Business

The Federal Government is seeking to raise up to N1.2 trillion by reopening three FGN bonds, reinforcing its reliance on the domestic debt market to finance budget implementation and manage public debt obligations. Rather than issuing new securities,...

Nigeria's crude production soared to a 74-month high of 1.56 million barrels per day in June 2026. Stable pipelines and operational efficiency pushed output to 104% of Nigeria's official OPEC quota. Despite the massive boom, local refineries are...

The IMF maintained Nigeria’s 2026 growth forecast at 4.1 percent, citing resilience despite global uncertainty and the impact of the Middle East conflict. Nigeria’s economy expanded by 3.89 percent in Q1 2026, but growth remains concentrated in sectors...

Nigeria's newly signed Double Taxation Agreement with Hong Kong could significantly improve the country's attractiveness to international investors by eliminating the risk of double taxation on cross-border income. The treaty provides greater tax certainty, lowers compliance costs and...

NGX sheds ₦1.32 trillion as profit-taking in BUA Cement and PZ Cussons drags the market lower. Market breadth weakens with 42 decliners outweighing 19 gainers, signalling broad-based selling pressure. July 14, (THEWILL) — The Nigerian stock market opened the...

Dangote Refinery has ended naira-denominated sales of petrol, diesel and aviation fuel, introducing a new dollar-based pricing template for marketers purchasing refined products. The switch reflects a growing mismatch between dollar-priced crude purchases and naira-priced product sales, with...

Nigeria and Hong Kong have signed a landmark Taxation Agreement to eliminate multiple taxation on cross-border income. to boost investor confidence The agreement is designed to attract more foreign direct investment and also remove tax-related barriers that often...

Standard Chartered expects the CBN to cut interest rates by only 150 basis points in 2026. The bank now forecasts the Monetary Policy Rate (MPR) will end 2026 at 25 percent, citing persistent inflation. Inflation is now projected...

Nigeria's crude oil production rose to 1.56 million barrels per day, its highest level since April 2020. The country exceeded its OPEC quota for the second consecutive month, achieving 104 percent compliance. The milestone has reignited questions about...

Brent crude climbed above $77 per barrel after renewed U.S.-Iran hostilities reignited supply disruption concerns. Iran announced the closure of the Strait of Hormuz, while vessel traffic through the key oil transit route fell sharply. Higher crude prices...