Business

NNPC To List On Stock Exchange by 2028 — Bayo Ojulari

The Nigerian National Petroleum Company (NNPC) Limited has announced plans to go public by 2028, marking a major milestone in its ongoing transformation into a commercially driven, limited liability entity. The Group Chief Executive Officer of NNPC, Bayo Ojulari, disclosed...

NNPC Mulls Refineries Sale Despite $18bn Investment

July 11, (THEWILL) — The Nigerian National Petroleum Company (NNPC) Limited has revealed it is reviewing the possibility of selling its three state-owned refineries in Port Harcourt, Warri, and Kaduna, despite investing an estimated $18 billion in their...

FG Blames Technical Glitch For Delay in June Salary Payments

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July 11, (THEWILL) — The Office of the Accountant General of the Federation (OAGF) has blamed a technical glitch for the delay in the payment of June 2025 salaries to civil servants across some Ministries, Departments, and Agencies...

UBA Announces Strategic Expansion Into Key Markets Across Africa

July 10, (THEWILL) — Africa's Global Bank, United Bank for Africa Plc (UBA), has announced a strategic expansion plan into key markets across Africa as it consolidates its global spotlight in the highly competitive industry. Coming 21 years after its...

Nigeria Downplays Critical Challenges While Celebrating IMF Report

July 07, (THEWILL) — The Nigerian Government last week celebrated the verdict of the International Monetary Fund (IMF) which applauded the positive results of the ‘bold and difficult’ reforms of the present administration. The IMF’s latest Article IV Consultation affirms...

Aiteo’s Strategic Investments to Boost Production, Industry Stability

July 06, (THEWILL) — The strategic investment in frontier energy infrastructure by the Aiteo Group will contribute towards achieving the Nigerian government’s objective of boosting production and stabilising the oil and gas sector. The Nigerian oil and gas sector is...

United Capital Harps on Bridging Nigeria’s Knowledge, Wealth Gap as it Hosts 2nd Asset Management Investment Forum

July 06, (THEWILL) — United Capital Asset Management, a subsidiary of leading Pan-African investment banking and financial services group, United Capital Plc, hosted the second edition of its flagship Investment Forum at the Eko Hotels and Suites, Victoria Island,...

Zenith Ranked Number One Bank In Nigeria By Tier-1 Capital, 581 Globally With $2bn Capital

July 04, (THEWILL) — Zenith Bank Plc has retained its position as the Number One Bank in Nigeria by Tier-1 Capital for the sixteenth consecutive year, in the 2025 Top 1000 World Banks’ Rankings. The ranking, published by The Banker,...

NNPC Declares N6.008trn Revenue In May 2025 As PAT Increases By 14%

July 02, (THEWILL) — The Nigerian National Petroleum Company Limited (NNPCL) has declared a total N6.008 trillion as revenue for the month of May 2025, marking an increase of N0.036 from the N5.972 trillion recorded in April. According to...

Experts Caution Against Mounting Debt Amid FDI Decline

June 30, (THEWILL) — Nigeria’s mounting public debt amid drastic plunge in foreign direct investment remains a disturbing trend in the country’s fledging economy, according to finance and economy experts.    Nigeria’s total public debt rose to N149.39 trillion as of...