Business

NASS To Investigate $18bn Moribund Refinery Repairs

October 12, (THEWILL) — The House of Representatives on Thursday, October 9, 2025, resolved to investigate the over $18 billion reportedly spent on the rehabilitation of Nigeria’s state-owned refineries in Port Harcourt, Warri, and Kaduna over the past two...

Dangote Refinery Denies Importing ‘Dirty’ Petrol

October 12, (THEWILL) — The Dangote Petroleum Refinery has denied reports making the rounds that it imported finished premium motor spirit (PMS), also known as petrol, with high sulphur content into Nigeria.   Several media outlets had claimed that the refinery...

NGX Weekly Recap: Equities Market Gains ₦1.37trn Amid Sustained Bullish Momentum

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October 12, (THEWILL) — The Nigerian Exchange (NGX) closed the week ended Friday, October 10, 2025, on a positive trajectory as renewed investor confidence and improved liquidity conditions lifted the equities market. The All-Share Index (ASI) appreciated by 2.37%,...

CSCS Hosts Second Webinar on T+2 Settlement Cycle Transition

October 12, (THEWILL) — The Central Securities Clearing System Plc (CSCS), Nigeria’s capital market infrastructure, is set to host its second stakeholder webinar on the transition to the T+2 settlement cycle, themed “Trade Associations Roundtable: Ensuring Stakeholder Readiness for...

Mission Possible – Unity Bank MD Celebrates Resilient Staff, Reaffirms Commitment to Customer Service Excellence

October 12, (THEWILL) — The Managing Director/Chief Executive Officer of Unity Bank Plc, Mr. Ebenezer Kolawole, has said that a service culture built on responsiveness and innovation will differentiate the impact that customer service can make in any organisation. Making...

Moniepoint to Spotlight Informal Sector Realities with New Economy Report

October 12, (THEWILL) — Nigeria’s leading fintech and digital financial services provider, Moniepoint Microfinance Bank, is set to unveil the second edition of its Nigeria Informal Economy Report on Friday, October 17, 2025, in Abuja. The report, produced in partnership...

FG Unveils Digital Trustmark To Verify Online Businesses, Tackle e-Commerce Fraud

October 10, (THEWILL) — The Federal Government has launched the National Digital Trustmark (NDTM), a new framework designed to authenticate online businesses, protect consumers, and curb the rising cases of e-commerce fraud across Nigeria. The initiative, developed by the...

Equities Market Extends Gains As ASI Rises 0.33% On Renewed Buying Interest

October 09, (THEWILL) — The Nigerian Exchange (NGX) sustained its positive momentum on Thursday, as renewed buying interest lifted the benchmark All-Share Index (ASI) by 0.33 percent to close at 146,203.40 points, from 145,719.09 points recorded in the previous...

NEPZA Places 10-Year Ban On Strikes, Lockouts In Dangote Refinery

October 09, (THEWILL) — The Nigeria Export Processing Zones Authority (NEPZA) says its law enforces a 10-year ban on industrial strikes and lockouts in the Free Trade Zones. The Managing Director of the Authority, Olufemi Ogunyemi, provided clarification in reaction...

Services, Agriculture Drive Nigeria’s PMI To 54.0 In September

October 09, (THEWILL) — Nigeria’s private sector continued its steady recovery in September 2025, as the Stanbic IBTC Purchasing Managers’ Index (PMI) rose to 54.0, up from 53.7 in August, marking the 10th consecutive month of expansion. The sustained...