Business

Aradel Holdings and Seplat Energy generated a combined ₦1.54 trillion in pre-tax profit during the first half of 2026. Aradel's current tax charge almost matched its entire pre-tax earnings following the consolidation of ND Western Despite the tax...

Nigeria is positioning 22 major offshore projects to attract between $30 billion and $50 billion in fresh investments over the next five years. The investment drive is expected to boost crude production, create jobs, expand infrastructure and strengthen...

The Rural Electrification Agency has expanded its nationwide renewable energy programme to 60.82MW across six states. The latest 13.92MW interconnected hybrid solar project in Yobe builds on earlier projects in Kogi, Rivers, Adamawa, Kebbi and Plateau. REA says...

Nigeria Reinsurance loses operating licence. NAICOM cites capital requirement breach. Muiz Banire appointed provisional liquidator. Move marks first enforcement under NIIRA 2025. August 5, (THEWILL) — Nigeria Reinsurance Corporation has become the first insurance company to lose its operating...

Nigerian equities market adds ₦71 billion as buying interest in insurance stocks keeps the benchmark index in positive territory. LINKASSURE, AVACAP and FTGINSURE lead the gainers’ chart, while losses in Honeywell Flour, PZ and ZICHIS weigh on market...

An unbranded assortment of spirits, wines, and bottled beers, representing the wide spectrum of products driving the country's multi-trillion naira beverage sector. Source: TheWill Newspaper Nigerians spent about ₦1.41 trillion on beer, malt and spirits in the first...

CBN says reforms have reduced the gap between official and Bureau de Change exchange rates to below two per cent. External reserves remain above $52 billion despite a recent pullback, with the apex bank citing stronger investor confidence. ...

Tinubu says Nigeria has become Africa’s leader in renewable energy skills development with the launch of the continent’s first Barefoot Renewable Energy College. New institution will train technicians, installers and maintenance professionals with globally recognised certifications to drive...

Brent crude slipped below $80 per barrel after renewed progress in US-Iran talks boosted hopes of reopening the Strait of Hormuz, easing concerns over global oil supply disruptions. Senior US officials said negotiations were advancing, prompting a sharp...

Investors lost ₦599 billion as heavy profit-taking dragged the benchmark index lower, with the market recording a negative breadth of 13 gainers against 42 losers. AVA Capital, NREIT and Livestock Feeds topped the gainers’ chart, but their advances...