Business

CPPE Calls For Reinstatement Of Suspended 15% Fuel Import Duty As Nigeria Reverses Policy

November 17, (THEWILL) — The Centre for the Promotion of Private Enterprise (CPPE) has urged the Nigerian government to immediately reinstate the 15 percent import duty on petrol (PMS) and diesel, warning that its suspension jeopardizes the future of...

Dangote Denies Viral Claims Of Motorcycle-Based Fuel Delivery Service

November 17, (THEWILL) — Dangote Petroleum Refinery has dismissed as false a widely circulating video suggesting that the company has introduced a motorcycle-based fuel delivery service. The company described the footage and accompanying claims as fabricated and not connected...

Nigeria’s Economic Reforms Earn Positive Outlook From S&P

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November 17, (THEWILL) — Standard & Poor’s (S&P) has revised Nigeria’s sovereign credit outlook from “stable” to “positive”, signalling growing confidence in the country’s economy. While Nigeria’s long- and short-term ratings remain at B-/B,(the Long-term and Short-term ratings) upgrade...

Dangote Refinery Debunks Claims Linking Petrol Pump Price Reduction To Suspended Import Tariff

November 17, (THEWILL) — The Dangote Petroleum Refinery has dismissed reports suggesting that the recent reduction in petrol pump prices nationwide was influenced by the Federal Government’s suspension of the 15 percent import tariff on fuel. The company, in...

Nestlé Nigeria Posts N39.6bn Pre-Tax Profit in Q3 2025, Positive Outlook for Backward Integration

November 17, (THEWILL) — Nestle Nigeria Plc, experienced a strong rebound in Q3 2025 after seeing sharp losses in 2023 and 2024 due to currency devaluation, and this is good news for backward integration. The foremost consumer goods firm has...

Market Rebounds As Clarity on CGT Erases Investors’ Fears

November 17, (THEWILL) — Nigeria’s equities market closed last week trading on a markedly improved footing after a dramatic mid-week reversal that helped claw back a significant portion of the losses recorded earlier in one of the year’s steepest...

Nigeria Emerges Winner As NIBSS Instant Payment Attains Africa’s First Mature Inclusivity

November 17, (THEWILL) — At the just-concluded State of Inclusive Instant Payment Systems (SIIPS) in Africa 2025 Report Launch held in Ezulwini, Eswatini, on November 12–14, 2025, Nigeria emerged as the winner. This followed the recognition of Nigeria...

Refineries: NNPC Signals the Conclusion of Business-as-Usual Era

November 16, (THEWILL) — After many years of functioning within the infamous landscape of conventional business practices, marked by a culture of wastefulness, inefficiency, and corruption, there are signs that the Federal Government, through the Nigerian National Petroleum Company...

‘How CBN’s Aggressive Interest Rate Hikes Upped Demand for Fixed Income Instruments’

November 16, (THEWILL) — The decision of the Central Bank of Nigeria to embark on aggressive interest rate hikes boosted investors’ demand for fixed income instruments in 2024, the President, Association of Issuing Houses of Nigeria, Kemi Awodein, has...

Equities Market Closes Lower as Profit-Taking Persists, Despite Stronger Trading Activity

November 16, (THEWILL) — The Nigerian equities market closed the week broadly lower, with the NGX All-Share Index (ASI) dipping by 1.68 percent from 148,781.90 to settle at 147,013.59 points, while the Market Capitalisation declined by 1.58 percent from...
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Tinubu Doesn’t Live Large — NRS Boss Fires Back At Critics, Says President Walks To Work, Eats Once Daily, Debunks $279m Fraud Allegation

Describing the allegations as entirely false, Adedeji said they were the handiwork of individuals determined to discredit him and weaken public confidence in the Tinubu administration.
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