Business

May 29 (THEWILL) — The Federal Government recorded fresh borrowings of N11.89 trillion in the first nine months of 2025 but spent only N3.10 trillion on capital projects within the same period, highlighting a widening gap between debt accumulation...

May 29 (THEWILL) — Nigeria recorded a sharp decline in its fiscal deficit in the third quarter of 2025, signaling improving public finance management and stronger government revenue performance amid ongoing economic reforms. According to the latest fiscal performance report...

May 29 (THEWILL) — Nigeria’s Dangote Refinery has emerged as the world’s largest exporter of jet fuel in April, marking a major milestone for Africa’s biggest refinery amid disruptions in global energy trade triggered by tensions in the Middle...

May 28 (THEWILL) — Senior officials appointed under President Donald Trump have reportedly pushed the U.S. Bureau of Engraving and Printing (BEP) to begin preliminary designs for a proposed $250 banknote carrying Trump’s portrait, a move that could mark...

May 28 (THEWILL) — Nigeria’s total expenditure fell 41.57 percent below its prorated quarterly budget target to ₦8.03 trillion in the third quarter of 2025, highlighting continued fiscal constraints despite modest economic growth and improved revenue performance. This was disclosed...

May 28, (THEWILL) — Nigeria’s oil revenue performance suffered a major setback in the third quarter of 2025, falling far below government projections and exposing the nation’s fragile fiscal position despite slight improvements in earnings. According to the latest...

May 28 (THEWILL) — Nigeria recorded a sharp surge in foreign portfolio investment inflows in January 2026, with speculative capital, popularly known as hot money, rising to $3.37 billion and accounting for nearly 96 percent of total capital imported...

May 28 (THEWILL) — Meta Platforms has begun the global rollout of new subscription plans across Facebook, Instagram, and WhatsApp as the technology giant accelerates efforts to diversify revenue beyond digital advertising. The company announced on Wednesday that the new...

May 27, (THEWILL) — The Central Bank of Nigeria’s decision to retain the Monetary Policy Rate (MPR) at 26.5 percent is expected to sustain strong investor appetite for commercial papers (CPs), while keeping borrowing costs elevated for corporates seeking...

May 27, (THEWILL) — Cash held outside Nigeria’s banking system declined by N104.76 billion between February and April 2026, following the Central Bank of Nigeria’s decision to reduce interest rates at its first Monetary Policy Committee meeting of...