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News
THEWILL EDITORIAL: Tinubu’s New Economic Advisory Committee Must Deliver Results
48+ min ago (246+ words) 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 indicators such…...
Nigeria Tops $52 Billion in Foreign Reserves as Oil Revenues, Capital Inflows Strengthen Economy
2+ day, 16+ hour ago (427+ words) July 23, (THEWILL) — Nigeria’s external reserves have climbed above $52 billion for the first time in more than 17 years, surpassing the Central Bank of Nigeria’s (CBN) 2026 target as stronger oil earnings, improving exports and renewed foreign capital inflows bolster the country’s external…...
UK Envoy Raises Stakes for Tinubu, Says 7% Growth is Only Path to Better Living Standards for Nigerians
3+ day, 15+ hour ago (697+ words) July 22, (THEWILL) —The outgoing British High Commissioner to Nigeria, Richard Montgomery, has challenged the President Bola Tinubu administration to shift its attention from economic stabilisation to rapid economic expansion. He insisted that Nigeria must achieve a minimum annual growth rate…...
Cardoso explains CBN’s next move after keeping rates unchanged at 26.5%
4+ day, 1+ hour ago (712+ words) July 21, (THEWILL) — The Central Bank of Nigeria (CBN) recently announced that it has retained its benchmark Monetary Policy Rate (MPR) at 26.5% for a second consecutive meeting, signalling that policymakers remain committed to consolidating recent gains in price stability while closely…...
Nigeria Has Moved from Economic Decline to Stability – Oyedele
3+ week, 3+ day ago (544+ words) 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 growth that delivers…...
No Modern Economy Can Grow in Darkness — Tinubu Promises Industrial Revival in 3rd Anniversary Speech
1+ mon, 3+ week ago (772+ words) May 29 (THEWILL) — President Bola Tinubu on Friday declared that “no modern economy can grow in darkness,” as he pledged a renewed drive to stabilise Nigeria’s electricity supply and accelerate industrial revival through deepening power sector reforms, expanded transmission infrastructure, and…...
Naira Strengthens Against British Pound, Trades At ₦1,840/£ Amid UK Political Uncertainty
2+ mon, 3+ day ago (349+ words) May 22, (THEWILL) — The Nigerian naira recorded fresh gains against the British pound sterling in the foreign exchange market, strengthening to ₦1,840/£1 amid rising political and economic uncertainty in the United Kingdom. Latest data from the Central Bank of Nigeria (CBN) showed…...
Naira Gains Against Pound Amid UK Political Turmoil
2+ mon, 1+ week ago (325+ words) May 15, (THEWILL) — The Nigerian naira strengthened against the British pound in the first half of May, trading around N1,853/£1 in the foreign exchange market, as political uncertainty in the United Kingdom continued to pressure the pound sterling. Data from the Central…...
Nigeria’s Poverty Climbs To 63 Percent Despite Easing Inflation — World Bank
3+ mon, 2+ week ago (267+ words) thewill news media Nigeria’s Poverty Climbs To 63 Percent Despite Easing Inflation — World Bank April 10, (THEWILL) — Nigeria’s poverty rate rose to 63 percent in 2025, despite a noticeable slowdown in inflation, underscoring the limited impact of macroeconomic improvements on household welfare, according to…...
Nigeria’s Price Growth Slows As February Inflation Falls To 15.06%
4+ mon, 1+ week ago (612+ words) The marginal decline of 0.04 percentage points suggests a gradual easing in overall price pressures in Africa’s largest economy, offering a modest sign of relief for households and businesses grappling with high living costs. Data from the statistics agency showed that…...