Business

Nigeria’s Daily Oil Output Records 10.7% Drop In February, Maintains Africa’s Top Producer

March 12, (THEWILL) — Nigeria’s crude oil production fell to 1.31 million barrels per day (bpd) in February 2026, representing a 10.7 percent decline from January’s 1.45 million bpd, according to the latest figures from the Organisation of...

Fertiliser Prices Surge 11% Ahead Of Planting Season, Raising Food Inflation Concerns

March 12, (THEWILL) — Fertiliser prices have surged by about 11 percent just weeks before the planting season, raising fresh concerns that food inflation could accelerate in the coming months as farmers grapple with rising production costs. Market surveys show...

FG Rules Out Petrol Price Regulation Despite Global Oil Volatility

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March 12, (THEWILL) — The Federal Government of Nigeria has ruled out any plan to regulate petrol prices despite growing concerns over the impact of escalating tensions in the Middle East on global oil markets. The Minister of Finance and...

Oil Surges Past $100 As Middle East Tensions Undermine Global Supply Relief

March 12, (THEWILL) — Global oil prices climbed above the $100-per-barrel threshold after attacks linked to Iran heightened fears of supply disruptions in the Middle East, offsetting efforts by the International Energy Agency (IEA) to stabilise markets through a...

Equities Market Extends Decline as Sell-Off Drags Key Indicators Lower

March 11, (THEWILL) — The Nigerian equities market closed Wednesday’s trading session on a negative note as sustained selling pressure across several counters weighed on market performance. At the close of trading, market capitalisation declined from ₦125.857 trillion at the...

BoI, GEN Nigeria Strengthen Collaboration To Support MSMEs

March 11, (THEWILL) — Bank of Industry (BoI) and Global Entrepreneurship Network Nigeria (GEN Nigeria) have reaffirmed their commitment to deepening collaboration to expand opportunities for micro, small and medium enterprises (MSMEs) across the country. The renewed partnership was...

NGX Leads Push For Gender Equality In Capital Markets

March 11, (THEWILL) — Leaders from Nigeria’s financial ecosystem, government, and the private sector gathered in Lagos on Tuesday, March 10, 2026, as the Nigerian Exchange Group (NGX Group) convened stakeholders for the 2026 Ring the Bell for...

Equities Market Slides as Sell-Off Wipes ₦726bn from Market Capitalisation

March 10, (THEWILL) — The Nigerian equities market closed Tuesday’s trading session on a negative note as sustained profit-taking across several counters pushed key performance indicators lower. At the close of trading, market capitalisation declined from ₦126.583 trillion at the...

Nigeria’s Largest Brewer Tries Local Barley To Reduce $150m Import Bill

March 10, (THEWILL) — Nigeria’s biggest brewing company, Nigerian Breweries, has begun testing the cultivation of locally grown barley as part of a strategy to reduce the country’s heavy reliance on imported brewing inputs. The company showcased the results of...

MTN Nigeria Stock Gets Higher Target Price From CardinalStone

March 10, (THEWILL) — Analysts at CardinalStone Securities Limited have reaffirmed a “Buy” rating on shares of MTN Nigeria Communications Plc, citing an improving earnings outlook and sustained demand for telecom services. According to the investment firm, MTN Nigeria’s 12-month...