Ogochukwu Onwaeze, THEWILL

CPPE Urges CBN To Hold Rates Steady As MPC Meeting Nears

May 18, (THEWILL) — The Centre for the Promotion of Private Enterprise (CPPE) has urged the Central Bank of Nigeria (CBN) to refrain from further interest rate hikes, warning that additional monetary tightening could slow economic recovery and deepen...

Shadow Workforce: Outsourcing Reshapes Cost Structures in Nigerian Banks after Recapitalisation

May 17, (THEWILL) — Nigeria’s banking sector is increasingly shifting labour costs away from direct payroll and into operating expenses, as outsourcing becomes more embedded in the industry’s post-recapitalisation structure. A review of 2024 and 2025 financial statements across Tier-1...

NGX Ends Week On Bearish Note As Market Capitalisation Sheds ₦1.2trn

May 15, (THEWILL) — The Nigerian equities market closed the week on a bearish note on Friday, as broad-based sell pressures across key counters dragged major market indicators lower. Market capitalisation declined from ₦161.669 trillion at the opening of the...

Mutual Funds Industry Swells To ₦8.77trn As Equity Funds Drive Strong April 2026 Rally

May 15, (THEWILL) — Nigeria’s mutual funds industry extended its growth streak in April 2026, with total Net Asset Value (NAV) rising to ₦8.77 trillion from ₦8.44 trillion in March, representing a 3.89 percent month-on-month increase, according to data...

Dangote Refinery Drags NNPC, Marketers To Court Over Fresh Fuel Import Licences

May 15, (THEWILL) — Dangote Petroleum Refinery has filed a fresh lawsuit against the Nigerian National Petroleum Company Limited (NNPC) and several fuel marketers, seeking to overturn fuel import licences issued by the Nigerian Midstream and Downstream Petroleum Regulatory...

BREAKING: Nigeria’s Inflation Rises To 15.69 Percent In April As Price Pressures Persist

May 15, (THEWILL) — Nigeria’s headline inflation rate rose to 15.69 percent in April 2026, up from 15.38 percent recorded in March, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics. The new...

Naira Gains Against Pound Amid UK Political Turmoil

May 15, (THEWILL) — The Nigerian naira strengthened against the British pound in the first half of May, trading around N1,853/£1 in the foreign exchange market, as political uncertainty in the United Kingdom continued to pressure the pound sterling. Data...

CBN OMO Auctions Hit N5.63tn in Two Weeks as 126-Day Bill Sparks Investor Rush

May 15, (THEWILL) — The Central Bank of Nigeria (CBN) recorded a massive N5.63 trillion in Open Market Operations (OMO) sales within two weeks, underscoring sustained investor appetite for high-yield fixed-income instruments amid aggressive liquidity tightening by the apex...

NGX Slips Marginally As Profit-Taking Offsets Gains

May 14, (THEWILL) — The Nigerian equities market closed slightly lower on Thursday as mild profit-taking in several mid-cap stocks offset gains recorded in select counters, leaving key market indicators marginally weaker at the close of trading. Market capitalisation declined...

Bharti Airtel Targets Bigger Africa Bet With $2.9bn Stake Expansion Ahead Of Airtel Money IPO

May 14, (THEWILL) — Indian telecom giant, Bharti Airtel, is deepening its investment in Africa with plans to raise its stake in Airtel Africa to as much as 90 percent through a proposed $2.9 billion share swap, as the...

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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