News

Citi’s $60 Oil Forecast Raises Fresh Concerns Over Nigeria’s 2026 Budget

July 3 (THEWILL) — A forecast by Citigroup that Brent crude could fall to $60 per barrel by the end of 2026 has heightened concerns over Nigeria's fiscal outlook and the sustainability of its budget assumptions. The projection comes as...

Bandits Kill Former Benue SSG David Salifu

July 3 (THEWILL) — Former Secretary to the Benue State Government (SSG), Prof. David Salifu, has died after sustaining multiple gunshot wounds by suspected bandits during an attack along the Wukari–Makurdi road. Prof. Salifu served as Secretary to the Benue...

Shell, Nine Banks Unveil $3bn Financing Scheme For Indigenous Oil Contractors

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July 3 (THEWILL) — Shell Nigeria Exploration and Production Company Limited (SNEPCo) has partnered with nine Nigerian banks to launch a $3 billion contract finance facility for indigenous oil and gas contractors. The financing scheme, unveiled in Lagos on Thursday,...

Police Smash Armed Cocoa Theft Syndicate In Ondo, Recover Weapons

July 3 (THEWILL) — The Ondo State Police Command has arrested four suspected members of an armed cocoa theft syndicate operating in Idanre, recovering two illegal firearms during the operation. The suspects were arrested following an intelligence-led investigation into the...

FG Unveils Power Force, Targets 5,000 Youths for Smart Meter Deployment

July 3 (THEWILL) — The Federal Government has unveiled Power Force, a new national initiative aimed at training 5,000 young Nigerians to support the accelerated deployment of smart electricity meters across the country. Launched by President Ahmed Tinubu on Thursday,...

Press Freedom Must Be Matched With Responsibility, Tinubu Tells Media

July 3 (THEWILL) — President Bola Tinubu has urged Nigerian journalists to match press freedom with professionalism, accuracy, and ethical responsibility, warning that misinformation, fake news, and emerging technologies such as deepfakes pose serious threats to democracy and national...

Dangote Refinery Cuts Petrol Price Again, Signals Further Price Moderation

July 2 (THEWILL) — Dangote Petroleum Refinery & Petrochemicals has announced another reduction in the ex-depot price of Premium Motor Spirit (PMS), marking its fourth price cut within one month, as the company signalled that Nigerians could expect further...

FG Yet to Approve Adire as NYSC Uniform, Minister Clarifies

July 2 (THEWILL) — The Minister of Youth Development, Ayodele Olawande, has clarified that the Federal Government has not approved Adire as the new uniform for members of the National Youth Service Corps (NYSC), saying his earlier remarks on...

NGX Extends Losing Streak as Investors Lose ₦878bn Amid Broad Selloff

July 2 (THEWILL) — The Nigerian Exchange (NGX) extended its bearish run on Thursday as sustained profit-taking and weak investor sentiment dragged key market indicators lower, wiping ₦878 billion off investors’ wealth. Market capitalisation declined by 0.61 percent to ₦143.946...

Two Soldiers, CJTF Member Killed as Troops Repel ISWAP Attack on Borno Military Base

July 2 (THEWILL) — Two soldiers and a member of the Civilian Joint Task Force (CJTF) were killed in action after troops of the Joint Task Force (North East), Operation HADIN KAI, repelled a coordinated night attack by suspected...