’s fixed income, foreign exchange, and money markets. The figures, disclosed by the Group Chief...

Africa’s Solar Demand Accelerates As China’s Panel Exports Jump 83 Percent

May 21, (THEWILL) — China’s exports of solar panels and cells to Africa surged 83 percent year-on-year in April 2026, highlighting the continent’s growing appetite for renewable energy solutions amid rising electrification efforts and increased investment in solar infrastructure. According...

Dangote Refinery Attracts Nearly $2bn Investor Interest Ahead Of IPO

May 21, (THEWILL) — Africa’s richest man, Aliko Dangote, has revealed that the planned private placement for the Dangote Petroleum Refinery has already attracted close to $2 billion in investor requests ahead of the company’s proposed initial public...

S&P Upgrades Nigerian Banks On Stronger Economy, Reform Gains

May 21, (THEWILL) — Improving macroeconomic conditions and ongoing economic reforms have continued to strengthen confidence in Nigeria’s financial system, prompting S&P Global Ratings to upgrade the long-term global scale ratings of seven Nigerian banks from ‘B-’ to ‘B’. The...

Otedola Eyes $100m Stake In Dangote Refinery Ahead Of IPO

May 21, (THEWILL) — Billionaire businessman and philanthropist, Femi Otedola, has revealed plans to invest $100 million in the forthcoming Initial Public Offering (IPO) of Dangote Petroleum Refinery and Petrochemicals, further signalling growing investor confidence in the mega refinery...

NGX Reverses Gains as Heavyweight Losses Drag Market Lower

May 20, (THEWILL) — Nigeria’s equities market closed in negative territory on Wednesday as losses in major bellwether stocks outweighed gains recorded across several mid- and small-cap counters. At the close of trading on the Nigerian Exchange Limited, market capitalisation...

FAAN Activates Enhanced Ebola Screening At International Airports

May 20, (THEWILL) — The Federal Airports Authority of Nigeria (FAAN) has activated enhanced Ebola response protocols across all international airports in the country as part of efforts to prevent the possible spread of the virus into Nigeria. The move...

Nigeria’s Q1 Tax Revenue Rises To ₦7.44trn But Falls Below Target By ₦2.24trn

May 20, (THEWILL) — Nigeria’s tax revenue increased to ₦7.44 trillion in the first quarter of 2026, representing a 23.2 percent year-on-year growth, but collections still missed the government’s target by ₦2.24 trillion despite ongoing tax reforms. Documents presented by...

Customs Unveils Digital Declaration Platform To Ease Airport Clearance Delays

May 20, (THEWILL) — The Nigeria Customs Service (NCS) has launched a new digital passenger declaration platform to reduce delays, improve transparency, and enhance operations at Nigeria’s international airports. The platform, known as the Simplified Customs Advanced Declaration System (SCADS),...

World Bank: Global Carbon Pricing Revenue Surpasses $107bn In 2025

May 20, (THEWILL) — Global revenues generated from carbon pricing mechanisms rose above $107 billion in 2025, according to the World Bank’s latest “State and Trends of Carbon Pricing 2026” report. The report showed that annual revenues from emissions trading...

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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