Economy

July 5 (THEWILL) — On July 1, 2026, a brand-new tax reality officially hit Nigerian ports. The newly introduced Green Tax Surcharge mechanism: a direct carbon penalty slapped onto high-emission vehicles has officially commenced, firing the opening salvo in...

July 3 (THEWILL) — The Federal Government has called for stronger development finance and greater mobilisation of private capital to support its ambition of growing Nigeria into a $1 trillion economy, saying public funds alone cannot finance the country's...

July 01 (THEWILL) — Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, has said Nigeria has successfully navigated the most difficult phase of its economic reforms and is now focused on accelerating broad-based and inclusive...

June 28 (THEWILL) — Nigeria's nine oil-producing states received a combined N1.58 trillion from the statutory 13 percent derivation fund between June 2025 and June 2026, highlighting how currency depreciation and elevated oil revenues have dramatically expanded sub-national finances...

June 15, (THEWILL) — Three years after Nigeria floated the naira on June 14, 2023, the country's manufacturing sector remains one of the clearest gauges of the policy's far-reaching consequences. Introduced as part of broader economic reforms aimed at...

June 14, (THEWILL) — Nigeria attracted a record $10.37 billion in foreign capital during the first quarter of 2026, nearly doubling inflows recorded a year earlier. Yet, despite the surge, the country’s labour market remains largely unchanged, exposing a...

June 09, (THEWILL) — The Federal Government has said Nigeria is now on a stronger economic footing despite mounting global economic uncertainties, as it welcomed the International Monetary Fund's (IMF) 2026 Article IV Mission Concluding Statement, describing the assessment...

June 8 (THEWILL) — Nigeria’s total merchandise trade rose to ₦34.79 trillion in the first quarter of 2026, supported by stronger export earnings and a sharp contraction in imports, according to the latest Foreign Trade Statistics report released by...

May 29 (THEWILL) — Nigeria recorded a sharp decline in its fiscal deficit in the third quarter of 2025, signaling improving public finance management and stronger government revenue performance amid ongoing economic reforms. According to the latest fiscal performance report...

May 25 (THEWILL) — Nigeria’s economy expanded by 3.89 percent year-on-year in real terms in the first quarter of 2026, signalling a stronger economic performance compared to the 3.13 percent growth recorded in the corresponding period of 2025, according...