Economy

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,...

Domestic refining capacity has risen from 30,000 bpd to about 700,000 bpd. Tax revenue climbed from ₦12.3trn in May 2023 to ₦27.1trn by July 2026. Nigeria recorded a ₦7.55trn trade surplus in Q1 2026. Minimum wage has risen...

July 26, (THEWILL) — Northern Nigeria, once regarded as the nation's agricultural powerhouse and demographic engine, is facing what may be its deepest socio-economic crisis in decades. The cause: Insecurity. Across the North-East, North-West and parts of the North-Central geo-political...

July 26, (THEWILL) — The Central Bank of Nigeria (CBN) has again chosen policy caution over monetary easing, retaining the Monetary Policy Rate (MPR) at 26.5 percent despite a steady moderation in inflation, which declined to 15.91 percent in...

July 26, (THEWILL) — President Bola Ahmed Tinubu's decision to constitute a 15-member Economic Advisory Committee has been welcomed by many stakeholders who see it as an opportunity to inject fresh ideas into Nigeria's troubled economy. Notwithstanding some improved macroeconomic...

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...

July 19, (THEWILL) — A recent social media storm has forced Nigerians to confront an uncomfortable question. "Olodo Uprising" is a trend where shallow entertainment, anti-intellectualism, and virality. The recent debate sparked by rapper Ycee's comments on the 'Peller...

The total national savings in foreign cash have climbed way up to 52 billion dollars. Clean spendable savings made a massive jump from 3 billion dollars to over 40 billion dollars. New economic policies managed to clear away...

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...

July 06, (THEWILL) — In Nigeria today, everyone seems to have become an economist. On social media, in market stalls and in government corridors, the language of inflation, exchange rates and fiscal policy has become everyday conversation. The problem...