Business

May 26 (THEWILL) — Nigeria’s trade sector accounted for 17.89 percent of the country’s Gross Domestic Product (GDP) in the first quarter of 2026, reinforcing its position as one of the largest drivers of economic activity despite persistent macroeconomic...

May 26 (THEWILL) — Nigeria’s manufacturing sector staged a strong rebound in the first quarter of 2026, with its contribution to real Gross Domestic Product (GDP) rising sharply to 9.57 percent, signalling renewed industrial momentum after a weak...

May 26 (THEWILL) — The Dangote Petroleum Refinery has emerged as a strategic lifeline for Nigeria’s economy, with S&P Global Ratings describing the facility as a critical buffer against growing supply disruptions and geopolitical tensions in the Middle East. In...

May 26 (THEWILL) — Nigeria’s economy grew by 3.89 percent in real terms in the first quarter of 2026, according to the latest Gross Domestic Product (GDP) report released by the National Bureau of Statistics (NBS) on Monday. The latest...

May 26 (THEWILL) — The Federal Government has cancelled $717.7 million in undisbursed funding under the World Bank-backed Power Sector Recovery Performance-Based Operation (PSRO), dealing a major blow to Nigeria’s efforts to restore stability and financial sustainability in the...

May 25 (THEWILL) — The operational expansion of the 650,000-barrels-per-day Dangote Petroleum Refinery & Petrochemicals is significantly reducing Nigeria’s dependence on imported fuel and strengthening the country’s external position, according to the Economist Intelligence Unit (EIU). In its latest assessment...

May 25 (THEWILL) — The Nigerian stock market sustained its bullish momentum on Monday, as renewed buying interest in large-cap and mid-tier stocks pushed the Nigerian Exchange higher, with market capitalisation gaining ₦905 billion. At the close of trading, the...

May 25 (THEWILL) — Nigeria’s economy expanded by 3.89 percent year-on-year in real terms in the first quarter of 2026, signalling a stronger economic performance compared to the 3.13 percent growth recorded in the corresponding period of 2025, according...

May 25 (THEWILL) — Unilever Nigeria Plc led the Nigerian Fast-Moving Consumer Goods (FMCG) pack in Q1 2026, as Nestlé Nigeria Plc and Cadbury Nigeria Plc reported varying degrees of margin pressure amid sustained cost inflation. The three NGX-listed stocks...

May 25 (THEWILL) — Global oil markets are facing what leading investment banks describe as an extreme and fast-evolving supply shock, as inventories collapse and flows through the Strait of Hormuz remain heavily disrupted. Barclays warned that the market is...