News

IMF Pushes Nigeria to Regulate Stablecoins as Crypto Adoption Accelerates

June 10 (THEWILL) — The International Monetary Fund (IMF) has urged Nigeria to bring stablecoins and other crypto-asset activities under formal regulatory oversight, warning that the rapid growth of digital assets could pose risks to financial stability if left...

Peter Obi Accuses Former Ally Okonkwo of Character Assassination, Seeks N5bn Damages

June 10 (THEWILL) — Presidential candidate of the Nigeria Democratic Congress (NDC) for the 2027 General Elections, Peter Obi, has accused his former ally and spokesperson, Kenneth Okonkwo, of character assassination, demanding N5 billion in damages and a public...

‘My Aide Not Linked to Abduction Syndicate’, Ex-Minister Adelabu Accuses Opponents of Dirty Politics

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June 10 (THEWILL) — Former Minister of Power, Bayo Adelabu has dismissed allegations linking his personal assistant, Ajiboye Sangogade, to the recent abduction of his younger sister and her twin sons, accusing political opponents of orchestrating a smear campaign...

Edo Orders Immediate Closure of Three Schools Over Security Threats

June 10 (THEWILL) — The Edo State Government has ordered the immediate closure of three public secondary schools in Akoko-Edo Local Government Area following intelligence reports indicating credible security threats to students, teachers, and surrounding communities. The affected schools are...

FG Unveils $1bn AfCFTA Fund to Boost Nigerian Exporters

June 10 (THEWILL) — The Federal Government has unveiled opportunities for Nigerian businesses to access a $1bn African Continental Free Trade Area (AfCFTA) Adjustment Fund Credit Facility, as part of efforts to strengthen exports, improve competitiveness and expand trade...

Gunmen Kill 12, Injure Nine in South African Settlement Night Attack

June 10 (THEWILL) — Twelve people were killed and at least nine others injured after a group of heavily gunmen launched a deadly nighttime rampage through the Jumpers Informal Settlement in Cleveland, east of Johannesburg, late Tuesday, triggering a...

IMF: Nigeria’s Foreign Debt to Rise to $72.6bn by 2027 Amid Election-Year Spending Pressures

June 10 (THEWILL) — Nigeria’s public external debt is projected to increase by $20.7bn to $72.6bn by 2027, according to the International Monetary Fund, raising concerns about the country’s debt sustainability despite recent macroeconomic reforms. The projection was contained in...

Improved FX Liquidity Keeps Naira Steady, Trades ₦1,360.55/$ in NFEM, Parallel Rate Hovers Below ₦1,400/$

June 10 (THEWILL) — Improved foreign exchange liquidity helped keep the naira largely stable against the United States dollar on Wednesday, with the local currency trading at ₦1,360.55/$ in the Nigerian Foreign Exchange Market (NFEM), while the parallel market...

FG Defends Tinubu Reforms Amid Hardship, Says Nigeria on Path to Recovery

June 10, (THEWILL) — The Federal Government has defended the economic and social reforms introduced by President Bola Ahmed Tinubu’s administration, insisting that Nigeria is on the path to recovery despite prevailing economic hardship and persistent security challenges...

U.S. Launches Retaliatory Strikes on Iran After Apache Helicopter Downing

June 10, (THEWILL) — The United States on Tuesday launched what it described as "self-defense" military strikes against Iran following the downing of a U.S. Army Apache attack helicopter near the strategic Strait of Hormuz, in a...