Business

May 31 (THEWILL) — Nigeria’s prolonged high-interest-rate environment is beginning to fundamentally reshape the structure of the local equities market, as tighter liquidity conditions, elevated sovereign yields, and weak investor participation continue to pressure several mid-tier firms listed on...

May 30 (THEWILL) — Dangote Petroleum Refinery has reduced its petrol gantry price from ₦1,275 per litre to ₦1,250 per litre, a development that is expected to reverberate across Nigeria’s downstream petroleum market and potentially trigger further price adjustments...

May 29 (THEWILL) — The Nigerian Exchange resumed trading after the Eid holiday on a mildly positive note, as modest buying interest in select counters lifted market indices despite a negative breadth dominated by more decliners than gainers. Market capitalisation...

May 29 (THEWILL) — Nigeria’s transport fuel costs rose sharply in April 2026 as the average retail price of Premium Motor Spirit (petrol) climbed to ₦1,532.93 per litre nationwide, reflecting sustained inflationary pressures in the downstream petroleum sector. This is...

May 29 (THEWILL) — Nigeria’s fiscal strain intensified in 2025 as the Federal Government spent more than two-thirds of its earnings on debt servicing, underscoring the widening gap between revenue generation and expenditure obligations. According to the 2025 Third Quarter...

May 29 (THEWILL) — Shareholders of First HoldCo Plc, the parent company of FirstBank of Nigeria, have approved a capital raise of up to N253.099 billion as the group advances plans to build a N1 trillion paid-up capital base. The...

May 29 (THEWILL) — Stanbic IBTC Holdings Plc has approved N804.5 million as directors’ remuneration for the financial year ending December 31, 2026, following resolutions passed at its 14th Annual General Meeting (AGM). The approval comes amid a strong earnings...

May 29 (THEWILL) — The Federal Government recorded fresh borrowings of N11.89 trillion in the first nine months of 2025 but spent only N3.10 trillion on capital projects within the same period, highlighting a widening gap between debt accumulation...

May 29 (THEWILL) — Nigeria recorded a sharp decline in its fiscal deficit in the third quarter of 2025, signaling improving public finance management and stronger government revenue performance amid ongoing economic reforms. According to the latest fiscal performance report...

May 29 (THEWILL) — Nigeria’s Dangote Refinery has emerged as the world’s largest exporter of jet fuel in April, marking a major milestone for Africa’s biggest refinery amid disruptions in global energy trade triggered by tensions in the Middle...