Business

July 27, (THEWILL) — Nigeria’s rebased GDP puts the economy’s size at N372 trillion as of 2024 -- equivalent to US$244 billion at a recent exchange rate of N1,550/US$1. In USD terms, this constitutes a $266 billion slump in...

July 27, (THEWILL) — Africa is increasingly becoming a destination for cheap, often toxic petroleum products — many of which are blended to substandard levels that would not be permitted in Europe or North America. This concern was raised by...

July 27, (THEWILL) — Central Securities Clearing System Plc (CSCS), Nigeria’s premier capital market infrastructure, is pleased to announce the official launch of its Custodian Portal, a user-centric digital solution designed to optimize custodian operations through intuitive, secure, and...

July 25, (THEWILL) — Commercial banks in Nigeria closed 29.4 million accounts as of March 2025, according to the latest report by the Nigerian Interbank Settlement System (NIBSS). The figure represents a sharp year-on-year increase of 30.43 per cent from...

July 22, (THEWILL) — The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate at 27.50 percent, marking its third consecutive hold in 2025. This decision was announced by the CBN Governor, Olayemi...

July 22, (THEWILL) — The Nigerian National Petroleum Company Limited (NNPCL) has reported a total revenue of N4.571 trillion for June 2025, marking a decline from the N6.008 trillion recorded in May. According to its June 2025 Monthly Report Summary,...

July 21, (THEWILL) — The $18 billion reportedly spent on the repairs of the Nigerian National Petroleum Company Limited (NNPCL) refineries constitutes a per capita contribution of N135,000 by 200 million Nigerians over 10 years.   Although various figures had featured...

July 20, (THEWILL) — The Federation Allocation Account Committee (FAAC) has shared a total sum of N1.818 trillion to the Federal Government, States and Local Government Councils as June 2025 Federation Account Revenue. The allocation was shared at the...

July 20, (THEWILL) — Shares of Guaranty Trust Holding Company Plc (GTCO) recorded a 66.8 percent gain, year-to-date, as of Friday, July 18, 2025, closing at N95.05 per share against N57 it opened at the beginning of the year. In...

July 20, (THEWILL) — At the NOG Energy Week in Abuja, industry leaders robustly defended Nigeria’s local content policy, rejecting claims that it inflates business costs in the oil and gas sector.   They cautioned that such criticisms jeopardize the nation’s...