Business

PenCom Launches New Digital Portal For Federal Retirees COBRA

March 02, (THEWILL) — In a major move to modernise Nigeria’s pension landscape, the National Pension Commission has officially launched a comprehensive digital overhaul of the retirement process for federal employees. This was disclosed in the Guidelines for Verification and...

Dangote Refinery Raises Petrol Ex-Depot Price To ₦875/Litre Amid Crude Oil Surge

March 02, (THEWILL) — The Dangote Petroleum Refinery has increased its Premium Motor Spirit (PMS) gantry price by ₦101, raising the ex-depot rate from ₦774 to ₦875 per litre, a development that has heightened concerns over fresh fuel price...

CBN Reports Stronger Net Reserves As External Buffers Improve

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March 02, (THEWILL) — Governor Olayemi Cardoso says Nigeria’s foreign reserve position strengthened significantly at the end of 2025, reflecting improved external sector fundamentals and sustained monetary reforms. Speaking after the Monetary Policy Committee meeting and in subsequent remarks, Cardoso...

Equities Market Rebounds Strongly, Adds ₦1.7trn As Investor Sentiment Improves

March 02, (THEWILL) — The Nigerian equities market commenced the new trading week on a firm footing, posting a strong rebound as renewed buying interest lifted key market indicators. The trading session opened on Monday with the Market Capitalisation at...

Trade Surplus Hits $1.28bn as Imports Drop Sharply

March 02, (THEWILL) — A significant drop in import expenditure has pushed the country to a $1.28 billion trade surplus, marking a notable turnaround in its external trade position and easing pressure on foreign exchange reserves. Latest trade data show...

Lafarge Africa Grosses N1.1tn Turnover

March 02, (THEWILL) — Lafarge Africa Plc has reported a remarkable N1.1 trillion turnover for the 2025 financial year, marking a historic milestone in the company’s history. WThis represents a 53 percent increase from its N697 billion revenue...

FG Sets Timeline for Direct Payment of Oil Proceeds into Federation Account

March 02, (THEWILL) — The Federal Government has commenced the implementation of Executive Order 9 of 2026, setting a clear timeline for the direct payment of oil proceeds into the Federation Account as part of sweeping reforms ordered...

Nigeria’s Jobless GDP Growth Eclipses Impending Food Crisis, Worsening Poverty

March 02, (THEWILL) — Nigeria's real Gross Domestic Product (GDP) recorded a year-on-year growth of 4.07 percent in the fourth quarter of 2025, which is being hailed as the highest quarterly growth rate since Q4 2024. However, this figure...

Marginal Rate Cut Fails to Ease Funding Squeeze on Manufacturers

March 02, (THEWILL) — When the Central Bank of Nigeria trimmed the Monetary Policy Rate from 27 percent to 26.5 percent last week, the move was interpreted in some quarters as a signal that the tightening cycle may be...

Transcorp Group Delivers Record FY 2025 Performance

March 02, (THEWILL) — Transnational Corporation Plc has announced audited full-year 2025 results showing record financial performance and total assets. The group, regarded as Africa’s leading listed conglomerate with investments in power, hospitality and energy, reported a 33 per cent...