News

Ibom Air Raises Alarm Over Fuel Crisis, Signals Imminent Flight Cuts

April 27, (THEWILL) — The Akwa Ibom State-owned airline, Ibom Air, has issued a stark warning over the escalating cost of aviation fuel, signalling possible flight reductions if urgent action is not taken. In a statement released on Monday, the...

Nigeria Must Abandon Neocolonial Capitalism And Adopt Socialism – PRP

April 27, (THEWILL) — The People's Redemption Party(PRP) says Nigeria must abandon what it calls the Neocolonial capitalist system and replace it with Socialism for the progress of the nation. "Nigeria must abandon the Neocolonial capitalist system and march on...

EFCC Declares City Boys Movement Women Leader Tejuosho Wanted Over Alleged Fraud

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April 27, (THEWILL) — The Economic and Financial Crimes Commission (EFCC) has declared Halimat Adenike Tejuosho, the South-West Zonal Women Leader of the City Boys Movement, wanted over an alleged fraud case involving obtaining money by false pretence. The declaration...

Nigeria No Longer Permissive Ground For Drug Cartels – UNODC

April 27, (THEWILL) — Nigeria is no longer a safe haven or permissive ground for international drug cartels, the United Nations Office on Drugs and Crime (UNODC) has declared, citing a surge in arrests, seizures, and convictions recorded by...

Banking Losses Weigh On NGX As Market Capitalisation Drops By ₦1.37trn

April 27, (THEWILL) — The Nigerian equities market began the week on a negative note as sustained sell pressure, particularly in banking stocks, dragged key market indicators lower. Data from the Nigerian Exchange (NGX) showed that market capitalisation declined by...

2027: Hamzat Gains Edge As Sanwo-Olu, APC Stakeholders Rally Support

April 27, (THEWILL) — Governor Babajide Sanwo-Olu, on Monday, endorsed his deputy, Obafemi Hamzat, for the 2027 governorship election, as key stakeholders of the All Progressives Congress (APC) in Lagos continue to rally support around his candidacy. THEWILL reports that...

UBA Targets Debt Recovery, Signals Dividend Comeback As Earnings Absorb One-Off Loan Provision

April 27, (THEWILL) — United Bank for Africa (UBA) Plc says it is intensifying efforts to recover outstanding loans and expects to resume dividend payments to shareholders in 2026, despite a sharp decline in profit triggered by a major...

Nigeria’s External Reserves Drop $731m In April Amid FX Pressures

April 27, (THEWILL) — Nigeria’s external reserves fell by approximately $731 million in the first three weeks of April 2026, underscoring persistent pressure on the country’s foreign exchange buffers. Figures from the Central Bank of Nigeria (CBN) show reserves declined...

U.S. Expands Credit Guarantee Scheme to Deepen Agricultural Trade with Nigeria

April 27, (THEWILL) — The United States has stepped up efforts to strengthen agricultural trade with Nigeria by expanding support under the Export Credit Guarantee Program (GSM-102), managed by the U.S. Department of Agriculture. The GSM-102 program offers U.S. government-backed...

Police Bust Railway Vandalism Ring, Recover ₦400m Assets, Reject ₦100m Bribe

April 27, (THEWILL) — Operatives of the Nigeria Police Force (NPF) have busted a major railway vandalism syndicate, recovered critical infrastructure valued at over ₦400 million, and rejected a ₦100 million bribe offered to compromise the operation, reinforcing growing...
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Tinubu Doesn’t Live Large — NRS Boss Fires Back At Critics, Says President Walks To Work, Eats Once Daily, Debunks $279m Fraud Allegation

Describing the allegations as entirely false, Adedeji said they were the handiwork of individuals determined to discredit him and weaken public confidence in the Tinubu administration.
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