Business

January 15, (THEWILL) — Nigeria’s power sector recorded an estimated ₦187 billion revenue loss as unbilled electricity supply increased, underscoring persistent inefficiencies across the electricity value chain. Industry data indicate that a significant portion of energy generated and distributed...

January 14, (THEWILL) — The Nigerian equity market sustained its bullish momentum on Wednesday, January 14, as the market capitalisation opened at N106.182 trillion and closed higher at N106.780 trillion. Similarly, the NGX All-Share Index (ASI) advanced from 165,837.33 points...

January 14, (THEWILL) — TotalEnergies has agreed to sell its 10% non-operated stake in Nigeria’s onshore oil venture formerly known as the Shell Petroleum Development Company (SPDC) Joint Venture, now the Renaissance Joint Venture (JV), to Vaaris Resources JV...

January 14, (THEWILL) — The Nigerian Communications Commission (NCC) has appointed PricewaterhouseCoopers (PwC) to conduct an independent review of competition in Nigeria’s telecommunications sector amid concerns over market dominance by some operators. The assessment will examine market concentration, identify operators...

January 14, (THEWILL) — The World Bank has lifted Nigeria’s economic growth outlook, projecting the economy will expand by 4.4 percent in 2026 and again in 2027, marking the fastest pace of growth in more than a decade,...

January 14, (THEWILL) — Nigeria and the United Arab Emirates (UAE) have agreed to eliminate tariffs on more than 13,000 goods, a move expected to strengthen bilateral trade, improve market access and support investment flows between both economies. The tariff...

January 13, (THEWILL) — The global economy is proving more resilient than expected despite persistent trade tensions and policy uncertainty, the World Bank said in its latest Global Economic Prospects report released on Monday. Global growth is projected to remain...

January 13, (THEWILL) — The market on Tuesday, 13 January opened at N104.520 trillion and closed higher at N106.182 trillion, while the All-Share Index (ASI) advanced from 163,244.69 points to 165,837.33 points, reflecting a strong bullish session. The market recorded...

January 13, (THEWILL) — PalmPay has partnered with beverage brand, Premier Cool, to launch the “10k for 10k Campaign”, a nationwide consumer promotion set to reward 10,000 Nigerians with a total of ₦100 million in cash prizes. Under the campaign,...

January 13, (THEWILL) — The Nigeria Customs Service (NCS) has announced the commencement of a new Standard Operating Procedure (SOP) for regulating courier companies operating under the Delivered Duty Paid (DDP) Incoterm. A statement signed by Abdullahi Maiwada,...