News

Nigeria’s Tax Revenue Surges 49 Percent To ₦15.8trn In Five Months On Reform Gains

June 19 (THEWILL) — Nigeria's tax revenue rose by 49 percent in the first five months of 2026, driven by sweeping tax reforms and stronger collections from key sectors of the economy. According to documents seen by Bloomberg, revenue collected...

Two Lifeless Bodies Recovered As Troops Raid Katsina Terror Camps, Rescue Kidnap Victim Held In Chains

June 19 (THEWILL) — The Nigerian Army has recorded another major success in ongoing counterterrorism operations in Katsina State after troops raided multiple terrorist camps, recovered two lifeless bodies and rescued a kidnapped victim who was found chained inside...

DIG Holds Strategic Security Meeting In Ebonyi As Stakeholders Bemoan Low Manpower, Intelligence Reports

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June 19 (THEWILL) — The Deputy Inspector-General of Police, Kenechukwu Onwuemelie, has held a strategic security meeting with stakeholders in Ebonyi State to foster collaboration, build trust and enhance security within the length and breadth of the state. Speaking during...

Fraudsters Steal ₦134bn From Banks, Customers In Six Years As Digital Payments Expand – CBN

June 19 (THEWILL) — Banks and their customers lost a combined ₦134.48bn to fraud between 2020 and 2025, underscoring growing security challenges within Nigeria’s rapidly expanding digital payments ecosystem, according to the Central Bank of Nigeria. Data contained in the...

No Compromise To Intelligence Secrets, National Security — DSS Opposes Foreign Funding In Proposed Trust Fund Bill

June 19 (THEWILL) — The Department of State Services (DSS) has firmly opposed provisions allowing foreign donations in a proposed legislation seeking to establish a dedicated trust fund for the agency, warning that international funding could expose classified intelligence...

Tinubu Appoints Kunle Elebute Chairman Of Financial Reporting Council Board

June 19 (THEWILL) — President Bola Ahmed Tinubu has appointed former KPMG Chief Executive Officer and ex-Chairman of KPMG Africa, Kunle Elebute, as the Chairman of the Governing Board of the Financial Reporting Council of Nigeria. The appointment was confirmed...

Nigeria Adopts Proactive Flood Strategy as NEC Approves N83.21bn for Flood Preparedness

June 18 (THEWILL) — The National Economic Council (NEC) has approved the release of N83.21 billion for flood preparedness, early warning systems, and climate-related disaster mitigation across Nigeria, marking a major policy shift from reactive emergency responses to...

Nigeria’s New Tax Laws Take Shape as FG Issues Transition Directives

June 18 (THEWILL) — The Federal Government has issued the General Guidelines for the implementation of the Tax Acts 2025, setting out how taxpayers, practitioners, and revenue authorities should move from the repealed tax laws to the new...

NGX Extends Losing Streak as Investors Shed ₦2.18tn

June 18 (THEWILL) — The Nigerian Exchange (NGX) closed lower on Thursday as sustained sell pressure across key counters dragged market performance deeper into negative territory, wiping off approximately ₦2.18 trillion from investors’ wealth. Market capitalisation declined from ₦154.445 trillion...

Israel Issues Demolition Notices for Nine Palestinian Homes in West Bank

June 18 (THEWILL) — Israeli authorities on Thursday issued demolition notices for nine Palestinian homes in the town of Ash-Shuyukh, northeast of Hebron in the occupied West Bank, intensifying tensions in the territory amid renewed concerns over settlement expansion,...