Ogochukwu Onwaeze, THEWILL

OPEC+ Targets Full Restoration Of 1.65mbpd Oil Cuts By September

May 14, (THEWILL) — Key members of OPEC+ are preparing to press ahead with gradual oil production quota increases in a bid to fully restore the 1.65 million barrels per day (bpd) cuts introduced in 2023 by the end...

SEC Raises Alarm Over Surge in Ponzi Schemes on WhatsApp, TikTok, Instagram

May 14, (THEWILL) — The Securities and Exchange Commission (SEC) has warned Nigerians against the growing number of unregistered online investment schemes being promoted across social media platforms, describing many of them as Ponzi operations designed to defraud...

Local Refining Drives 60 Percent Drop in Nigeria’s Petrol Imports as Supply Hits 3.18bn Litres

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...

CBN MPC Member Warns Election Spending Could Threaten Nigeria’s Inflation Gains

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...

FMDA Sees Nigeria’s Inflation Rising to 16.42% in April Amid Food, Energy Pressures

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...

NGX Ends Flat As Market Capitalisation Edges To ₦161.84trn On Mixed Sentiment

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...

Dangote Foundation, Islamic Development Bank Explore Strategic Partnership On Health, Education, Poverty Reduction

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...

IMF Warns Unrealistic Budgets are Deepening Fiscal Deficits Across Sub-Saharan Africa

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 Unveils Equity Fund to Help Investors Tap Nigerian Stock Market Growth

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....

UBA Reaffirms Commitment to Africa’s Economic Growth at Africa Forward Summit 2026

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,...

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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