Business

July 3 (THEWILL) — The Federal Government has inaugurated Nigeria’s largest lithium processing plant, a facility with a daily processing capacity of 6,000 metric tonnes, as part of efforts to deepen local mineral beneficiation and strengthen the country’s industrial...

July 3 (THEWILL) — A forecast by Citigroup that Brent crude could fall to $60 per barrel by the end of 2026 has heightened concerns over Nigeria's fiscal outlook and the sustainability of its budget assumptions. The projection comes as...

July 3 (THEWILL) — Shell Nigeria Exploration and Production Company Limited (SNEPCo) has partnered with nine Nigerian banks to launch a $3 billion contract finance facility for indigenous oil and gas contractors. The financing scheme, unveiled in Lagos on Thursday,...

July 2 (THEWILL) — The Nigerian Exchange (NGX) extended its bearish run on Thursday as sustained profit-taking and weak investor sentiment dragged key market indicators lower, wiping ₦878 billion off investors’ wealth. Market capitalisation declined by 0.61 percent to ₦143.946...

July 2 (THEWILL) — The Central Bank of Nigeria (CBN) plans to raise N5.8 trillion through Treasury Bills (NTBs) between July and September, marking its largest quarterly issuance programme in 2026. The issuance programme, contained in the apex bank's Q3...

July 2 (THEWILL) — The Nigeria Customs Service (NCS) has uncovered an attempt to smuggle unregistered pharmaceutical products into the country using a fake National Agency for Food and Drug Administration and Control (NAFDAC) registration number during a major...

July 2 (THEWILL) — MTN Nigeria Communications Plc has been upgraded to an Aaa long-term rating by Agusto & Co., the highest rating on the agency's national scale, reflecting the telecom operator's stronger earnings, improved liquidity and lower debt...

July 2 (THEWILL) — Food prices across major Lagos markets posted mixed movements in June, with higher prices for fresh produce offset by declines in several household staples as supply conditions gradually improved. The latest Nairametrics Food Price Watch, which...

July 2 (THEWILL) — The National Pension Commission (PenCom) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC) have recovered more than ₦3 billion in unremitted pension contributions from defaulting employers. The recovery was made under a joint...

July 2 (THEWILL) — The Nigerian National Petroleum Company Limited (NNPC) recorded a ₦636 billion decline in revenue in May despite maintaining stable crude oil and gas production during the month. The national oil company disclosed this in its latest...