News

10 Economic Pressures Draining Nigerians’ Wallets in 2026

July 21, (THEWILL) — Nigeria's economy has shown signs of recovery in 2026, with stronger government revenue, rising foreign reserves, improved oil production and continued reforms across several sectors. Yet for many Nigerians, the benefits remain difficult to see in...

Visa Fraud: EFCC Clears Immigration Boss Kemi Nandap, Says More NIS Officers May Face Trial

EFCC says Immigration Comptroller-General Kemi Nandap is not under investigation, dismissing reports linking her to the ongoing visa fraud probe. Criminal cases involving alleged visa fraud by some Nigeria Immigration Service officers are already pending before the Federal...

It’s False — Defence Minister Dismisses Resignation Rumour

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Defence Ministry debunks viral reports claiming Minister of Defence, General Christopher Gwabin Musa (Rtd), is planning to resign from office. Minister's media aide describes the reports as malicious fabrications designed to mislead the public and undermine confidence in...

Akwa Ibom Police Arrest Two Over Alleged Murder, Forced Burial of 26-Year-Old

Police arrest two suspects over the alleged murder of a 26-year-old man in Nsit Ibom. Prime suspect allegedly confesses to ordering the fatal assault. Victim's father reportedly forced to bury son's body in a shallow grave. Police exhume...

FG’s N28bn Debt Grounds Nigeria’s Only State-Owned Power Plant for 11 Months

Ibom Power says gas supply was available for fewer than 30 days in the last 360 days, leaving operations at its 191MW power station largely grounded. The company blames the disruption on the Federal Government's outstanding N28 billion...

Nigeria, Morocco Seal Historic $25 Billion Gas Pipeline Deal to Supply Europe

West African heads of state have approved the legal framework needed to move the Nigeria-Morocco gas pipeline into its next phase. The 6,900-kilometre pipeline will run through 13 West African coastal countries before reaching Morocco and connecting to...

DSS Rejects Life Imprisonment Verdict on Two Ansaru Commanders, Heads to Appeal

DSS vows to appeal the life sentences imposed on two convicted Ansaru commanders, insisting only the death penalty reflects the gravity of their crimes. Security agency links the convicts to the Oriire school abduction, alleging terrorists demanded their...

Access Bank Moves to Support SMEs With New Digital Tool

Access Bank will host its maiden MSME Conference bringing together entrepreneurs, policymakers and technology leaders to explore how artificial intelligence can help small businesses improve productivity. The bank will also unveil the Access SME App, a new digital...

First HoldCo on Course for ₦1tn Annual Profit as H1 Earnings Jump 83.5% to ₦653.5bn

First HoldCo posted a record ₦653.5 billion pre-tax profit in the first half of 2026, driven by stronger fee income, lower impairment charges, and improved operating efficiency. The banking group restored FirstBank's Capital Adequacy Ratio ahead of schedule...

PFIPC Scandal: Gbajabiamila Honours ICPC Invitation

Chief of Staff to the President, Femi Gbajabiamila, appears before the Independent Corrupt Practices and Other Related Offences Commission (ICPC) over the ongoing investigation into the alleged Presidential Foreign Investment Promotion Council (PFIPC). Gbajabiamila's lawyer, Jiti Ogunye, says...