Business

March 13, (THEWILL) — Nigeria’s telecommunications operators are increasingly expanding into financial services, but their ambitions to dominate the fintech space are meeting the realities of a highly competitive and tightly regulated market. Over the past few years, major telecom...

March 13, (THEWILL) — Fintech firm, OPay, has reacted to reports suggesting that its offices were shut down by Nigeria’s tax authorities, clarifying that the development relates to a broader regulatory notice affecting multiple operators in the financial technology...

March 13, (THEWILL) — PalmPay has reaffirmed its commitment to gender inclusion in the tech ecosystem with the third edition of its Purple Woman programme, Purple Woman 3.0, to empower young women with digital and technical skills. The initiative focuses...

March 13, (THEWILL) — Nigeria’s banking sector witnessed a significant surge in excess liquidity this week as commercial banks deposited nearly ₦7 trillion with the Central Bank of Nigeria through its Standing Deposit Facility (SDF). The development highlights the...

March 12, (THEWILL) — The Nigerian equities market closed Thursday’s trading session on a positive note as renewed buying interest lifted key market indicators, reversing the losses recorded in the previous session. At the close of trading, market capitalisation increased...

March 12, (THEWILL) — Nigeria’s electricity distribution companies are under renewed financial pressure after the Nigerian Electricity Regulatory Commission (NERC) directed them to refund ₦20.33 billion to customers who paid for prepaid meters under the Meter Asset Provider (MAP)...

March 12, (THEWILL) — Nigeria’s crude oil production fell to 1.31 million barrels per day (bpd) in February 2026, representing a 10.7 percent decline from January’s 1.45 million bpd, according to the latest figures from the Organisation of...

March 12, (THEWILL) — Fertiliser prices have surged by about 11 percent just weeks before the planting season, raising fresh concerns that food inflation could accelerate in the coming months as farmers grapple with rising production costs. Market surveys show...

March 12, (THEWILL) — The Federal Government of Nigeria has ruled out any plan to regulate petrol prices despite growing concerns over the impact of escalating tensions in the Middle East on global oil markets. The Minister of Finance and...

March 12, (THEWILL) — Global oil prices climbed above the $100-per-barrel threshold after attacks linked to Iran heightened fears of supply disruptions in the Middle East, offsetting efforts by the International Energy Agency (IEA) to stabilise markets through a...