Business

Cooking Gas Prices Ease In Abuja, Drop To N1,498/kg After Recent Spike

June 30 (THEWILL) — The price of Liquefied Petroleum Gas (LPG), popularly known as cooking gas, has declined across parts of the Federal Capital Territory (FCT), offering relief to households after months of sharp increases that pushed prices close...

DMO Targets Up To ₦4trn In Q3 Bond Auctions To Finance Budget Deficit

June 30 (THEWILL) — The Debt Management Office (DMO) has unveiled plans to raise ₦4 trillion through Federal Government of Nigeria (FGN) bond auctions in the third quarter of 2026 as it continues to finance the country's widening budget...

Nigeria’s Exports To US Fall 24 Percent As Trade Deficit Widens To ₦1.63trn

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June 30 (THEWILL) — Nigeria's exports to the United States declined by ₦365.64 billion in the first quarter of 2026, while imports from the world's largest economy nearly doubled, widening the country's trade deficit with the US to about...

Consumer Credit Falls By ₦780bn As High Interest Rates Weigh On Household Borrowing

June 30 (THEWILL) — Outstanding consumer credit in Nigeria declined by ₦780 billion to ₦3.03 trillion in February 2026, as elevated borrowing costs continued to dampen household demand for loans despite improving economic conditions. According to the Central Bank of...

Global Air Cargo Demand Rises 6 Percent Despite Middle East Conflict – IATA

June 30 (THEWILL) — Global air cargo demand increased by 6 percent in May 2026 despite ongoing geopolitical tensions in the Middle East, highlighting the aviation industry's resilience amid shifting trade patterns and operational disruptions. According to the latest data...

Transport Costs Climb Further as Bus, Air, Okada, and Waterway Fares Rise in May

June 29 (THEWILL) — Nigeria’s transport costs continued their upward trend in May 2026, with commuters paying more across all major modes of transportation, according to the latest Transport Fare Watch released by the National Bureau of Statistics (NBS). The...

Discos’ Revenue Rises By 24% as Metered Customers Increase in Q4 2025

June 29 (THEWILL) — Electricity Distribution Companies (Discos) recorded stronger operational performance in the fourth quarter of 2025, with revenue collection rising by nearly 24 percent year-on-year, driven by improved metering and increased electricity supply, according to the latest...

BAT to Cut 9,000 Jobs Worldwide in £600m Cost-Saving Overhaul

June 29 (THEWILL) — British American Tobacco (BAT) is set to eliminate about 9,000 jobs globally as part of a sweeping restructuring programme aimed at reducing costs, simplifying operations and accelerating its transition to smoke-free products. According to a Bloomberg...

SMEDAN Launches N500m Interest-Free Fund to Boost Small Businesses

June 29 (THEWILL) — The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has unveiled a N500 million zero-interest revolving fund aimed at expanding access to affordable financing for Micro, Small, and Medium Enterprises (MSMEs). Director-General of the agency,...

Healthy Diet Costs Rise to N1,589 Per Day in April as Food Prices Climb — NBS

June 29 (THEWILL) — The average cost of maintaining a healthy diet in Nigeria rose to N1,589 per adult per day in April 2026, reflecting continued increases in food prices across most food groups, according to the latest Cost...