News

Neimeth Shareholders Approve Additional N30bn Capital Raise, Expand Fundraising Mandate to N50bn

June 26 (THEWILL) — Shareholders of Neimeth International Pharmaceuticals Plc have approved an additional N30 billion capital raise, increasing the company's total fundraising mandate to N50 billion to support its expansion plans and strengthen its financial position. The approval was...

Jaiz Bank Shareholders Approve N150bn Capital Raise to Fuel Expansion, Strengthen Capital Base

June 26 (THEWILL) — Shareholders of Jaiz Bank Plc have approved plans to raise N150 billion in fresh capital to strengthen the bank’s capital base, support business expansion, and position it for future growth. The approval was granted during the...

One More Body Recovered in Lagos Building Collapse as Death Toll Rises to Nine

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June 26 (THEWILL) — The death toll from Thursday's collapse of a shopping complex at Alakija Bus Stop in the Satellite Town area of Lagos has risen to nine after emergency responders recovered one more body from the rubble,...

Presidency Directs NEMA, AATF To Activate Early Flood Response Platform, Warns Against Delay

June 26 (THEWILL) — The Presidency has ordered the immediate activation of a national early flood response platform, directing the National Emergency Management Agency (NEMA), the Anticipatory Action Task Force (AATF), and other relevant agencies to fast-track preparedness measures...

Troops Dismantle ISWAP Roadblock, Rescue 53 Hostages in Borno

June 26 (THEWILL) — Troops of Operation HADIN KAI have dismantled a roadblock mounted by suspected Islamic State West Africa Province (ISWAP) terrorists along the Buratai–Kamuya road in Biu Local Government Area of Borno State, rescuing 53 civilians and...

Kano Chamber of Commerce Exits NACCIMA, Cites Governance Concerns

June 26, (THEWILL) — The Kano Chamber of Commerce, Industry, Mines and Agriculture (KACCIMA) has withdrawn its membership from the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), citing unresolved concerns over constitutional compliance. In a...

Grid Instability Triggers Lagos Blackout As TCN Moves To Restore Full Electricity Supply

June 25 (THEWILL) — The Transmission Company of Nigeria (TCN) has commenced emergency restoration efforts following a voltage instability on the national grid that disrupted electricity supply across Lagos and its environs on Thursday, resulting in the outage of...

FG To Revisit Minimum Wage As Economic Pressures Mount

June 25 (THEWILL) — The Federal Government has signalled plans to review Nigeria’s ₦70,000 national minimum wage, acknowledging that the current benchmark may no longer adequately reflect prevailing economic realities amid rising inflation and mounting cost-of-living pressures. The indication was...

FG Flags Governance Breach At FUTO, Orders Reversal Of 24 Appointments

June 25 (THEWILL) — The Federal Government has flagged what it described as a governance breach at the Federal University of Technology, Owerri (FUTO), ordering the immediate reversal of the appointment of 24 aides by the Vice-Chancellor, Prof. Ikechukwu...

Baby Among Dead As Death Toll In Collapsed Lagos Shopping Complex Rises To Eight, 26 Rescued

June 25 (THEWILL) — The death toll from Thursday’s collapse of a three-storey shopping complex in the Alakija area of Lagos State has risen to eight, with a baby girl among the victims, while emergency responders have rescued 26...