Economy

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...

From “Olodo Uprising” to “Olodo Downrising”

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...

Nigeria Builds $52 Billion Cash Buffer to Protect Local Economy

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...

Nigerian Economy 2026: A Mid-Term Review and Commentary

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...

Everyone has Become an Economist

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...

From Ports to Plates: How the 2026 Green Tax and Tariff Cuts Impact Your Pocket

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...

FG Targets Stronger Development Finance, Private Capital To Drive $1trn Economy

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...

Nigeria Has Moved from Economic Decline to Stability – Oyedele

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...

Oil-Producing States Rake in N1.58tn Derivation Windfall Amid Elusive Investment Inflow

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...

Naira Float: Employment and Manufacturing Tell Their Stories

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...
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Lack Of Love Not Enough – Akwa Ibom Court Rejects Divorce Petition After 43-Year Marriage

An Akwa Ibom State High Court sitting in Uyo has dismissed a petition seeking the dissolution of a marriage that has lasted over 43 years, ruling that lack of love and mutual respect between spouses does not, on its own, constitute sufficient legal grounds for divorce.
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