News

Private Sector Credit Falls By Over ₦14trn Despite CBN Rate Cut

May 26 (THEWILL) — Nigeria’s private sector credit declined sharply by more than ₦14 trillion within two months, highlighting growing weaknesses in lending to productive sectors of the economy despite the Central Bank of Nigeria’s earlier monetary policy easing. Latest...

Trade Sector Contributes 17.89 Percent To Nigeria’s GDP In Q1 2026 — NBS

May 26 (THEWILL) — Nigeria’s trade sector accounted for 17.89 percent of the country’s Gross Domestic Product (GDP) in the first quarter of 2026, reinforcing its position as one of the largest drivers of economic activity despite persistent macroeconomic...

DSS Seeks Death Penalty For Defendants As Court Reserves Judgement In Owo Church Attack Trial

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May 26 (THEWILL) — A Federal High Court sitting in Abuja, on Tuesday, reserved judgement in the terrorism trial of five men accused of involvement in the June 5, 2022 attack on St. Francis Catholic Church, which claimed the...

Dark Tunnel is Over, Tinubu Assures Nigerians in Sallah Message

May 26 (THEWILL) — President Bola Tinubu has assured Nigerians that the reforms introduced by his administration will continue to yield improved security, economic stability, and greater prosperity across the country. In his 2026 Eid-el-Kabir message released on Tuesday...

Manufacturing Rebounds as Sector’s GDP Contribution Rises to 9.57% in Q1 2026

May 26 (THEWILL) — Nigeria’s manufacturing sector staged a strong rebound in the first quarter of 2026, with its contribution to real Gross Domestic Product (GDP) rising sharply to 9.57 percent, signalling renewed industrial momentum after a weak...

Air Peace Expands Fleet With Boeing 737-800 Acquisition

May 26 (THEWILL) — Nigeria’s leading carrier, Air Peace, has expanded its growing fleet with the acquisition of another Boeing 737-800 Next Generation aircraft, as the airline intensifies efforts to meet rising passenger traffic across domestic and regional...

Court Throws Out Suit Seeking to Bar Jonathan From 2027 Race, Fines Lawyer N21m

May 26 (THEWILL) — A Federal High Court in Abuja on Tuesday dismissed a suit seeking to stop former President Goodluck Jonathan from contesting the 2027 presidential election, describing the action as an abuse of court process. Justice Peter...

INEC Appeals Court Judgment Nullifying 2027 Election Guidelines, Seeks Stay of Execution

May 26 (THEWILL) — The Independent National Electoral Commission (INEC) has approached the Abuja Division of the Court of Appeal to challenge the recent judgment of the Federal High Court which nullified aspects of its guidelines and timetable for...

Abacha’s Son Loses Kano PDP Governorship Ticket

May 26 (THEWILL) — Muhammad Sani Abacha, the eldest son of Nigeria's late Head of State, Sani Abacha, has lost the ticket for the PDP governorship in Kano State for the 2027 general elections. Abacha was defeated by Muhammad Bello...

Dangote Refinery Emerges Nigeria’s Shield Against Middle East Oil Shocks — S&P

May 26 (THEWILL) — The Dangote Petroleum Refinery has emerged as a strategic lifeline for Nigeria’s economy, with S&P Global Ratings describing the facility as a critical buffer against growing supply disruptions and geopolitical tensions in the Middle East. In...