News

FX Turnover Climbs to $2.32bn as Demand for Naira Hedging Surges Amid Equities Selloff

June 22 (THEWILL) — Nigeria’s foreign exchange (FX) market recorded stronger activity in the week ended June 19, 2026, with total turnover across the FX Spot and Derivatives segments rising by 7.7 percent week-on-week to $2.323 billion, according to...

Security Operatives Foil Kidnap Attempts in Ondo, Neutralise Bandits

June 22 (THEWILL) — Security agencies recorded significant operational successes in Ondo and Kaduna states over the weekend, thwarting kidnapping attempts, rescuing victims, neutralising suspected bandits, recovering rustled livestock and restoring public order in troubled communities. In Ondo State, the...

BREAKING: UK Prime Minister Keir Starmer Resigns Amid Mounting Pressure

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June 22, (THEWILL) — British Prime Minister Keir Starmer on Monday announced his resignation as leader of the Labour Party and confirmed that he would step down as prime minister once a successor is elected, ending a turbulent premiership...

Manufacturers’ Tax Contributions Crash 68% as New Tax Regime, Cost Pressures Bite

June 22 (THEWILL) — Company Income Tax (CIT) payments from Nigeria’s manufacturing sector plunged by 68.25 percent year-on-year in the first quarter of 2026, underscoring the mounting pressures facing producers amid a new tax framework, weak consumer demand and...

PDP in Final Battle for Survival

June 22, (THEWILL) — On June 30, 2026, the word ‘faction’ will in all likelihood cease to be used in addressing either faction of the Peoples Democratic Party, PDP- led by the Minister of the Federal Capital Territory, FCT,...

Xenophobic Attacks: Nigeria Exploring Options alongside Diplomacy

June 22, (THEWILL) — There is an indication that the Federal Government of Nigeria might be compelled to explore other options if diplomatic engagements fail to address the ongoing xenophobic attacks against its citizens in South Africa as Minister...

Nembe E&P Presents Opportunities for Advancing Local Content

June 22, (THEWILL) — Nembe Exploration and Production Company Limited (Nembe E&P), the leading upstream subsidiary of the Aiteo Group, presents opportunities for significantly improving Nigeria’s local content drive. The firm’s growth strategy unveiled in July 2025, which aims...

Panic as Gunmen Invade Ogun Home, Kill Retired OGTV Broadcaster

June 21 (THEWILL) — Panic gripped residents of Agodo community along the Abeokuta–Siun–Sagamu Expressway on Sunday after unknown gunmen invaded the residence of a retired Ogun State Television (OGTV) broadcaster, Mrs Kitan Oyesiku, popularly known as “Aunty Kitan”, and...

Police Debunk Reports of Freedom of Oyo Kidnap Victims After Igboho’s Ultimatum

June 21 (THEWILL) — The Oyo State Police Command and the Oorelope Local Government, have dismissed reports that victims abducted by gunmen in Igbope community have been released, insisting that the hostages remain in captivity despite widespread claims...

APC’s Halilu Wins Nasarawa North Senatorial By-Election

June 21 (THEWILL) — The Independent National Electoral Commission (INEC) has declared Barrister Danladi Halilu Envulu-Anza of the All Progressives Congress (APC) as the winner of the Nasarawa North Senatorial District by-election. The Returning Officer for the election, Professor...