Business

January 15, (THEWILL) — Nigeria’s headline inflation rose to 15.15 percent in December 2025 following a recalibration of the country’s inflation measurement methodology, the National Bureau of Statistics (NBS) said. The revision aims to provide a more accurate reflection...

January 15, (THEWILL) — The Nigerian Economic Summit Group (NESG) has projected that Nigeria’s inflation rate could fall to single-digit levels by 2029, contingent on the sustained implementation of key macroeconomic and structural reforms. NESG noted that the outlook depends...

January 15, (THEWILL) — An insider of Vitafoam Nigeria Plc has disposed of shares valued at approximately ₦33 million in transactions executed toward the end of the year, according to disclosures filed with the Nigerian Exchange Limited (NGX). The...

January 15, (THEWILL) — The Central Bank of Nigeria (CBN) significantly intensified its liquidity management operations over the past year, with liquidity mop-up activities rising by 182% amid signs of easing inflationary pressures. The sharp increase reflects the apex...

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...