News

FG Targets ₦2.5trn Independent Revenue In 2026 To Strengthen Public Finances

July 1 (THEWILL) — The Federal Government has set a target of generating ₦2.5 trillion in independent revenue in 2026 as part of efforts to improve fiscal discipline, curb revenue leakages and strengthen non-oil revenue generation. The Acting Executive Chairman...

Lagos Flood: TCN Declares Force Majeure As Flooding Knocks Out Oworonshoki, Lekki Transmission Substations

July 1 (THEWILL) — The Transmission Company of Nigeria (TCN) has declared force majeure on the Oworonshoki 132/33kV and Lekki 330/132kV transmission substations following severe flooding caused by persistent rainfall in Lagos, warning that the development could disrupt electricity...

World Bank To End Lending To China By 2031 As Partnership Enters New Phase

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July 1 (THEWILL) — The World Bank will gradually phase out lending to China by 2031, marking a significant shift in its relationship with the world's second-largest economy as Beijing's economic development reduces its need for financial support. According to...

Gov Yusuf Identifies Unemployment, Insecurity, Poor Infrastructure As Major Challenges To Rural Development

July 1 (THEWILL) — Governor Abba Kabir Yusuf of Kano State has identified unemployment, insecurity, inadequate infrastructure, poor access to quality healthcare and education as major challenges to rural development in the state. Yusuf also listed climate-related challenges, inadequate water...

NTDA Backs Ekinrin-Adde Festival, Eyes National Tourism Calendar

July 1 (THEWILL) — The Nigerian Tourism Development Authority (NTDA) has reaffirmed its commitment to using community-driven tourism as a catalyst for economic diversification, pledging support for the promotion of the annual Omo Atata and Ekinrin-Adde Festival in Kogi...

Air Peace Completes Second South Africa Evacuation, Brings Home 271 Nigerians

June 30 (THEWILL) — Air Peace has completed its second humanitarian evacuation mission from South Africa, airlifting 271 stranded Nigerians back to Lagos as part of the Federal Government's emergency response to rising anti-immigrant tensions and fears of xenophobic...

NGX Rebounds as Airtel Africa, Consumer Stocks Lift Market Capitalisation by ₦653bn

June 30 (THEWILL) — The Nigerian Exchange (NGX) rebounded on Tuesday as renewed buying interest in blue-chip and consumer stocks lifted market capitalisation by ₦653 billion. Market capitalisation rose from ₦146.564 trillion at the opening of trading to ₦147.217 trillion...

FG Moves to Overhaul Education Structure, Scrap JSS, SSS System

June 30 (THEWILL) — The Federal Government has announced a major overhaul of Nigeria's education structure, moving to scrap the separation of Junior Secondary School (JSS) and Senior Secondary School (SSS), describing the policy as a failure that has...

African Airlines Buck Global Slowdown With 8.9% Surge in Passenger Demand

June 30 (THEWILL) — African airlines recorded an 8.9 percent year-on-year increase in international passenger demand in May 2026, outperforming most global regions despite a broader slowdown in global air travel triggered by the conflict in the Middle East. The...

Bayelsa to Arraign Prime Suspect in Justice Omukoro Kidnap

June 30 (THEWILL) — The Bayelsa State Government will on Wednesday arraign the alleged prime suspect in the June 2025 kidnapping of Bayelsa High Court Judge, Justice E.G. Omukoro, in what is expected to be the first major prosecution...