Ogochukwu Onwaeze, THEWILL

March 19, (THEWILL) — The Dangote Refinery imported crude oil worth $3.74 billion in 2025, highlighting its growing dependence on foreign feedstock despite Nigeria’s status as a major oil producer.  The scale of imports reflects persistent constraints...

March 19, (THEWILL) — The Central Bank of Nigeria (CBN) recorded subdued demand at its latest Open Market Operations (OMO) auction, as foreign portfolio investors (FPIs) scaled back participation, leading to lower sales. Market data indicates that the auction...

March 18, (THEWILL) — UK‑based Twinings Ovaltine has launched a £24 million manufacturing facility in Lagos, marking the brand’s first major production site in Africa and a significant expansion of its footprint in the region. The new plant,...

March 18, (THEWILL) — Nigeria’s stock market recorded a modest pullback on Wednesday, as investor caution weighed on prices across key sectors. The NGX All-Share Index (ASI) opened at 202,559.41 points but slipped to 201,156.86 by the close, while...

March 18, (THEWILL) — The governor of the Central Bank of Nigeria (CBN), Mr Olayemi Cardoso, says Nigeria’s recent monetary and financial sector reforms have strengthened the economy’s ability to withstand external shocks and restored investor confidence. Speaking at the...

March 18, (THEWILL) — Deposit money banks have begun adjusting savings rates following the recent Monetary Policy Rate cut by the Central Bank of Nigeria (CBN), with the benchmark savings deposit rate now at 7.95 percent per annum, representing...

March 18, (THEWILL) — The contribution of the Nigerian Railway Corporation (NRC) to Nigeria’s Gross Domestic Product fell sharply to -2.835 percent in the fourth quarter of 2025. It marked a significant reversal from the 42.576 percent growth recorded...

March 18, (THEWILL) — The Central Bank of Nigeria (CBN) is set to raise ₦1.05 trillion at a Treasury Bills auction scheduled for March 18, bringing total short-term borrowing by the Federal Government to nearly ₦3 trillion within...

March 17, (THEWILL) — Nigeria’s payment system has experienced dramatic growth over the past decade, driven by regulatory reforms from the Central Bank of Nigeria (CBN) and technological innovation by the Nigeria Inter‑Bank Settlement System (NIBSS). The backbone of the...

March 17, (THEWILL) — Nigeria’s stock market maintained its bullish momentum on Tuesday, as the NGX All-Share Index (ASI) rose to 202,559.41 points, up from 201,474.89 points at the previous session. Market capitalisation expanded to ₦130.03 trillion, reflecting strong...