Business

Standard Chartered expects the CBN to cut interest rates by only 150 basis points in 2026. The bank now forecasts the Monetary Policy Rate (MPR) will end 2026 at 25 percent, citing persistent inflation. Inflation is now projected...

Nigeria's crude oil production rose to 1.56 million barrels per day, its highest level since April 2020. The country exceeded its OPEC quota for the second consecutive month, achieving 104 percent compliance. The milestone has reignited questions about...

Brent crude climbed above $77 per barrel after renewed U.S.-Iran hostilities reignited supply disruption concerns. Iran announced the closure of the Strait of Hormuz, while vessel traffic through the key oil transit route fell sharply. Higher crude prices...

July 13, (THEWILL) — Nigeria’s crude oil production rose to a 74-month high in June 2026, surpassing the Organisation of the Petroleum Exporting Countries’ production quota for the fourth consecutive month as improved operational stability boosted output. Data released...

July 13, (THEWILL) — The Federal Government's failure to publish Nigeria's Budget Implementation Report (BIR) beyond the third quarter of 2025 should concern every Nigerian. While budget preparation and appropriation often dominate public discourse, budget implementation is where governance...

July 12, (THEWILL) — Nigeria’s private sector has launched the Nigeria Gender Country Programme (NGCP), a new initiative aimed at expanding women’s participation in leadership, employment, entrepreneurship and finance as part of efforts to strengthen business competitiveness and drive...

July 12, (THEWILL) — Nigeria has risen to become the top-performing stock market globally, achieving an outstanding record that has pushed tech-centric South Korea into the second position – a rank that Nigeria maintained at the conclusion of the...

July 12, (THEWILL) — FCMB Group has commenced the 2026 financial year with a first-quarter performance indicative of the institution entering a new phase characterized by growth, resilience, and strategic significance. In addition to the headline figures, the group's...

July 12, (THEWILL) — Nigeria's insurance and oil and gas industries have been urged to forge stronger strategic partnerships anchored on local content development and digital transformation to accelerate inclusive economic growth and strengthen the nation's resilience. The call was...

July 12, (THEWILL) — Dangote Cement Plc has reaffirmed its commitment to low-carbon cement production, calling on African manufacturers to accelerate decarbonisation while expanding capacity to meet the continent's growing infrastructure needs. The call was made by the Group Managing...