Business

Nigeria’s Customs Modernisation Project has been adopted as the model for a 20-year, $3.1bn AfCFTA customs modernisation programme across about 50 member countries. The ICRC says the deal demonstrates how properly structured public-private partnerships can attract private capital,...

The Nigeria Customs Service generated ₦4.03trn in revenue in the first half of 2026, putting it well ahead of its mid-year pace and strengthening its prospects of meeting the ₦11.074trn target set for the full year. Comptroller-General Adewale...

Weekly FX turnover jumped 117% to $3.73bn by August 7. Spot transactions accounted for 99.33% of all activity. Daily average turnover more than doubled to $745.89m. Forward and derivative trading remained a tiny part of the market. August 11,...

OPay is reportedly exploring a US IPO that could value it at about $4bn. NGX wants Nigerians to own shares in fintechs built on the local market. Dual listings could connect global capital with Nigeria’s growing digital economy. ...

Nigerian local refineries received 53.7 million barrels of crude oil and condensate between April and June 2026, representing 97.4 per cent of the volumes allocated under the Domestic Crude Supply Obligation. Supply performance varied sharply across the quarter,...

Dangote Sugar swung from a ₦24.27bn loss to ₦41.51bn profit in H1 2026. Revenue fell 8.9 percent, even as profit surged. Cost of sales dropped by ₦80.5bn during the period. Finance costs also fell by ₦14.55bn. August 11, (THEWILL)...

The NUPRC says Dangote Refinery rejected about 15.5 million barrels of crude offered by producers in Q2 2026. The regulator reported that producers offered 68.1 million barrels, but the refinery accepted 52.6 million barrels. Dangote disputed the figures...

Lagos State emerged as Nigeria’s biggest recipient of FAAC allocations in the first half of 2026, receiving N365.78bn and overtaking oil-producing states including Delta and Rivers in the ranking. Lagos’ allocation jumped 54.39 percent year-on-year from N236.92bn, with...

Nigerian equities opened the new trading week strongly, with market capitalisation rising by ₦1.91 trillion to ₦160.421 trillion as the NGX All-Share Index climbed 1.20 percent to 248,529.75 points. Despite the sharp rise in the benchmark index, market...

Hussaini and Hassan Malami joined NNPC’s 2026 intake together. Hassan almost missed the recruitment after believing a family could have only one successful applicant. Both brothers received their employment offers on the same day. They now work in...