Business

May 14, (THEWILL) — Nigeria’s petrol imports declined sharply in the first quarter of 2026 as increased output from local refineries strengthened domestic fuel supply, according to data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). The...

May 13, (THEWILL) — A member of the Central Bank of Nigeria’s Monetary Policy Committee (MPC), Professor Murtala Sabo Sagagi, has warned that uncontrolled fiscal spending, especially during politically sensitive periods, could undermine the country’s ongoing fight against inflation. Sagagi...

May 13, (THEWILL) — Nigeria’s headline inflation rate is projected to rise to 16.42 percent year-on-year in April 2026, according to the latest Inflation Forecast report released by the Financial Market Dealers Association (FMDA). The report, published on May 13...

May 13, (THEWILL) — The Nigerian equities market closed largely flat on Wednesday as marginal gains in selected stocks offset losses across other counters, leaving key market indicators with minimal movement. At the close of trading, the market capitalisation inched...

May 13, (THEWILL) — The Aliko Dangote Foundation (ADF) has moved to strengthen international development cooperation following high-level discussions with the Islamic Development Bank (IsDB) to advance partnerships in health, education, and social development across member countries. The engagement took...

May 13, (THEWILL) — Sub-Saharan African countries are continuing to struggle with widening gaps between approved national budgets and actual fiscal outcomes, raising fresh concerns over fiscal discipline, debt sustainability, and long-term economic growth across the region. This was revealed...

Coronation Asset Management has launched the Coronation Equity Fund, an open-ended collective investment scheme aimed at helping investors benefit from the long-term growth opportunities in Nigeria’s equities market. The launch comes at a significant time for the Nigerian capital market....

May 13 (THEWILL) - United Bank for Africa (UBA) Plc has reaffirmed its commitment to driving Africa’s economic transformation through entrepreneurship, innovation, trade facilitation, and strategic partnerships at the Africa Forward Summit 2026 held in Nairobi, Kenya. The summit,...

May 13 (THEWILL) - Nigeria’s average daily petrol consumption rose sharply to 51.1 million litres in April 2026, up from 47.3 million litres recorded in March, according to the latest industry data released by the Nigerian Midstream and...

May 13 (THEWILL) - The Debt Management Office (DMO), acting on behalf of the Federal Government, has announced plans to raise N600 billion through a fresh Federal Government of Nigeria (FGN) bond auction scheduled for May 2026. According to...