Business

March 22, (THEWILL) — The Nigeria Sovereign Investment Authority (NSIA) has signed a deal with UK-based Asset Green Ltd to develop a $500 million large-scale dairy project in Nigeria. The agreement was disclosed in a statement issued by NSIA on...

March 22, (THEWILL) — United Bank for Africa (UK) Limited (UBA UK) and British International Investment plc (BII), the UK’s development finance institution and impact investor have announced signing a letter of intent to develop trade finance collaboration opportunities....

March 20, (THEWILL) — At Lancaster House, Nigeria and the United Kingdom have sealed a trio of agreements designed to tighten migration systems, bolster border security and expand economic cooperation, marking a significant shift in bilateral relations. The accords,...

March 20, (THEWILL) — Providus Bank has successfully met the Central Bank of Nigeria’s recapitalisation benchmark, confirming a new capital base of ₦65 billion, the lender announced on Thursday. The move aligns Providus Bank with the apex bank’s regulatory...

March 20, (THEWILL) — The Dangote Refinery is increasingly positioning itself as a critical fuel supply hub for Nigeria and parts of Africa, as disruptions linked to the Iran conflict continue to unsettle global oil markets. Rising geopolitical tensions in...

March 20, (THEWILL) — The Nigerian naira weakened at the official market as Nigeria’s external reserves slipped below the $50 billion threshold, raising concerns over the sustainability of recent foreign exchange stability despite rising global oil prices. Data from the...

March 20, (THEWILL) — The International Monetary Fund (IMF) has warned that rising oil prices could trigger a fresh wave of global inflation, posing risks to an already fragile economic recovery. In its latest assessment, the Fund noted that crude...

March 20, (THEWILL) — Nigeria’s investment drive gained momentum as President Bola Ahmed Tinubu’s state visit to the United Kingdom attracted $1.51 billion in deals, including a major financing package targeted at revitalising the country’s critical trade infrastructure. Central to...

March 19, (THEWILL) — The Dangote Refinery imported crude oil worth $3.74 billion in 2025, highlighting its growing dependence on foreign feedstock despite Nigeria’s status as a major oil producer.  The scale of imports reflects persistent constraints...

March 19, (THEWILL) — The Central Bank of Nigeria (CBN) recorded subdued demand at its latest Open Market Operations (OMO) auction, as foreign portfolio investors (FPIs) scaled back participation, leading to lower sales. Market data indicates that the auction...