Marcel Okeke, THEWILL

The Politics, Economics of Nigeria’s Stock Market as Showpiece for Reforms Success

The leadership of the Nigerian Exchange Group (NGX) and the Federal Government’s Economic Management Team (EMT) jointly called on President Bola Ahmed Tinubu at Aso Rock Villa, Abuja, to update him with the sterling performance of the country’s stock market in the past few years. The visit took place exactly two weeks to the commencement of campaigns for the 2027 Presidential elections, and exactly six months to the election date.

Nigerian Economy 2026: A Mid-Term Review and Commentary

July 12, (THEWILL) — All of a ‘sudden’, the first six months of year 2026 is gone, marked by the good, the bad and the ugly. With respect to the Nigerian economy, there was a lot of activities—dictated by...

Matters Arrising on CBN’s Exposure Draft on Holding Companies of Banks

June 28 (THEWILL) — A seemingly innocuous document—an exposure draft—recently issued by the Central Bank of Nigeria (CBN) on the new structure and operations of holding companies of banks, is already literally sending shivers down the spines of many...

Nigeria: Stifling Local Refining Through Intrigues and Policy Somersaults

May 31 (THEWILL) — What has been happening in the downstream sector and particularly the refining sub-sector, of the Nigerian oil and gas industry in the past couple of years is akin to a regime of ‘abracadabra’—the more you...

Economy: Labour Day 2026 and President Tinubu’s National Emergencies

May 18, (THEWILL) — The similarity between the highlights of the International Labor Organization (ILO’s) May Day 2026 message and the focus of President Bola Ahmed Tinubu’s Workers’ Day address is not coincidental. The ILO’s theme—“Decent Work Agenda”—is a...

Nigeria: A Return to Post-Fuel Subsidy Removal Contingencies and Palliatives?

May 03, (THEWILL) — ‎Today, it is obvious that the state of the Nigerian economy is, in almost all respects, the same as the immediate post-fuel subsidy removal time in the second half of 2023. The announcement of fuel...

Is Nigeria a Pariah Economy to Foreign Investors?

April 26, (THEWILL) — The above headline is necessitated by the continuing diminishing foreign direct investments (FDIs) inflow into Nigeria in the past couple of years, in spite of the ‘booming’ capital importation into the country. Available data show...

Oil Reform Taskforce: Unsolicited Memo from Concerned Nigerian

March 30, (THEWILL) — It remains undisputable that Nigeria is a mono-product economy; having crude oil (and some gas) as the mainstay of its economy for several decades. Consequently, the fate of its economy is intricately tied to the...

Nigeria’s Declining Oil Output and Soaring Foreign Portfolio Investment Inflow

March 01, (THEWILL) — It is most intriguing that at a time Nigeria’s capital importation (hence, external reserves) is rising in leaps and bounds, the country’s crude oil production (output) remains largely static, or marginally increasing. It is no...

Nigeria’s New Tax Regime as Threat to Cashless Economy, Financial Inclusion

February 01, (THEWILL) — For upwards of a decade-and-half, the Central Bank of Nigeria (CBN) has been implementing the financial inclusion and cashless economy initiative. Introduced in 2011, the policy aimed to reduce physical cash circulation, promote electronic transactions,...

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