Business

OPay is reportedly exploring a US IPO that could value it at about $4bn. NGX wants Nigerians to own shares in fintechs built on the local market. Dual listings could connect global capital with Nigeria’s growing digital economy. ...

Nigerian local refineries received 53.7 million barrels of crude oil and condensate between April and June 2026, representing 97.4 per cent of the volumes allocated under the Domestic Crude Supply Obligation. Supply performance varied sharply across the quarter,...

Dangote Sugar swung from a ₦24.27bn loss to ₦41.51bn profit in H1 2026. Revenue fell 8.9 percent, even as profit surged. Cost of sales dropped by ₦80.5bn during the period. Finance costs also fell by ₦14.55bn. August 11, (THEWILL)...

The NUPRC says Dangote Refinery rejected about 15.5 million barrels of crude offered by producers in Q2 2026. The regulator reported that producers offered 68.1 million barrels, but the refinery accepted 52.6 million barrels. Dangote disputed the figures...

Lagos State emerged as Nigeria’s biggest recipient of FAAC allocations in the first half of 2026, receiving N365.78bn and overtaking oil-producing states including Delta and Rivers in the ranking. Lagos’ allocation jumped 54.39 percent year-on-year from N236.92bn, with...

Nigerian equities opened the new trading week strongly, with market capitalisation rising by ₦1.91 trillion to ₦160.421 trillion as the NGX All-Share Index climbed 1.20 percent to 248,529.75 points. Despite the sharp rise in the benchmark index, market...

Hussaini and Hassan Malami joined NNPC’s 2026 intake together. Hassan almost missed the recruitment after believing a family could have only one successful applicant. Both brothers received their employment offers on the same day. They now work in...

Nigeria Revenue Service Chairman Zacch Adedeji has identified fuel subsidy, an opaque foreign exchange market, an underperforming oil sector and a narrow tax base as four major economic distortions inherited by the Tinubu administration. Adedeji said the problems...

Nigerian onion traders have suspended exports to Ghana and asked ECOWAS to intervene, saying repeated disputes and alleged harassment of traders have made cross-border trade increasingly difficult. The latest action follows an earlier suspension in April after Nigerian...

Nigeria’s tax collections rose 113 percent from ₦12.3 trillion in 2023 to ₦27.1 trillion by July 2026, with the Nigeria Revenue Service attributing the increase to tax-system digitisation, new tax laws and measures to close revenue leakages. The...