Business

March 05, (THEWILL) — In January 2026, Nigerian states recorded a significant increase in their share of Value Added Tax (VAT) revenue, receiving a total of about ₦551 billion. This sharp rise followed the implementation of new tax laws...

March 05, (THEWILL) — Global crude oil prices climbed toward $84 per barrel, rising above Nigeria’s 2026 budget benchmark and raising expectations of improved government revenue from oil exports. The rally was driven largely by heightened geopolitical tensions in...

March 05, (THEWILL) — Credit to Nigeria’s private sector declined slightly to N75.24 trillion in January 2026, reflecting a slowdown in lending activities at the start of the year, according to the latest Money and Credit Statistics released...

March 05, (THEWILL) — The Federal Government has announced the commencement of Batch B recruitment for the Youth Economic Intervention and De-Radicalisation Programme (YEIDEP), set to begin nationwide on Monday, March 9. The initiative aims to empower 20...

March 05, (THEWILL) — Recent budget defence sessions at Nigeria’s National Assembly have revealed significant funding challenges affecting several Ministries, Departments and Agencies (MDAs), raising concerns about the government’s ability to implement approved projects. During the defence of the...

March 05, (THEWILL) — Nigeria will launch its National Single Window (NSW) platform on March 27, in a major push to reform and modernise its trade processes. Chief of Staff to the President, Femi Gbajabiamila, described the initiative introduced...

March 05, (THEWILL) — The Central Bank of Nigeria (CBN) has taken delivery of locally sourced gold refined to London Bullion Market Association (LBMA) Good Delivery standards into its foreign reserves, raising total gold holdings to $3.5 billion in...

March 04, (THEWILL) — The Nigerian equities market closed marginally lower on Wednesday, reversing part of the previous session’s gains as profit-taking pressure resurfaced across select medium- and large-cap stocks. Market capitalisation declined from ₦126.198 trillion at the open to...

March 04, (THEWILL) — Nigeria’s Value Added Tax (VAT) revenue rose to ₦2.28 trillion in the third quarter of 2025, marking a 10.66 per cent increase from the ₦2.06 trillion recorded in the preceding quarter, according to the National...

March 04, (THEWILL) — Nigeria’s telecommunications sector is set to contribute an estimated N18.5 trillion to the nation’s Gross Domestic Product (GDP) in 2025, reflecting sustained growth driven by surging data consumption and accelerated 5G deployment. Recent industry data...