Business

ECOWAS Parliament calls on member states to remove border bottlenecks by harmonising customs procedures, import regulations, taxation policies, and business registration requirements to ease cross-border trade. Lawmakers demand full implementation of ECOWAS trade protocols, elimination of non-tariff barriers,...

August 02, (THEWILL) — As worries increase regarding the persistent issues surrounding Nigeria's expensive inactive refineries situated in Port Harcourt, Warri, and Kaduna, the situation appears to have worsened with the advent of Dangote Refinery, which could change the...

Hakeem Belo-Osagie says buying UBA was meant to be an investment, not a lifelong banking career. He discovered the bank was effectively bankrupt weeks after the acquisition and spent years rebuilding it. The turnaround came with mass restructuring,...

Tolaram's 58.02 percent stake in Guinness Nigeria has grown from $70 million to about $355 million in just over two years. The brewer has returned to profitability after years of foreign exchange losses and balance sheet pressure. The...

NNPC's profit after tax rose 15.8 per cent to ₦535 billion in June, while revenue climbed to ₦4.39 trillion, reflecting stronger financial performance despite lower crude oil output. The national oil company remitted ₦6.29 trillion to the Federation...

Nigerian Breweries grew profit before tax by 18 percent to ₦156.3 billion in the first half of 2026 as stronger revenue and lower finance costs lifted earnings. The brewer eliminated its interest-bearing debt and returned retained earnings to...

MTN Nigeria reported a record ₦1.09 trillion profit before tax in the first half of 2026, driven by strong growth in data revenue, improved operating efficiency and lower borrowing costs. Revenue rose 25.9 percent to ₦2.99 trillion, while...

Nigeria's foreign reserves declined by $114 million within seven days after reaching a recent peak of $52.04 billion, according to the Central Bank of Nigeria. Despite the decline, the country's external reserves remain about $463 million higher than...

The NGX extended its bearish run as investors lost about ₦1.01 trillion in two consecutive sessions, with Thursday’s decline wiping ₦1.005 trillion off market capitalisation. Market sentiment remained weak as decliners outnumbered gainers 44 to 18, reflecting sustained...

Seplat Energy grew half-year profit by more than 430% to N225.5 billion as stronger oil prices and lower operating costs boosted earnings. The company declared a five-cent interim dividend and a seven-cent special dividend, while projecting total shareholder...