Business

May 17, (THEWILL) — The National Pension Commission (PenCom) has granted Pension Fund Administrators (PFAs) special regulatory approval to invest pension assets in the planned Initial Public Offering of Dangote Petroleum Refinery & Petrochemicals FZE, waiving some of the...

May 17, (THEWILL) — The Nigerian Communications Commission (NCC) says it has noted recent public concerns regarding the quality of telecommunications services in parts of the country. In a statement signed by its Head, Public Affairs, Nnenna Ukoha, the...

May 17, (THEWILL) — The Federal Government has inaugurated an Insurance Policyholders’ Protection Fund (IPPF) Committee, aimed at strengthening consumers protection and stabilising Nigeria’s insurance industry. The News Agency of Nigeria (NAN) reports that the Minister of Finance and Coordinating...

May 17, (THEWILL) — Nigeria’s banking sector is increasingly shifting labour costs away from direct payroll and into operating expenses, as outsourcing becomes more embedded in the industry’s post-recapitalisation structure. A review of 2024 and 2025 financial statements across Tier-1...

May 15, (THEWILL) — Pipeline Infrastructure Nigeria Limited (PINL), a surveillance firm securing Nigeria oil facilities in four Niger Delta state, namely Bayelsa, Rivers, Imo and Abia, says with optimism that the Nigerian oil and gas industry can meet...

May 15, (THEWILL) — The Nigerian equities market closed the week on a bearish note on Friday, as broad-based sell pressures across key counters dragged major market indicators lower. Market capitalisation declined from ₦161.669 trillion at the opening of the...

May 15, (THEWILL) — Dangote Petroleum Refinery has filed a fresh lawsuit against the Nigerian National Petroleum Company Limited (NNPC) and several fuel marketers, seeking to overturn fuel import licences issued by the Nigerian Midstream and Downstream Petroleum Regulatory...

May 15, (THEWILL) — Nigeria’s headline inflation rate rose to 15.69 percent in April 2026, up from 15.38 percent recorded in March, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics. The new...

May 15, (THEWILL) — The Nigerian naira strengthened against the British pound in the first half of May, trading around N1,853/£1 in the foreign exchange market, as political uncertainty in the United Kingdom continued to pressure the pound sterling. Data...

May 15, (THEWILL) — The Central Bank of Nigeria (CBN) recorded a massive N5.63 trillion in Open Market Operations (OMO) sales within two weeks, underscoring sustained investor appetite for high-yield fixed-income instruments amid aggressive liquidity tightening by the apex...