Business

Nigeria’s net foreign exchange flow fell 29 percent month-on-month to $4.94 billion in March 2026 as total FX outflows more than doubled. CBN data showed outflows jumped from $2.50 billion in February to $5.54 billion in March, while...

Fatima Aliko-Dangote is the sole female director among the 10 directors listed by Dangote Petroleum Refinery. She joined the group in 2014, moving through strategy and business development before taking a commercial leadership role at NASCON in 2016. ...

The EFCC has recovered and transferred $60 million from Nestoil Limited to a consortium of creditor banks as part of an ongoing investigation into the company’s transactions with its lenders. The payment follows a structured repayment plan agreed...

Dangote Refinery applies for an offer of up to $5 billion on the NGX as a "People's IPO." The 650,000 bpd refinery targets expansion to 1.4 million bpd. Follows a $2.5 billion private placement that was 3.7 times...

August 17, (THEWILL) — Nigeria’s external reserves have climbed above $52 billion, reaching their highest level in about 17 years, but the naira has not responded with a corresponding surge. The apparent disconnect highlights an important reality about Nigeria’s...

Dangote Refinery slashes petrol gantry prices to ₦1,165 per litre, pushing private depots to follow suit. Parthian Partners projects July headline inflation to cool down to 15.70 percent. The Debt Management Office launches a major ₦1.1 trillion FGN...

President Bola Tinubu insists the Port Harcourt, Warri and Kaduna refineries will return to operation and says his administration will take responsibility for making them profitable. Former President Olusegun Obasanjo argues that private-sector participation is a better model,...

August 16, (THEWILL) — The numbers coming out of Nigeria's corporate sector in the first half of 2026 are impressive. Across several sectors, listed companies have reported substantial increases in revenue, with some recording extraordinary growth in profit as...

Market capitalisation declined by N257 billion, from N156.880 trillion at the opening to N156.623 trillion at the close. The NGX All-Share Index fell by 398.18 points, from 243,017.38 to 242,619.20. Market breadth remained negative, with 21 gainers against...

Agusto & Co has withdrawn its A- rating on Geregu Power and its N40.09bn bond after the company missed scheduled coupon and principal payments. The ratings agency said it can no longer rely on Geregu’s financial statements pending...