News

Why Investors Are Offloading Assets in Nigerian Capital Market – Expert

July 01 (THEWILL) — A capital market expert and investment analyst, David Adonri, has explained the significant downturn in the Nigerian Capital Market observed at the conclusion of the second quarter of 2026 - which witnessed substantial asset offloading,...

Flood: Lagos Cautions Against Dumping Refuse on Roads

July 01 (THEWILL) — The Lagos State Government has said flash flooding remains an inevitable reality due to the state's coastal geography and the growing impact of climate change, stressing that while floods cannot be completely prevented, their effects...

Spain Heatwave Claims Over 1000 Lives as June Becomes Second Hottest on Record

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July 01 (THEWILL) — Spain has recorded 1,029 excess deaths linked to extreme heat during June, official data released on Wednesday showed, after a five-day heatwave pushed temperatures above 40 degrees Celsius and made the month the country's second...

Your Votes Protected, Technology Has Ended Ballot Box Snatching, INEC Assures Nigerians

July 01 (THEWILL) — The Independent National Electoral Commission (INEC) has assured Nigerians that their votes will be protected in the 2027 general elections, declaring that advances in electoral technology have ended the era of ballot box snatching and...

Q2 Capital Migration: Liquidity Squeeze Behind NGX Pullback

July 1 (THEWILL) — Nigeria’s equities market entered the second quarter of 2026 on the back of one of its strongest rallies in nearly two decades. By May, the Nigerian Exchange (NGX) had pushed the benchmark All-Share Index (ASI)...

BREAKING: CBN Revokes Licences Of 46 Microfinance Banks Over Regulatory Breaches

July 01, (THEWILL) — The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 Microfinance Banks (MFBs) across the country, citing their failure to meet key regulatory requirements for continued operation. The apex bank announced that the...

Gov Eno Approves Weigh-In Allowance For Omitted State Journalists, Reaffirms Media Partnership

July 1 (THEWILL) — Akwa Ibom State Governor, Pastor Umo Eno, has approved the payment of weigh-in allowance to journalists in the state's employment who were previously excluded from the scheme, reaffirming his administration's commitment to the welfare of...

NGX Suffers Record ₦13.3trn Monthly Value Erosion As June Selloff Reverses Market Rally

July 1 (THEWILL) — Nigeria’s equities market recorded its steepest monthly value loss on record in June 2026, with investors losing ₦13.29 trillion as widespread profit-taking, dividend adjustments and portfolio rebalancing triggered a broad-based selloff across the Nigerian Exchange...

Diezani Seeks To Leverage UK Acquittal In Asset Recovery Suit As Court Adjourns Case To October

July 1 (THEWILL) — The Federal High Court in Abuja, on Wednesday, granted former Minister of Petroleum Resources, Diezani Alison-Madueke, leave to present fresh evidence of her recent acquittal by a United Kingdom court in her ongoing legal battle...

INEC Seeks Reprieve As Appeal Court Reserves Judgement On 2027 Election Timetable

July 1 (THEWILL) — The fate of the timetable for Nigeria's 2027 general elections now rests with the Court of Appeal after the Abuja Division of the appellate court, on Wednesday, reserved judgement in two appeals filed by the...