Business

May 25 (THEWILL) — The Nigerian naira maintained relative stability against the United States dollar on Monday, May 25, 2026, trading within a narrow band across both the official and parallel foreign exchange markets amid sustained pressure on retail...

May 24, (THEWILL) — The anticipated initial public offering (IPO) by Dangote Petroleum Refinery and Petrochemicals Limited, set for September 2026, will signify a pivotal transformation in Nigeria's energy sector, greatly influencing the economic progress of the African continent. Conversely,...

May 24, (THEWILL) — Nigeria’s equities market closed the week on a negative note as declining investor activity and sustained profit-taking pressured key market indicators, despite selective gains recorded in banking and consumer goods counters. Data from the Nigerian Exchange...

May 24, (THEWILL) — The Central Bank of Nigeria’s Monetary Policy Committee (MPC) has unanimously voted to retain the Monetary Policy Rate (MPR) at 26.50 percent, choosing caution over monetary easing as inflation resumed its upward climb and economic...

May 22, (THEWILL) — Nigeria’s equities market closed Friday’s trading session on a positive note as renewed buying interest in select mid-cap stocks lifted the benchmark indices higher. At the close of trading on the Nigerian Exchange Limited, market capitalisation...

May 22, (THEWILL) — Wema Bank Plc has received an upgrade in its long-term rating from ‘A-’ to ‘A’ by Agusto & Co, reflecting the bank’s improved profitability, stronger liquidity position, and sustained shareholder support. The rating agency also affirmed...

May 22, (THEWILL) — Dr Piriye Kiyaramo, the publisher of the Blue Economy Newsmagazine and Chief Executive Officer of the Africa Blue Economy Roundtable (ABER), has congratulated Professor Momoko Kitada on receiving the 2026 IMO Gender Equality Award. ...

May 22, (THEWILL) — Nigeria’s proposed $500 million Airbus Maintenance, Repair and Overhaul (MRO) facility is facing growing scrutiny from aviation analysts and industry stakeholders, with experts questioning the long-term commercial viability of the ambitious project. The planned facility, which...

May 22, (THEWILL) — Tetracore GTL Limited, a subsidiary of Tetracore Energy Group, has signed a strategic Memorandum of Understanding (MoU) with Velocys Technologies Limited to support the development of a proposed 5,000 barrels-per-day modular Gas-to-Liquids (GTL) facility in...

May 22, (THEWILL) — The Nigerian naira recorded fresh gains against the British pound sterling in the foreign exchange market, strengthening to ₦1,840/£1 amid rising political and economic uncertainty in the United Kingdom. Latest data from the Central Bank of...