Nigeria economy

The figures, contained in the World Bank’s October 2026 Nigeria Development Update, show that interest payments amounted to 124.2 per cent of the Federal Government’s N6.2tn revenue between January and June.

July 8 (THEWILL) — The International Monetary Fund (IMF) has projected that Nigeria's economy will expand by 4.1 percent in 2026 and accelerate to 4.3 percent in 2027, even as global economic growth is expected to slow to 3.0...

May 26 (THEWILL) — Nigeria’s economy grew by 3.89 percent in real terms in the first quarter of 2026, according to the latest Gross Domestic Product (GDP) report released by the National Bureau of Statistics (NBS) on Monday. The latest...

December 30, (THEWILL) — The Central Bank of Nigeria (CBN) has projected a more stable and resilient economy in 2026, citing the impact of reforms implemented since 2023 and enhanced macroeconomic coordination. This projection was outlined in the Bank’s...

December 29, (THEWILL) — Nigeria’s decision to confront terrorism through a targeted joint security operation with the United States is being read in financial and diplomatic circles as more than a military action. It is a signal to markets, partners...

Says banks raised N2.5tn new capital in H1 2025 September 14, (THEWILL) — Nigeria’s rebased Gross Domestic Product needs 21.95 per cent growth at N1,500 per dollar exchange rate to achieve $1tn economy target by 2031, Afrinvest West Africa Limited...

September 01, (THEWILL) — In Lagos, Nigeria, just as in other African cities, such as Johannesburg, Cairo and Nairobi, the pressure to appear rich has reached disturbing heights. Amid a backdrop of rapid urbanisation and economic uncertainty, social media...

July 27, (THEWILL) — Nigeria’s rebased GDP puts the economy’s size at N372 trillion as of 2024 -- equivalent to US$244 billion at a recent exchange rate of N1,550/US$1. In USD terms, this constitutes a $266 billion slump in...

April 28, (THEWILL) – It is safe to say Nigeria's economy has undergone transformations in recent times, characterised by overambitious reforms aimed at stabilising the macroeconomic environment. However, these changes have also introduced challenges that directly affect the daily...

October 27, (THEWILL) – The latest data from the National Bureau of Statistics (NBS) on capital importation show that Foreign Direct Investment (FDI) inflow into Nigeria dropped by a whopping 75 per cent between the first and second...