March 20, (THEWILL) — The Dangote Refinery is increasingly positioning itself as a critical fuel supply hub for Nigeria and parts of Africa, as disruptions linked to the Iran conflict continue to unsettle global oil markets.
Rising geopolitical tensions in...
March 20, (THEWILL) — The Nigerian naira weakened at the official market as Nigeria’s external reserves slipped below the $50 billion threshold, raising concerns over the sustainability of recent foreign exchange stability despite rising global oil prices.
Data from the...
March 20, (THEWILL) — The International Monetary Fund (IMF) has warned that rising oil prices could trigger a fresh wave of global inflation, posing risks to an already fragile economic recovery.
In its latest assessment, the Fund noted that crude...
March 20, (THEWILL) — Nigeria’s investment drive gained momentum as President Bola Ahmed Tinubu’s state visit to the United Kingdom attracted $1.51 billion in deals, including a major financing package targeted at revitalising the country’s critical trade infrastructure.
Central to...
March 19, (THEWILL) — Nigeria’s power sector is facing renewed strain as grid instability worsens amid rising unpaid gas supply obligations owed by power generation companies (GenCos), further threatening electricity supply reliability across the country.
The persistent accumulation of gas-related...
March 19, (THEWILL) — The Dangote Refinery imported crude oil worth $3.74 billion in 2025, highlighting its growing dependence on foreign feedstock despite Nigeria’s status as a major oil producer. 
The scale of imports reflects persistent constraints...
March 19, (THEWILL) — The Central Bank of Nigeria (CBN) recorded subdued demand at its latest Open Market Operations (OMO) auction, as foreign portfolio investors (FPIs) scaled back participation, leading to lower sales.
Market data indicates that the auction...
March 18, (THEWILL) — UK‑based Twinings Ovaltine has launched a £24 million manufacturing facility in Lagos, marking the brand’s first major production site in Africa and a significant expansion of its footprint in the region.
The new plant,...
March 18, (THEWILL) — Nigeria’s stock market recorded a modest pullback on Wednesday, as investor caution weighed on prices across key sectors. The NGX All-Share Index (ASI) opened at 202,559.41 points but slipped to 201,156.86 by the close, while...
March 18, (THEWILL) — The governor of the Central Bank of Nigeria (CBN), Mr Olayemi Cardoso, says Nigeria’s recent monetary and financial sector reforms have strengthened the economy’s ability to withstand external shocks and restored investor confidence.
Speaking at the...
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.
