Business

July 1 (THEWILL) — The Federal Government has set a target of generating ₦2.5 trillion in independent revenue in 2026 as part of efforts to improve fiscal discipline, curb revenue leakages and strengthen non-oil revenue generation. The Acting Executive Chairman...

July 1 (THEWILL) — The World Bank will gradually phase out lending to China by 2031, marking a significant shift in its relationship with the world's second-largest economy as Beijing's economic development reduces its need for financial support. According to...

June 30 (THEWILL) — The Nigerian Exchange (NGX) rebounded on Tuesday as renewed buying interest in blue-chip and consumer stocks lifted market capitalisation by ₦653 billion. Market capitalisation rose from ₦146.564 trillion at the opening of trading to ₦147.217 trillion...

June 30 (THEWILL) — African airlines recorded an 8.9 percent year-on-year increase in international passenger demand in May 2026, outperforming most global regions despite a broader slowdown in global air travel triggered by the conflict in the Middle East. The...

June 30 (THEWILL) — Global index provider FTSE Russell has placed Nigeria's planned reclassification to Frontier Market status under further review, citing concerns over the country's recent transition to a T+1 securities settlement cycle. The decision, announced on Tuesday, delays...

June 30 (THEWILL) — The price of Liquefied Petroleum Gas (LPG), popularly known as cooking gas, has declined across parts of the Federal Capital Territory (FCT), offering relief to households after months of sharp increases that pushed prices close...

June 30 (THEWILL) — The Debt Management Office (DMO) has unveiled plans to raise ₦4 trillion through Federal Government of Nigeria (FGN) bond auctions in the third quarter of 2026 as it continues to finance the country's widening budget...

June 30 (THEWILL) — Nigeria's exports to the United States declined by ₦365.64 billion in the first quarter of 2026, while imports from the world's largest economy nearly doubled, widening the country's trade deficit with the US to about...

June 30 (THEWILL) — Outstanding consumer credit in Nigeria declined by ₦780 billion to ₦3.03 trillion in February 2026, as elevated borrowing costs continued to dampen household demand for loans despite improving economic conditions. According to the Central Bank of...

June 30 (THEWILL) — Global air cargo demand increased by 6 percent in May 2026 despite ongoing geopolitical tensions in the Middle East, highlighting the aviation industry's resilience amid shifting trade patterns and operational disruptions. According to the latest data...