WAEC Syllabus for Commerce 2026

If you’re preparing for the WAEC Commerce 2026 examination, understanding the official syllabus is the first major step toward scoring high. Commerce is a subject that connects business, trade, finance, transportation, and everyday economic activities. The WAEC syllabus outlines exactly what you need to study, so you don’t waste time on topics that won’t appear in the exam.

This humanised guide explains the complete WAEC Commerce syllabus for 2026 in simple English, making it easier for you to understand, study, and revise effectively.

What the WAEC Commerce 2026 Syllabus Covers

The syllabus focuses on helping students understand:

How business activities run
How goods and services move from producers to consumers
The role of finance, banking, insurance, and transportation
How modern technology influences business
The responsibilities of business owners and consumers

The goal is to ensure you can apply commercial knowledge in real-life situations; whether in business, finance, or entrepreneurship.

WAEC Commerce Syllabus 2026

1. Introduction to Commerce

You will learn:

Meaning of commerce
Scope and importance of commerce
Branches: Trade and Aids to Trade

This is one of the easiest sections in the exam.

2. Occupations

Understand the types of occupations:

Industrial
Commercial
Service occupations

You should also know how people choose careers and how each occupation supports business activities.

3. Production

This section covers:

Meaning of production
Types of production (primary, secondary, tertiary)
Factors of production
Limitations to production
Division of labour

Expect both theory and real-life-based questions here.

4. Trade

Trade is a major part of the syllabus:

Home trade (retail & wholesale)
Foreign trade (import, export, entrepôt)
Documents used in trade
Trading terms

WAEC loves setting diagram-based questions in this topic.

5. Aids to Trade

You need to understand:

Banking
Insurance
Advertising
Transportation
Communication
Warehousing

These are the backbone of modern business.

6. Business Units

Covers:

Sole proprietorship
Partnership
Co-operative societies
Public and private limited companies
Public enterprises

You must know advantages, disadvantages, and formation procedures.

7. Business Finance

Learn about:

Sources of finance
Short-term and long-term financing
Capital structure
Personal finance and budgeting

Financial questions are always popular in WAEC Commerce.

8. Transportation

This section includes:

Types of transport
Advantages and disadvantages
Modern transport systems
Choosing the right method of transport

Very easy to understand with examples.

9. Banking

Here, you will study:

Types of banks
Functions of banks
Bank accounts
Cheques and electronic banking
Central Bank roles

Expect questions on modern banking trends.

10. Insurance

Topics include:

Principles of insurance
Types of insurance
Insurance documents
Importance of insurance in business

WAEC often tests basic principles like indemnity, insurable interest, and utmost good faith.

11. Advertising

You will learn:

Types of advertising
Media of advertising
Advantages and limitations
Sales promotion

Questions often ask you to compare different advertising media.

12. Business Environment

This covers:

Internal and external business environment
Government regulations
Economic factors affecting business

Useful for future business management studies.

13. Consumer Protection