Business

The Bank of Industry has opened subscriptions for a ₦250bn five-year fixed-rate bond to raise long-term funding for businesses across key sectors of the Nigerian economy. The bond, which offers a yield of between 17.35% and 17.50%, will...

Delta, Bayelsa and Akwa Ibom shared N242.63 billion in the first quarter, accounting for about 75.4 percent of the N321.90 billion derivation funds distributed to Nigeria’s 11 oil-producing states. Delta emerged as the biggest beneficiary with N101.60 billion,...

Dangote Refinery is targeting a $5bn IPO in Nigeria. Johannesburg wants the refinery on its exchange next. Kenya could also feature in the wider fundraising plan. Dangote wants Africans to own part of the business. August 07, (THEWILL) —...

The Federal Government has identified a $3.4 billion red meat export market as a major opportunity for Nigeria’s livestock sector, with Cross River being positioned as a potential export hub. The government plans to establish an abattoir ecosystem...

Dangote Refinery supplied more than 400,000 tonnes of jet fuel to Europe in July, accounting for about 20 per cent of the continent’s total jet fuel imports, according to Kpler. Europe imported about 2.06 million tonnes of jet...

Araxi says Meta's actions led to GovChat's collapse. Competition case against Meta remains before South Africa's Tribunal. Regulator alleges abuse of market dominance. Case highlights the risks of building businesses on third-party platforms. August 06, (THEWILL) — Millions of...

Nigerian equities market added ₦192 billion on Thursday as gains in FCMB, Eterna and AVACAP lifted the benchmark index despite a negative market breadth. Twenty-four stocks advanced against 35 decliners, highlighting continued selective buying amid sustained profit-taking across...

Jerry Falade's debut novel sparked a 14-publisher bidding war before the deal fell apart. His literary agency withdrew the manuscript after raising concerns about AI use. Falade insists AI was used only for research, not writing or editing. ...

Aradel Holdings and Seplat Energy generated a combined ₦1.54 trillion in pre-tax profit during the first half of 2026. Aradel's current tax charge almost matched its entire pre-tax earnings following the consolidation of ND Western Despite the tax...

Nigeria is positioning 22 major offshore projects to attract between $30 billion and $50 billion in fresh investments over the next five years. The investment drive is expected to boost crude production, create jobs, expand infrastructure and strengthen...