News

FG Borrows N11.9tn but Spends Only N3.1tn on Capital Projects in 9M 2025

May 29 (THEWILL) — The Federal Government recorded fresh borrowings of N11.89 trillion in the first nine months of 2025 but spent only N3.10 trillion on capital projects within the same period, highlighting a widening gap between debt accumulation...

Nigeria’s Fiscal Deficit Crashes to N330bn as Revenue Surge Strengthens Economy

May 29 (THEWILL) — Nigeria recorded a sharp decline in its fiscal deficit in the third quarter of 2025, signaling improving public finance management and stronger government revenue performance amid ongoing economic reforms. According to the latest fiscal performance report...

Middle East Crisis Propels Dangote Refinery to Global Jet Fuel Export Crown

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May 29 (THEWILL) — Nigeria’s Dangote Refinery has emerged as the world’s largest exporter of jet fuel in April, marking a major milestone for Africa’s biggest refinery amid disruptions in global energy trade triggered by tensions in the Middle...

No Expulsion Order Issued — Cambodia Denies Viral Claim Targeting African Nationals

May 29 (THEWILL) — The Government of Cambodia has firmly dismissed widespread reports alleging that African nationals were ordered to leave the country by May 31, 2026, insisting that no such immigration directive exists and describing the circulating notice...

No Modern Economy Can Grow in Darkness — Tinubu Promises Industrial Revival in 3rd Anniversary Speech

May 29 (THEWILL) — President Bola Tinubu on Friday declared that “no modern economy can grow in darkness,” as he pledged a renewed drive to stabilise Nigeria’s electricity supply and accelerate industrial revival through deepening power sector reforms, expanded...

Nigeria’s Rosaline Ogunro Inaugurated as Mayor of Islington, UK

May 29 (THEWILL) — Rosaline Ogunro has been inaugurated as Mayor of the London Borough of Islington for the 2026/27 civic year, completing the statutory mayor-making process at the borough’s Annual Council meeting and marking a historic rise from...

FULL TEXT: STATEMENT BY PRESIDENT BOLA AHMED TINUBU (GCFR) ON THE THIRD ANNIVERSARY OF HIS ADMINISTRATION, MAY 29, 2026.

May 29 (THEWILL) — My fellow compatriots, Three years ago, you entrusted me with the sacred responsibility of leading our beloved nation at a defining moment in our history. I accepted that responsibility, fully aware of the magnitude of the...

Third Anniversary: “We’ll Not Relent Until Every Nigerian Can Live, In Safety” — Tinubu Assures Nigerians

May 29 (THEWILL) — President Bola Tinubu on Friday declared that his administration would not relent until every Nigerian can “live, work, travel, and dream in safety” He also presented a comprehensive scorecard marking the third anniversary of his government,...

No Suspension of Student Loan, Upkeep Payments — Nelfund Dismisses Viral Fake Reports

May 29 (THEWILL) — The Nigerian Education Loan Fund (NELFUND)) has debunked viral reports circulating across social media platforms alleging that the Federal Government has suspended the payment of student loans and upkeep allowances under the national student loan...

Cambodia Orders All Africans to Exit By May 31, Threatens 2-year Jail, $8,000 Fine

May 29 (THEWILL) — The General Department of Immigration under the Cambodian Ministry of Interior has issued a sweeping directive ordering all African nationals, including citizens of Nigeria, Ghana, Kenya, Cameroon, Uganda and other countries, to leave the country...