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IMF Cuts Nigeria Growth Forecast Again Amid Oil Slump

The International Monetary Fund (IMF) said on Thursday that it has again cut its growth forecast for Nigeria as the oil exporter faces "substantial challenges" from low crude prices. In its annual review of Nigeria's economic situation, the IMF said...

Unbelievable: Power Generation Crumbles To Zero Megawatt

SAN FRANCISCO, March 31, (THEWILL) – Nigeria’s power generation collapsed completely to zero megawatt for about three hours on Thursday, at exactly 12.58pm. Data from the country’s System Operator revealed that no power generation company in Nigeria produced a single...

Nigeria’s Buhari Asks U.S. For Help In Returning Stolen Assets

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Nigerian President Muhammadu Buhari has asked the United States for help in returning stolen Nigerian assets stashed in U.S. banks as part of his efforts to crack down on corruption, according to a statement from his office on Thursday. Buhari...

Fashola Admits To Power Insufficiency, Decries Vandalism

SAN FRANCISCO, March 31, (THEWILL) – Minister of Power Works and Housing, Mr Babatunde Fashola, has revealed there is currently not enough power to distribute unless more turbines are switched on. He attributed recent power outages in some parts of...

NNPC Opens Bids For Co-location Of Refineries

SAN FRANCISCO, March 31, (THEWILL) – The Nigeria National Petroleum Corporation (NNPC) has opened bids for the co-location of refineries. A statement signed by Mr Garba Deen Muhammad, Group General Manager, Group Public Affairs Division, on Thursday in Abuja, said...

No Factions In APC – Party Declares

SAN FRANCISCO, March 31, (THEWILL) – The Leadership of the All Progressives Congress (APC) has declared that there are no factions and divisions within the party. In a statement released by Mai Mala Buni, National Secretary, APC, the party described...

Fuel Scarcity: NNPC Raises Reconciliation Committee For IPMAN

SAN FRANCISCO, March 31, (THEWILL) – The Minister of State for Petroleum, Dr. Ibe Kachikwu, has raised a 14-man committee within the Independent Marketers Association of Nigeria (IPMAN) to help in finding lasting solutions to the persistent fuel crisis...

Buhari To Critically Review Budget Before Assenting

SAN FRANCISCO, March 31, (THEWILL) – President Muhammadu Buhari has declared that he will critically review the 2016 Appropriation Bill passed by the National Assembly before assenting to it. He made this known at a meeting with the United States...

FG Nominates Ex-NNPC Director, Mohammed Barkindo For OPEC Secretary-General

BEVERLY HILLS, March 31, (THEWILL) – The Federal Government has nominated Mr. Mohammed Barkindo, a former Group Managing Director (GMD) of the Nigerian National Petroleum Corporation, NNPC, for the position of the Secretary-General of the Organisation for Petroleum Exporting...

Controversial Businessman, Ifeanyi Uba Fined, Banned For Assaulting Goalkeeper

BEVERLY HILLS, March 31, (THEWILL) – Chief Dr. Ifeanyi Uba, the owner of FC IfeanyiUbah has been fined N2.5m and banned for 10 premier league matches for encroaching the field during a game and assaulting the goalkeeper of Heartland...