Business

May 19, (THEWILL) — Dangote Petroleum Refinery has reduced the ex-depot price of aviation fuel, also known as Jet A1, from ₦1,750 to ₦1,650 per litre, in a move expected to ease mounting pressure on Nigeria’s aviation industry. The refinery...

May 19, (THEWILL) — Nigeria’s Securities and Exchange Commission (SEC) has issued fresh guidance ahead of the country’s transition to a T+1 settlement cycle for equities and commodities transactions, a move to deepen market efficiency and align the local...

May 18, (THEWILL) — No fewer than nine vessels have berthed at the Lekki, Tin-Can Island, and Apapa ports in Lagos State, awaiting clearance to discharge petroleum products including Premium Motor Spirit (petrol), aviation fuel, diesel, gasoline, and bulk...

May 18, (THEWILL) — Multi-billionaire chairman of United Bank for Africa (UBA) Plc, Mr. Tony Elumelu, is expected to be formally elected to the board of Seplat Energy Plc on Wednesday, May 20, 2026, as shareholders gather virtually for...

May 18, (THEWILL) — The Nigerian equities market opened the week on a marginally bearish note as mild profit-taking activity dragged key performance indicators lower on the Nigerian Exchange Limited. Market capitalisation declined slightly from ₦160.443 trillion to ₦160.362 trillion,...

May 18, (THEWILL) — The Nigerian Exchange Group has strengthened its investor education campaign with a new digital engagement initiative aimed at improving financial literacy and expanding retail participation in Nigeria’s capital market. As part of the effort, the Group...

May 18, (THEWILL) — Nigeria’s Debt Management Office (DMO) is auctioning ₦600 billion worth of reopened Federal Government bonds today, May 18, 2026, offering investors yields of up to 22.60 percent amid sustained tight monetary conditions in the fixed-income...

May 18, (THEWILL) — Africa’s richest man, Aliko Dangote, has increased the planned investment in his proposed fertiliser plant in Ethiopia to more than $4 billion, nearly doubling the original project estimate and reinforcing his push to expand industrial...

May 18, (THEWILL) — Nigeria’s fixed-income market offered investors some of the highest sovereign returns seen in years during the first quarter of 2026, before the Central Bank of Nigeria’s (CBN) easing cycle triggered a steady decline in yields...

May 18, (THEWILL) — Investment banking and research firm, Chapel Hill Denham, has raised concerns over the Central Bank of Nigeria’s (CBN) banking structure, saying the current framework places Nigerian lenders at a disadvantage, while giving foreign banks and...