Nigeria economy

Janauary 07, (THEWILL) - The Senior Special Assistant (SSA) to the Governor of Akwa Ibom State on Research and Documentation, Mr Essien Ndueso, has blamed the continued exit of multinational companies on the prevailing Nigerian economic environment. The SSA laid...

December 13, (THEWILL) - Nigeria's economy is expected to grow at an average annual rate of 3.5% in 2023-2026, World Bank Lead Economist for Nigeria, Alex Sienaert, said on Wednesday. This is, however, conditioned on the implementation of macroeconomic stabilisation...

December 09, (THEWILL) - Details of Nigeria’s 2024 budget proposal, now before the National Assembly, reveal numerous items of high expenditure that will further drain the economy and make effective governance a mirage. As it stands, most of the items...

December 08, (THEWILL) - Nigeria’s debt stock stood at N87.37 trillion as at September 30, 2023, the Debt Management Office (DMO) said on Friday. Director General of DMO, Ms. Patience Oniha, disclosed this on Friday, during an interactive session of...

December 06, (THEWILL) - Systems and societies are regularly compelled to review policies in light of changing realities. The review readies the system for the times ahead and puts them on a better ground for advancement. It is the...

December 03, (THEWILL) - Over the years, every Nigeria's annual budget has been titled to give the impression that its implementation will lead the country to an Economic Eldorado. ‘Budget of Hope and Economic Transformation’; ‘Budget of Inclusion and...

December 03, (THEWILL) - When former Minister of State for Defence, Musiliu Obanikoro, recently revealed in court how he helped orchestrate an operation about a decade ago to fly the sum of N1.2bn ($7.5m) in cash to the then...

December 03, (THEWILL) - Manufacturing companies are expressing concerns over the impact of the policy reversal on the 43 items earlier banned for foreign exchange. Ihe Central Bank of Nigeria (CBN) had on October 15, 2023 announced the readmission of...

November 23, (THEWILL) - Nigeria’s Gross Domestic Product (GDP) grew by 2.51% year-on-year in real terms in the second quarter of 2023, which is 0.2% points higher than 2.31% recorded in the previous quarter but 1.03% lower compared to...

November 20, (THEWILL) - President Bola Tinubu has said beyond Nigeria’s natural resources, the people of Nigeria, who are highly educated, skilled, and naturally industrious, are the primary asset and advantage the country wields over other nations in the...