Ogochukwu Onwaeze, THEWILL

Nigeria’s External Reserves Exceed $52bn, Beating CBN’s 2026 Forecast

Nigeria's external reserves rose to $52.02bn on July 20, marking their highest level since January 2009 and exceeding the Central Bank of Nigeria's projected reserve target for the end of 2026. The country's reserves have expanded by about...

NNPCL Faces Scrutiny Over N7.13tn Energy Security Spending

NNPCL's audited 2024 financial statements have sparked fresh scrutiny after revealing N7.13tn in energy security spending. The ADC and former Vice President Atiku Abubakar have questioned the spending, arguing that the figures raise fresh concerns over transparency. Energy...

Reps Seek Compensation as South African Businesses Shut Over Xenophobic Attacks

The House of Representatives has launched an investigation into the human and economic losses suffered by Nigerians in repeated xenophobic attacks in South Africa Lawmakers also urged stronger diplomatic engagement to safeguard Nigerians in South Africa amid renewed...

FG Targets $1tn Economy with Fresh Business Reforms, Faster Approvals, Investor Push

PEBEC says reforms have shifted from policy design to execution, with faster approvals, regulatory reforms and digital government services now taking centre stage. New initiatives, including ReportGov, port reforms and regulatory impact assessments, are aimed at reducing business...

Nigerian Stock Market Extends Rally As NGX Adds ₦307bn, Mid-Cap Stocks Sustain Buying Momentum

NGX gained ₦307 billion as market capitalisation rose to ₦159.119 trillion, while the All-Share Index advanced 0.19 percent to 246,659.56 points on sustained buying interest. Market breadth remained positive with 34 gainers against 22 losers, as investors accumulated...

CSCS Declares First-Ever Interim Dividend as H1 Profit Jumps 115%

CSCS has declared its first-ever interim dividend of ₦1 per share after delivering a record first-half financial performance The capital market infrastructure company reported a 115 percent increase in profit before tax to ₦13.21 billion, driven by stronger...

NGX Emerges Africa’s Second-Best Performing Stock Market With 47.4 Percent H1 Return

The Nigerian Exchange (NGX) delivered a 47.43 percent return in the first half of 2026, making it Africa's second-best performing major stock market behind only Ghana and outperforming the average return recorded across six leading African exchanges. Strong...

CBN Retains Benchmark Interest Rate at 26.5 Percent

The Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate (MPR) at 26.5 percent, extending its cautious monetary policy stance as inflation continues to moderate and foreign exchange market conditions improve. The Monetary Policy Committee (MPC)...

10 Economic Pressures Draining Nigerians’ Wallets in 2026

July 21, (THEWILL) — Nigeria's economy has shown signs of recovery in 2026, with stronger government revenue, rising foreign reserves, improved oil production and continued reforms across several sectors. Yet for many Nigerians, the benefits remain difficult to see in...

Access Bank Moves to Support SMEs With New Digital Tool

Access Bank will host its maiden MSME Conference bringing together entrepreneurs, policymakers and technology leaders to explore how artificial intelligence can help small businesses improve productivity. The bank will also unveil the Access SME App, a new digital...

About Me

Ogochukwu Onwaeze is a writer specializing in business and economic journalism. At THEWILL News Media, she translates market trends, financial developments, and policy shifts into clear and engaging stories.
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