News

Two Years After Supreme Court Ruling, N10.48tn LG Allocations Still Not Paid Directly

August 09, (THEWILL) — Two years after the Supreme Court ordered that Federation Account allocations due to Nigeria’s 774 local government councils be paid directly to them, the financial autonomy granted by the judgment has yet to be fully...

New Stock Price Movement Rules Take Effect August 17

The Nigerian Exchange Limited will introduce a revised equity pricing methodology from August 17, requiring trades to meet minimum volume thresholds before they can trigger a published share-price movement. The new thresholds will vary according to a stock’s...

APC Plans to Use Federal Might to Rig Guber Poll — Osun Govt

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Osun Information Commissioner Kolapo Alimi accuses the APC of plotting to deploy "federal might" to influence the August 15 governorship election. Commissioner alleges police are acting in favour of the APC by frustrating Accord Party campaign activities and...

23 Years, One Owner, And A Telecom Empire Called Glo

Glo turns 23 with Mike Adenuga still in full control.  MTN Nigeria and Airtel Africa went public in 2019.  Glo challenged the market with cheaper calls and SIMs.  Its Glo-1 cable helped expand Nigeria’s internet capacity.  August 08, (THEWILL)...

What To Know About Elon Musk’s $16.8bn Chip Factory

Tesla and SpaceX are putting $16.8bn into a massive chip factory in Texas. Terafab could eventually cost $119bn as construction expands in phases. Tesla plans to use its chips for Optimus robots and autonomous vehicles. SpaceX wants the...

‘They Wanted Me to Stay With Them’: Freed Kwara Nurse Recounts Delivering 10 Babies Bare-Handed in Terrorists’ Camp

Freed nurse reveals she delivered 10 babies with her bare hands after terrorists discovered her medical skills and turned her into the camp's only healthcare provider. Captives survived months of starvation, sleeping on riverbanks in the open during...

Otedola Raises First HoldCo Stake With Fresh ₦18.1bn Share Purchase

Femi Otedola has increased his stake in First HoldCo Plc after acquiring an additional 138.04 million shares valued at about ₦18.11 billion. The latest purchase takes his holding in the financial services group from 25.8 percent to 26.1...

Osun: EFCC Broke No Law – Falana Insists Anti-Graft Agency Has Constitutional Power To Freeze Any Account

Falana declares EFCC acted within the law, insisting the anti-graft agency has constitutional authority to freeze any account, including those of state governments, where financial crimes are under investigation. Senior Advocate cites landmark Court of Appeal and Supreme...

Global Mobility Nigerians Are Paying Millions To Buy

Nigeria accounted for the largest share of Grenada citizenship applications in Q4 2025. A Grenada passport can cost a family at least $235,000. Nigerians face limited visa-free access and high Schengen refusal rates. The EU has given five...

Reps Discover Adeyemi’s Fake Council Listed Tinubu, Wike, CBN Governor, Others As Board Members

House committee discovers that President Tinubu and several top government officials were falsely listed as members of the governing board of the controversial Presidential Foreign Intervention Promotion Council (PFIPC). Lawmakers question the FRSC over the issuance of seven...