Business

June 22 (THEWILL) — Nigeria’s fixed-income market witnessed a significant surge in trading activity during the week ended June 19, 2026, as investors repositioned portfolios in response to rising yields and persistent inflationary pressures. Data from the Financial Markets Dealers...

June 22 (THEWILL) — The British pound sterling is trading near its lowest level of the year against the Nigerian naira as growing political uncertainty in the United Kingdom weighs heavily on investor sentiment and weakens demand for the...

June 22 (THEWILL) — Nigeria’s foreign exchange (FX) market recorded stronger activity in the week ended June 19, 2026, with total turnover across the FX Spot and Derivatives segments rising by 7.7 percent week-on-week to $2.323 billion, according to...

June 22 (THEWILL) — Company Income Tax (CIT) payments from Nigeria’s manufacturing sector plunged by 68.25 percent year-on-year in the first quarter of 2026, underscoring the mounting pressures facing producers amid a new tax framework, weak consumer demand and...

June 22, (THEWILL) — Nembe Exploration and Production Company Limited (Nembe E&P), the leading upstream subsidiary of the Aiteo Group, presents opportunities for significantly improving Nigeria’s local content drive. The firm’s growth strategy unveiled in July 2025, which aims...

June 21 (THEWILL) — Numerous unemployed Nigerians, having lost their jobs due to severe economic difficulties, have resorted to utilising their retirement savings for immediate sustenance, raising concerns among industry stakeholders. The early withdrawals, which fundamentally impact the accumulated...

June 21 (THEWILL) —The Nigerian Exchange (NGX) closed the week on a bearish note as sustained sell pressure across major counters dragged key performance indicators lower, wiping approximately ₦5.64 trillion from investors’ wealth. The NGX All-Share Index (ASI) depreciated by...

June 19 (THEWILL) — Oil prices fell sharply on Thursday, dropping to their lowest levels since the outbreak of the US-Iran conflict as easing geopolitical tensions improved expectations for global crude supply. According to Reuters, Brent crude futures fell by...

June 19 (THEWILL) — President Bola Ahmed Tinubu has said the Federal Government remains on course to deliver a 1.1 million metric tonnes fertiliser programme to Nigerian farmers in 2026, as part of efforts to boost agricultural productivity and...

June 19 (THEWILL) — Nigerian fuel marketers are increasingly importing refined petroleum products originating from the Dangote Petroleum Refinery through the offshore ship-to-ship trading hub in Lomé, according to an official of S&P Global Commodity Insights. Speaking at a webinar...