Ogochukwu Onwaeze, THEWILL

DisCos Begin Paying Compensation for Power Supply Failures as Regulatory Enforcement Tightens

June 23 (THEWILL) — Nigeria's electricity distribution companies (DisCos) have begun compensating customers for failing to meet the minimum power supply hours required under the country's Band A electricity tariff regime, marking a significant shift in regulatory enforcement within...

Nigeria Among Nine Countries Responsible for 83% of Global Gas Flaring — World Bank

June 23 (THEWILL) — Nigeria remained one of the world's largest gas-flaring nations in 2025, ranking among nine countries responsible for 83 percent of global gas flaring, according to the World Bank's latest Global Gas Flaring Tracker Report. The report,...

Fidson Applauds BoI, EIB Support as Pharmaceutical Manufacturing Capacity Expands

June 23, (THEWILL) — Fidson Healthcare Plc has praised the Bank of Industry (BoI) and the European Investment Bank (EIB) for their critical roles in strengthening pharmaceutical manufacturing in Nigeria through long-term concessionary financing and strategic partnerships. The commendation...

Aradel Profit Jumps 252% as Group Expansion Drives Record Q1 Performance

June 23, (THEWILL) — Aradel Holdings Plc recorded a strong start to 2026, reporting a 252 percent increase in profit after tax to ₦120.3 billion and a 265 percent surge in revenue to ₦728.5 billion in the first...

Nigeria Imports More Cooking Gas as Government Moves to Tackle Rising Prices

June 23 (THEWILL) — Nigeria imported 16,642.66 metric tonnes of Liquefied Petroleum Gas (LPG), popularly known as cooking gas, within the first 19 days of June 2026 as the Federal Government moved to address supply shortages and curb rising...

Nigeria’s Money Supply Rises to N129.2 Trillion in May Despite Tight Monetary Policy

June 23, (THEWILL) — Nigeria’s broad money supply (M3) increased to N129.21 trillion in May 2026, reflecting continued growth in liquidity across the economy despite the Central Bank of Nigeria’s tight monetary policy stance. Latest data released by the...

NGX Rebounds As Banking Stocks Drive Broad-Based Market Recovery

June 22 (THEWILL) — The Nigerian equities market opened the week on a positive note on Monday. Market capitalisation rose from ₦151.327 trillion at the opening to ₦152.845 trillion at the close of trading, reflecting a significant gain in...

Nigeria Bond, T-Bill Turnover Jumps 137 Percent As Investors Demand Higher Yields

June 22 (THEWILL) — Nigeria’s fixed-income market witnessed a significant surge in trading activity during the week ended June 19, 2026, as investors repositioned portfolios in response to rising yields and persistent inflationary pressures. Data from the Financial Markets Dealers...

Political Turmoil Pushes Pound Toward 2026 Low Against Naira

June 22 (THEWILL) — The British pound sterling is trading near its lowest level of the year against the Nigerian naira as growing political uncertainty in the United Kingdom weighs heavily on investor sentiment and weakens demand for the...

FX Turnover Climbs to $2.32bn as Demand for Naira Hedging Surges Amid Equities Selloff

June 22 (THEWILL) — Nigeria’s foreign exchange (FX) market recorded stronger activity in the week ended June 19, 2026, with total turnover across the FX Spot and Derivatives segments rising by 7.7 percent week-on-week to $2.323 billion, according to...

About Me

Ogochukwu Onwaeze is a writer specializing in business and economic journalism. At THEWILL News Media, she translates market trends, financial developments, and policy shifts into clear and engaging stories.
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UEFA Refuses To End FIFA World Cup Boycott Despite Infantino’s U-Turn

UEFA has confirmed it will continue its boycott of FIFA's men's and women's World Cups despite Gianni Infantino...
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