Sam Diala, THEWILL

April 20, (THEWILL) - The Debt Management Office (DMO) has debunked media reports that the Federal government has defaulted on its Chinese debt obligations. The DMO made the clarification on Wednesday, while reacting to media reports which suggested the default....

April 20, (THEWILL) - The Ibadan Electricity Distribution Company (IBEDC) has 1.3 million estimated billing customers – the highest in Nigeria, as the country grapples with perennially poor supply, according to data by the National Bureau of Statistics (NBS). Ibadan...

April 19, (THEWILL) – There is palpable anxiety among Nigerians following the revelation that the country has failed to service its debt to China which has accumulated to N110.31 billion in the last two years. According to a report by...

April 19, (THEWILL) – The Major Oil Marketers Association of Nigeria (MOMAN), has said it is in support of the Federal Government’s plan to remove oil subsidy from June 2023. MOMAN’s position comes amid strong opposition from mainstream labour...

April 19, (THEWILL) – A Federal High Court in Abuja has nullified all decisions taken by the Board of the Nigerian National Petroleum Corporation Limited (NNPCL) between January 5, 2022 and April 18, 2023. The annulment was pronounced by...

April 18, (THEWILL) - NOVA Merchant Bank Limited announced its Audited Full Year 2022 financial results, showing an outstanding 107.9% year-on-year growth in profit before tax and the group year-on-year profit before tax of 98.2%. The financial institution’s...

April 18, (THEWILL) – ExxonMobil has declared force majeure on lifts from different terminals in the country following industrial action by the company’s in-house workers union, the company said on Monday in a statement. Spokesperson Michelle Gray in a...

April 18, (THEWILL) – The World Bank has said that Nigeria’s deteriorating fiscal crisis is worsening as Africa’s largest economy used 96.3 percent of its 2022 revenue to service debts. The fact was contained in the Macro Poverty Outlook for...

April 17, (THEWILL) – The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has applauded the International Monetary Fund’s (IMF) support for the recent tightening of monetary policies in recent months. Emefiele made this remark while addressing journalists...

April 16, (THEWILL) - A civil society organisation, Civil Society Legislative Advocacy Centre (CSLAC), has protested at the 2023 IMF/World Bank Group Spring meetings in Washington DC, USA, against Nigeria’s incessant borrowing from the Bretton Woods Institutions which contributed...