News

NGX Opens Post-Eid Trading On Mixed Note As Gains Offset Weak Breadth

May 29 (THEWILL) — The Nigerian Exchange resumed trading after the Eid holiday on a mildly positive note, as modest buying interest in select counters lifted market indices despite a negative breadth dominated by more decliners than gainers. Market capitalisation...

UPDATED!!! Dark Secrets Of Abanyama Forest: 30 Murders, Eight Shallow Graves Discovered As Suspect Confesses To Mass Killings In Cross River

May 29 (THEWILL) — A suspected serial killer identified as Akaninyene, said to be an indigene of Obot Akara, has been arrested in Creektown, Odukpani Local Government Area of Cross River State, after allegedly confessing to the killing of...

Trump Tightens Pressure On Tehran, Demands Permanent End To Nuclear Programme

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May 29 (THEWILL) — United States President, Donald Trump, has intensified pressure on Iran, insisting that Tehran must permanently abandon any ambition to acquire nuclear weapons as Washington moves closer to a decisive agreement to ease tensions in the...

Petrol Price Surges 19 percent To ₦1,533/Litre As Energy Costs Intensify Nationwide – NBS

May 29 (THEWILL) — Nigeria’s transport fuel costs rose sharply in April 2026 as the average retail price of Premium Motor Spirit (petrol) climbed to ₦1,532.93 per litre nationwide, reflecting sustained inflationary pressures in the downstream petroleum sector. This is...

Nigeria Hails Ethiopia on National Day, Reaffirms Strong Bilateral Partnership

May 29 (THEWILL) — The Federal Government of Nigeria has extended warm congratulations to the Government and people of the Federal Democratic Republic of Ethiopia on the occasion of its National Day, celebrated annually on May 28, while reaffirming...

Court Sentences Austrian Man to 15 Years Jailterm Over Foiled Plot on Taylor Swift

May 29 (THEWILL) — A 21-year-old Austrian man has been sentenced to 15 years in prison for planning a jihadist attack targeting Taylor Swift’s “Eras Tour” concerts in Vienna in August 2024. The man, identified only as Beran A under...

FG Spends 67% of Revenue on Debt Servicing as Fiscal Pressure Deepens in 2025

May 29 (THEWILL) — Nigeria’s fiscal strain intensified in 2025 as the Federal Government spent more than two-thirds of its earnings on debt servicing, underscoring the widening gap between revenue generation and expenditure obligations. According to the 2025 Third Quarter...

First HoldCo Secures Shareholders’ Nod for N253bn Capital Raise to Hit N1trn Capital Base

May 29 (THEWILL) — Shareholders of First HoldCo Plc, the parent company of FirstBank of Nigeria, have approved a capital raise of up to N253.099 billion as the group advances plans to build a N1 trillion paid-up capital base. The...

NDC Rejects Endorsement Lists, Insists on Fair Primaries

May 29 (THEWILL) — The Nigeria Democratic Congress (NDC) has rejected alleged endorsement lists circulating in some states, declaring that no such lists were approved by its national leadership and insisting that all qualified aspirants would be allowed to...

Stanbic IBTC Approves N804.5m Directors’ Pay as Profit Hits N551.7bn, Shares Rally Above 74 Percent

May 29 (THEWILL) — Stanbic IBTC Holdings Plc has approved N804.5 million as directors’ remuneration for the financial year ending December 31, 2026, following resolutions passed at its 14th Annual General Meeting (AGM). The approval comes amid a strong earnings...