Ogochukwu Onwaeze, THEWILL

Nigeria’s Customs Modernisation Project has been adopted as the model for a 20-year, $3.1bn AfCFTA customs modernisation programme across about 50 member countries. The ICRC says the deal demonstrates how properly structured public-private partnerships can attract private capital,...

The Nigeria Customs Service generated ₦4.03trn in revenue in the first half of 2026, putting it well ahead of its mid-year pace and strengthening its prospects of meeting the ₦11.074trn target set for the full year. Comptroller-General Adewale...

Nigerian local refineries received 53.7 million barrels of crude oil and condensate between April and June 2026, representing 97.4 per cent of the volumes allocated under the Domestic Crude Supply Obligation. Supply performance varied sharply across the quarter,...

The Federal Government is targeting the completion of 100,000 housing units before 2027 as it accelerates the implementation of the Renewed Hope Housing Programme. The initiative combines direct government investment with private-sector partnerships to expand housing supply, improve...

Lagos State emerged as Nigeria’s biggest recipient of FAAC allocations in the first half of 2026, receiving N365.78bn and overtaking oil-producing states including Delta and Rivers in the ranking. Lagos’ allocation jumped 54.39 percent year-on-year from N236.92bn, with...

Nigerian equities opened the new trading week strongly, with market capitalisation rising by ₦1.91 trillion to ₦160.421 trillion as the NGX All-Share Index climbed 1.20 percent to 248,529.75 points. Despite the sharp rise in the benchmark index, market...

Nigeria Revenue Service Chairman Zacch Adedeji has identified fuel subsidy, an opaque foreign exchange market, an underperforming oil sector and a narrow tax base as four major economic distortions inherited by the Tinubu administration. Adedeji said the problems...

Nigerian onion traders have suspended exports to Ghana and asked ECOWAS to intervene, saying repeated disputes and alleged harassment of traders have made cross-border trade increasingly difficult. The latest action follows an earlier suspension in April after Nigerian...

Nigeria’s tax collections rose 113 percent from ₦12.3 trillion in 2023 to ₦27.1 trillion by July 2026, with the Nigeria Revenue Service attributing the increase to tax-system digitisation, new tax laws and measures to close revenue leakages. The...

Nigeria’s non-oil exports rose from $2.97bn in 2013 to a record $6.1bn in 2025, while the number of export markets increased from 93 to 210. Nigerian exporters added 117 markets over the period, including Nepal, Sri Lanka, Oman,...