Business

May 27, (THEWILL) — Access Bank UK emerged as the clear leader among the United Kingdom subsidiaries of Nigeria’s FUGAZ banks after posting a staggering N288.6 billion pre-tax profit for the 2025 financial year, accounting for more than...

May 27, (THEWILL) — As Nigeria marked the 2026 Children’s Day celebration, Zenith Bank Plc has reaffirmed its commitment to child development through a broad range of initiatives focused on education, financial literacy, healthcare, digital inclusion, and social...

May 26 (THEWILL) — The Nigerian Exchange closed lower on Tuesday, as renewed profit-taking in key counters dragged market performance into negative territory, reversing part of the gains recorded at the start of the week. Market capitalisation declined by ₦888...

May 26 (THEWILL) — Nigeria’s private sector credit declined sharply by more than ₦14 trillion within two months, highlighting growing weaknesses in lending to productive sectors of the economy despite the Central Bank of Nigeria’s earlier monetary policy easing. Latest...

May 26 (THEWILL) — Nigeria’s trade sector accounted for 17.89 percent of the country’s Gross Domestic Product (GDP) in the first quarter of 2026, reinforcing its position as one of the largest drivers of economic activity despite persistent macroeconomic...

May 26 (THEWILL) — Nigeria’s manufacturing sector staged a strong rebound in the first quarter of 2026, with its contribution to real Gross Domestic Product (GDP) rising sharply to 9.57 percent, signalling renewed industrial momentum after a weak...

May 26 (THEWILL) — The Dangote Petroleum Refinery has emerged as a strategic lifeline for Nigeria’s economy, with S&P Global Ratings describing the facility as a critical buffer against growing supply disruptions and geopolitical tensions in the Middle East. In...

May 26 (THEWILL) — Nigeria’s economy grew by 3.89 percent in real terms in the first quarter of 2026, according to the latest Gross Domestic Product (GDP) report released by the National Bureau of Statistics (NBS) on Monday. The latest...

May 26 (THEWILL) — The Federal Government has cancelled $717.7 million in undisbursed funding under the World Bank-backed Power Sector Recovery Performance-Based Operation (PSRO), dealing a major blow to Nigeria’s efforts to restore stability and financial sustainability in the...

May 25 (THEWILL) — The operational expansion of the 650,000-barrels-per-day Dangote Petroleum Refinery & Petrochemicals is significantly reducing Nigeria’s dependence on imported fuel and strengthening the country’s external position, according to the Economist Intelligence Unit (EIU). In its latest assessment...