Sam Diala, THEWILL

April 26, (THEWILL) – After losing N2.3 trillion revenue to oil theft in 12 months, Nigeria, Africa’s largest economy, has secured a $800 million facility from the World Bank to cushion the effects of the planned oil subsidy removal...

April 26, (THEWILL) – The Federal Government Tuesday announced that it had begun disconnection of some power companies from the national grid due to their “non-compliance” with the Electricity Market Rules. The announcement came four days after most parts...

April 25, (THEWILL) – Nigeria’s total annual upstream capital expenditure decreased by 74 percent from $27 billion in 2014 to less than $6 billion in 2022, according to Oilprice.com. The leading energy news site revealed also that Nigeria’s yearly capital...

April 25, (THEWILL) – A Non-Governmental Organisation (NGO), Justice Now Coalition, has called on the Federal Government to obey the court judgement on the case of wrongful removal of Sen. Ifeanyi Araraume as non-executive Chairman of the board...

April 24, (THEWILL) – The Nigeria Deposit Insurance Corporation (NDIC) has commenced verification of insured depositors of Peak Merchant Bank in-liquidation towards payment of their insured sums. This is in line with its mandate of deposit guaranty and reimbursement...

The National Pension Commission (PenCom) has said it is further diversifying investments in pension fund portfolio assets as inflation rates continue to rise. The move is in a bid to ensure that average annual pension fund returns for Retirement Savings...

April 24, (THEWILL) – Nigerians will, effective May 1, 2023, pay more for imported cars as port operators give notice of increase in handling charges. The Ports and Terminal Multipurpose Limited has slammed an additional N50,000 per unit...

April 23, (THEWILL) - As Nigeria navigates the 3rd year of implementing the Decade of Gas Programme of the Federal Government, the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote has advocated...

Stanbic IBTC Holdings Plc paid a total of N159 million as punishment against its subsidiaries for breaching various regulatory guidelines in the 2022 financial year. The penalties were imposed by the Central Bank of Nigeria (CBN), National Pension Commission...

April 22, (THEWILL) – The Federal High Court, Abuja, has nullified some sections of the Companies and Allied Matters Act (CAMA), 2020 which were considered to infringe on the fundamental human rights of the Nigerian citizens. The judge, James...