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Cargo From Turkey Containing 440 Arms Intercepted In Lagos Port

BEVERLY HILLS, May 23, (THEWILL) - The Nigeria customs service (NCS) has intercepted a container-load of arms and ammunition, imported from Turkey, at the Tin Can Island Port in Lagos state According to Monday Abue, Head of Tin Can Island...

Osinbajo Seeks Approval For Additional $1.2bn External Loan

BEVERLY HILLS, May 23, (THEWILL) - Acting President Yemi Osinbajo has sought the approval of the House of Representatives for the $1.280 billion loan intended for the Development Bank of Nigeria (DBN) which is ready to commence operation while...

Again, CBN Retains Interest Rate, Cash Reserve Ratio At The Same Level

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BEVERLY HILLS, May 23, (THEWILL) - The monetary policy committee, MPC, of the Central Bank of Nigeria, CBN, has voted to hold key interest rate at record 14 per cent, while seeking convergence in foreign exchange market. The CBN also...

EFCC Seizes 18 Houses From Dasuki’s Associate

BEVERLY HILLS, May 23, (THEWILL) - Eighteen (18) houses in an estate allegedly belonging to an associate of the embattled former National Security Adviser, NSA, Col. Sambo Dasuki (retd.), Alhaji Aliyu Usman, have been confiscated by the Economic and...

Nigeria Almost Out Of Recession As First Quarter GDP Contracts By 0.52 Percent

BEVERLY HILLS, May 23, (THEWILL) - The National Bureau of Statistics, NBS, on Tuesday released the Gross Domestic Product, GDP, growth rate report for the first quarter of 2017 with the economy contracting by 0.52 per cent within the...

At Least 22 Killed In Suicide Attack At Ariana Grande Concert In Britain

At least 22 people, including some children, were killed and 59 wounded when a suicide bomber struck as thousands of fans streamed out of a concert by U.S. singer Ariana Grande in the English city of Manchester on Monday. Prime...

Update: Unlawful Detention: Ibori To Get Compensation From British Secretary of State

BEVERLY HILLS, May 22, (THEWILL) - Former Governor of Delta state, Chief James Ibori, on Monday, won an important legal victory against the British Secretary of State for the Home Department as the Court ordered the Home Department to...

CBN Sustains Supply Of Forex Into Market With $255m As Naira Holds Momentum

SAN FRANCISCO, May 22, (THEWILL) - Ahead of the outcome of the ongoing Monetary Policy Committee meeting in Abuja, the Central Bank of Nigeria (CBN) on Monday again injected over $255 million into the foreign exchange market.    A breakdown of...

How Intervention Of Osinbajo, IBB, Abdulsalami, Others Made Kano Assembly Suspend Probe Of Sanusi

SAN FRANCISCO, May 22, (THEWILL) - The Kano State House of Assembly has suspended the probe of the Emir of Kano, Alhaji Muhammad Sanusi II, over an alleged misappropriation of N6bn belonging to the Kano emirate headed by Sanusi. The...

Tinubu Warns Nigerian Military Against Staging Coup

SAN FRANCISCO, May 22, (THEWILL) - National leader of the All Progressives Congress, APC, Bola Tinubu, has warned the military against staging any coup in the country, stressing that Nigerians will resist any attempt to usurp the current administration...