Business

July 10 (THEWILL) — Tanzania's richest man, Mohammed Dewji, is investing $275 million in graphite mining as he expands his business interests into critical minerals and luxury tourism, positioning his conglomerate to benefit from rising global demand for electric...

July 10 (THEWILL) — Nigeria's electricity transmission losses cost the power sector an estimated N2.61 billion in the first quarter of 2026 after the Transmission Company of Nigeria (TCN) failed to meet the transmission loss benchmark set by the...

July 10 (THEWILL) — Diesel prices have increased across major depots in Lagos, Port Harcourt and Warri, while petrol prices have remained largely stable amid sustained competition in Nigeria's downstream petroleum market. The latest mid-day depot price report showed that...

July 10 (THEWILL) — Nigeria's food service industry has grown into an estimated $11.09 billion market in 2025, driven by rising consumer demand and the increasing adoption of digital payment solutions, according to a new case study by Moniepoint. The...

July 9 (THEWILL) — The Securities and Exchange Commission (SEC) has directed all Capital Market Operators (CMOs) to submit their Q2 2026 Ownership Structure and Capital Flows Returns by Friday, July 10, 2026, giving operators two days to comply. The...

July 9 (THEWILL) — The Nigerian Exchange (NGX) sustained its positive momentum on Thursday, as renewed buying interest in banking and consumer goods stocks lifted key market indicators, adding ₦962 billion to investors’ wealth. Market capitalisation advanced by 0.62 percent...

July 9 (THEWILL) — Lagos and the Federal Capital Territory (FCT) account for more than 18 percent of Nigeria’s fibre-optic network, highlighting the concentration of digital infrastructure in the country’s commercial and administrative hubs, while many states continue to...

July 9 (THEWILL) — Nigeria’s capital market has received a fresh vote of confidence after S&P Dow Jones Indices (S&P DJI) placed the country on its 2027 Country Classification Watchlist for a possible reclassification from a Standalone Market to...

July 9 (THEWILL) — ExxonMobil and its partners have committed $1 billion to the Usan Infill Project in Nigeria's offshore oil sector, with the investment expected to increase the country's crude oil production by about 40,000 barrels per day. The...

July 9 (THEWILL) — The Nigerian National Petroleum Company Limited (NNPC Ltd.) says it is ending the practice of financing the Port Harcourt and Warri refineries with crude-backed loans, as it shifts to a commercial funding model aimed at...