Business

May 15, (THEWILL) — The Nigerian naira strengthened against the British pound in the first half of May, trading around N1,853/£1 in the foreign exchange market, as political uncertainty in the United Kingdom continued to pressure the pound sterling. Data...

May 15, (THEWILL) — The Central Bank of Nigeria (CBN) recorded a massive N5.63 trillion in Open Market Operations (OMO) sales within two weeks, underscoring sustained investor appetite for high-yield fixed-income instruments amid aggressive liquidity tightening by the apex...

May 14, (THEWILL) — The Nigerian equities market closed slightly lower on Thursday as mild profit-taking in several mid-cap stocks offset gains recorded in select counters, leaving key market indicators marginally weaker at the close of trading. Market capitalisation declined...

May 14, (THEWILL) — Indian telecom giant, Bharti Airtel, is deepening its investment in Africa with plans to raise its stake in Airtel Africa to as much as 90 percent through a proposed $2.9 billion share swap, as the...

May 14, (THEWILL) — Key members of OPEC+ are preparing to press ahead with gradual oil production quota increases in a bid to fully restore the 1.65 million barrels per day (bpd) cuts introduced in 2023 by the end...

May 14, (THEWILL) — The Securities and Exchange Commission (SEC) has warned Nigerians against the growing number of unregistered online investment schemes being promoted across social media platforms, describing many of them as Ponzi operations designed to defraud...

May 14, (THEWILL) — Nigeria’s petrol imports declined sharply in the first quarter of 2026 as increased output from local refineries strengthened domestic fuel supply, according to data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). The...

May 13, (THEWILL) — A member of the Central Bank of Nigeria’s Monetary Policy Committee (MPC), Professor Murtala Sabo Sagagi, has warned that uncontrolled fiscal spending, especially during politically sensitive periods, could undermine the country’s ongoing fight against inflation. Sagagi...

May 13, (THEWILL) — Nigeria’s headline inflation rate is projected to rise to 16.42 percent year-on-year in April 2026, according to the latest Inflation Forecast report released by the Financial Market Dealers Association (FMDA). The report, published on May 13...

May 13, (THEWILL) — The Nigerian equities market closed largely flat on Wednesday as marginal gains in selected stocks offset losses across other counters, leaving key market indicators with minimal movement. At the close of trading, the market capitalisation inched...