News

July 2 (THEWILL) — The National Pension Commission (PenCom) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC) have recovered more than ₦3 billion in unremitted pension contributions from defaulting employers. The recovery was made under a joint...

July 2 (THEWILL) — Akwa Ibom State has received a $6.2 million performance-based reward from the World Bank-assisted State Action on Business Enabling Reform (SABER) Programme for its outstanding performance in transparency, budget management and good governance under the...

July 2 (THEWILL) — The Nigerian National Petroleum Company Limited (NNPC) recorded a ₦636 billion decline in revenue in May despite maintaining stable crude oil and gas production during the month. The national oil company disclosed this in its latest...

July 2 (THEWILL) — The Transmission Company of Nigeria (TCN) has announced a three-day planned power outage in parts of Delta State to facilitate critical maintenance works at its Delta 132/33kV Transmission Substation. The company said the planned outage would...

July 2 (THEWILL) — The Central Bank of Nigeria (CBN) has capped the suspension of certain contractual obligations involving troubled banks at two business days. The guidance takes immediate effect. The clarification is contained in an interpretative guidance issued by...

July 2 (THEWILL) — Former Vice President and presidential candidate of the African Democratic Congress (ADC) for the 2027 general election, Atiku Abubakar, has appointed actor-turned-politician, Kenneth Okonkwo, as his spokesperson. Okonkwo announced his appointment in a statement posted on...

July 01 (THEWILL) — The Federal Government has reduced the import levy on new vehicles from 20 per cent to 10 per cent and on used vehicles from 15 per cent to five per cent under its 2026 Fiscal...

July 01 (THEWILL) — The Presidency has disclosed that Adeyemi Adeniyi Matthew, who allegedly paraded himself as a presidential appointee and Director-General of a non-existent Presidential Foreign Intervention Promotion Council cum Presidential Economic Advisory Council, will face trial on...

July 01 (THEWILL) — Nigerian Exchange Limited (NGX) has announced the outcome of its Half-Year 2025 review of its market indices. This updated the composition of several key benchmarks to reflect prevailing market conditions and ensure the indices remain representative...

July 01 (THEWILL) — The International Monetary Fund (IMF) has disclosed that Nigeria recorded public spending equivalent to about 2 percent of its Gross Domestic Product (GDP) outside recent official budgets. It noted that the anomaly created a gap between...