Business

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...

NGX Extends Gains as Market Capitalisation Rises to ₦161.28trillion

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May 19, (THEWILL) — Nigeria’s equities market sustained its upward momentum on Tuesday as the benchmark indices closed higher, driven by renewed buying interest in select mid- and small-cap stocks. At the close of trading, market capitalisation rose from ₦160.362...

CBN Opens ₦650bn Treasury Bills Auction As Investors Eye Higher Yields

May 19, (THEWILL) — The Central Bank of Nigeria (CBN) has announced a fresh ₦650 billion Nigerian Treasury Bills (NTBs) auction scheduled for Wednesday, May 20, 2026, as part of the Federal Government’s second-quarter domestic borrowing programme. The auction, disclosed...

DEER Nigeria Unveils AI-Powered App As Cooking Gas Crisis Deepens

May 19, (THEWILL) — As Nigeria grapples with rising cooking gas prices and worsening energy supply shortages, DEER Nigeria has launched the third version of its digital energy platform, designed to simplify access to cooking gas, diesel, electricity tokens,...

FG Moves To Curb Illegal Taxes, Unveils Fresh Guidelines For States, LGAs

May 19, (THEWILL) — The Federal Government has announced plans to introduce fresh regulations and implementation guidelines to tackle illegal and multiple taxation by state and local governments across Nigeria. The Minister of Finance and Coordinating Minister of the Economy,...

Dangote Refinery Slashes Jet A1 Price To ₦1,650, Offers Credit Support To Airlines

May 19, (THEWILL) — Dangote Petroleum Refinery has reduced the ex-depot price of aviation fuel, also known as Jet A1, from ₦1,750 to ₦1,650 per litre, in a move expected to ease mounting pressure on Nigeria’s aviation industry. The refinery...

SEC Sets June 1 Deadline For Nigeria’s Shift To T+1 Settlement Cycle

May 19, (THEWILL) — Nigeria’s Securities and Exchange Commission (SEC) has issued fresh guidance ahead of the country’s transition to a T+1 settlement cycle for equities and commodities transactions, a move to deepen market efficiency and align the local...

Nine Ships Arrive Lagos Ports with Petroleum Products, Others

May 18, (THEWILL) — No fewer than nine vessels have berthed at the Lekki, Tin-Can Island, and Apapa ports in Lagos State, awaiting clearance to discharge petroleum products including Premium Motor Spirit (petrol), aviation fuel, diesel, gasoline, and bulk...

Tony Elumelu Set to Join Seplat Board After $500m Stake

May 18, (THEWILL) — Multi-billionaire chairman of United Bank for Africa (UBA) Plc, Mr. Tony Elumelu, is expected to be formally elected to the board of Seplat Energy Plc on Wednesday, May 20, 2026, as shareholders gather virtually for...