Business

May 26 (THEWILL) — The Federal Government has cancelled $717.7 million in undisbursed funding under the World Bank-backed Power Sector Recovery Performance-Based Operation (PSRO), dealing a major blow to Nigeria’s efforts to restore stability and financial sustainability in the...

May 25 (THEWILL) — The operational expansion of the 650,000-barrels-per-day Dangote Petroleum Refinery & Petrochemicals is significantly reducing Nigeria’s dependence on imported fuel and strengthening the country’s external position, according to the Economist Intelligence Unit (EIU). In its latest assessment...

May 25 (THEWILL) — The Nigerian stock market sustained its bullish momentum on Monday, as renewed buying interest in large-cap and mid-tier stocks pushed the Nigerian Exchange higher, with market capitalisation gaining ₦905 billion. At the close of trading, the...

May 25 (THEWILL) — Nigeria’s economy expanded by 3.89 percent year-on-year in real terms in the first quarter of 2026, signalling a stronger economic performance compared to the 3.13 percent growth recorded in the corresponding period of 2025, according...

May 25 (THEWILL) — Unilever Nigeria Plc led the Nigerian Fast-Moving Consumer Goods (FMCG) pack in Q1 2026, as Nestlé Nigeria Plc and Cadbury Nigeria Plc reported varying degrees of margin pressure amid sustained cost inflation. The three NGX-listed stocks...

May 25 (THEWILL) — Global oil markets are facing what leading investment banks describe as an extreme and fast-evolving supply shock, as inventories collapse and flows through the Strait of Hormuz remain heavily disrupted. Barclays warned that the market is...

May 25 (THEWILL) — Nigeria’s external reserves have staged a recovery after a difficult April marked by sustained declines linked to foreign exchange interventions, debt service obligations, and global market pressures. Latest data from the Central Bank of Nigeria (CBN)...

May 25, (THEWILL) — The five-year growth plan recently unveiled by Seplat Energy Plc, will significantly advance Nigeria's local content policy by increasing indigenous participation, enhance technical capacity, and boost domestic energy supplies. The unveiling of the 5-year plan comes...

May 25, (THEWILL) — As Nigeria’s monetary authorities maintain a tight monetary policy stance following the latest Monetary Policy Committee (MPC) decision, the audited FY2025 financial statements of leading manufacturers reveal a decisive shift in what defines corporate strength....

May 25, (THEWILL) — The Finance Correspondents Association of Nigeria (FICAN) has elected a new executive to pioneer its affairs for the next three years beginning from September, 2026. The election produced the association’s first female chairman in its 36-year...