Business

FG Meets Dangote Refinery, FCCPC, PETROAN, Others Over Fair PMS Pricing

July 6 (THEWILL) — The Federal Government on Monday convened a meeting with Dangote Refinery, the Federal Competition and Consumer Protection Commission (FCCPC), the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), and other key players in the...

Naira Remains Stable as CBN’s Hawkish Stance, Stronger Oil Output Support FX Market

July 6 (THEWILL) — The naira has maintained relative stability in 2026, supported by the Central Bank of Nigeria’s (CBN) tight monetary policy, stronger foreign exchange reserves, and improved crude oil production. After experiencing sharp volatility between 2024 and early...

Nigeria’s Tax Reform Gains at Risk as Insecurity, Food Crisis Deepen

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July 06, (THEWILL) — The challenges of insecurity and food crisis pose significant threat to the ambitious gains of Nigeria’s tax reforms as implementation of the landmark fiscal initiative advances into the second half of the year. The Nigeria Revenue...

Nigeria’s Import Bill Shrinks as Local Refining Reshapes Trade Balance in H1 2026

July 06, (THEWILL) — Nigeria's external sector posted one of its strongest starts to a year in recent history as a sharp decline in refined petroleum imports helped reduce the country's import bill, widen its trade surplus and ease...

BOI Debuts Impact Report, Records N644.9bn Disbursement, 1.68mn Jobs

July 06, (THEWILL) — The Bank of Industry (BOI) has launched the inaugural edition of its Annual Development Impact Report, marking a major milestone in the institution's evolution from measuring success by the volume of loans disbursed to assessing...

PZ Cussons Grows Pre-Tax Profit by 364% to N77.32bn in FY2026

July 6 (THEWILL) — PZ Cussons Nigeria Plc recorded a sharp increase in profitability for the financial year ended May 31, 2026, as pre-tax profit surged 364.08 percent to N77.32 billion from N16.66 billion a year earlier, driven by...

OPEC+ Raises August Production Quota by 188,000 bpd, Extends Supply Increase

July 06, (THEWILL) — The Organization of the Petroleum Exporting Countries and its allies (OPEC+) has approved a fresh 188,000 barrels per day (bpd) increase in oil production quotas for August, extending its phased supply restoration strategy as...

‘No ₦8tn Shadow Treasury, All Public Spending Backed by Law’ – FG Clarifies IMF Report, Faults Atiku

July 05, (THEWILL) — Federal Government has dismissed allegations that it operated a "shadow treasury" through more than ₦8 trillion in off-budget spending, insisting that every kobo of public expenditure under the administration of President Bola Tinubu is...

Dangote Refinery IPO Anticipation Drains Liquidity from Nigerian Equities Market

July 5 (THEWILL) — Capital market specialists have linked the significant drop in the Nigerian equities market at the conclusion of Q2 2026 particularly to substantial sell-offs aimed at raising cash in preparation for the upcoming Dangote Refinery IPO. Although...

NDIC to Liquidate 46 Nullified Microfinance Banks Amid CBN Regulatory Crackdown

July 5 (THEWILL) — The Nigeria Deposit Insurance Corporation (NDIC), has been appointed as the official Liquidator of the 46 Microfinance Banks (MfBs) whose licences were revoked on July 1, 2026, by the Central Bank of Nigeria (CBN). The...
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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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