News

Abductors of Oyo Pupils Using Them as Human Shields In Demand For Release Of Commanders – Minister

July 9 (THEWILL) — Bandits holding dozens of abducted pupils and teachers from schools in Oyo State have warned security forces against attempting a rescue operation, threatening to kill the captives if troops advance on their hideout, the Minister...

US Lists 124 Nigerians For Deportation Over Criminal Convictions as Trump Expands Immigration Crackdown

July 9 (THEWILL) — The United States Department of Homeland Security (DHS) has identified 124 Nigerians among foreign nationals slated for deportation over criminal convictions, marking the latest phase of President Donald Trump's aggressive immigration enforcement policy targeting undocumented...

DSS Arrests Journalist Zainab Sodiq Over Illegal Possession of Drones

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July 9 (THEWILL) — The Department of State Services (DSS) has arrested journalist, Zainab Sodiq, over alleged possession of a drone without the required authorisation. This prompted allegations of political persecution by human rights activist and former presidential candidate, Omoyele...

EFCC Arraigns Miyetti Allah President Bello Bodejo Over Alleged $2.63m Money Laundering, Terrorism Financing

July 9 (THEWILL) — The Economic and Financial Crimes Commission (EFCC) on Thursday arraigned the National President of Miyetti Allah Kauta Hore, Bello Bodejo, before the Federal High Court in Abuja on a 12-count charge bordering on alleged money...

Nigeria Makes S&P Dow Jones’ 2027 Frontier Market Watchlist Amid Capital Market Reforms

July 9 (THEWILL) — Nigeria’s capital market has received a fresh vote of confidence after S&P Dow Jones Indices (S&P DJI) placed the country on its 2027 Country Classification Watchlist for a possible reclassification from a Standalone Market to...

FG Warns Nigeria’s Gas Demand Expected to Exceed Supply by 2030, Calls for Urgent Investments

July 9 (THEWILL) — The Federal Government has projected that Nigeria's gas demand will surpass supply by 2030. It warned that the country could face a daily supply deficit of approximately 3 billion cubic feet (bcf) unless investments in gas...

Senate Unveils Tough Anti-Counterfeit Drugs Bill, Supports 15-Year Jail, Asset Forfeiture for Offenders

July 9 (THEWILL) — On Wednesday, the Nigerian Senate intensified its efforts to combat the country’s expanding counterfeit drugs market by passing a bill for a second reading that proposes stringent penalties for offenders. This includes a potential 15-year...

ExxonMobil Commits $1bn to Nigeria’s Offshore Oil Project, Targets 40,000 bpd Output Boost

July 9 (THEWILL) — ExxonMobil and its partners have committed $1 billion to the Usan Infill Project in Nigeria's offshore oil sector, with the investment expected to increase the country's crude oil production by about 40,000 barrels per day. The...

NNPC to End Crude-Backed Loans for Port Harcourt, Warri Refineries

July 9 (THEWILL) — The Nigerian National Petroleum Company Limited (NNPC Ltd.) says it is ending the practice of financing the Port Harcourt and Warri refineries with crude-backed loans, as it shifts to a commercial funding model aimed at...

Fitch Warns Climate Risks Could Weaken Nigerian Banks’ Asset Quality

July 9 (THEWILL) — Climate-related risks could increasingly weigh on the financial health of Nigerian banks over the coming decades, with rising exposure to vulnerable sectors likely to weaken credit quality and increase loan losses, according to Fitch Ratings. In...