News

Abbey Mortgage Eyes ₦164.5bn Capital Raise To Drive Expansion, Restructuring

May 11, (THEWILL) — Abbey Mortgage Bank Plc is seeking shareholders’ approval to raise ₦164.5 billion through a combination of equity and debt issuances as part of plans to strengthen its capital base, expand operations, and support long-term growth. The...

₦31.07bn Fraud: Court Revokes Ex-Power Minister Saleh Mamman’s Bail, Orders Arrest

May 11, (THEWILL) — Justice Maryann Anineh of the Federal Capital Territory High Court, Maitama, Abuja, on Monday, revoked the bail earlier granted to former Minister of Power, Saleh Mamman, and issued a bench warrant for his arrest following...

CBN, FRACE Deepen Governance Framework For Non-Interest Financial Institutions

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May 11, (THEWILL) — The Central Bank of Nigeria (CBN) has reaffirmed its commitment to strengthening Shariah governance, regulatory clarity, and risk management in the non-interest financial services industry as part of efforts to sustain public confidence, financial stability,...

CBN Reshuffles DG’s Portfolios: Yuguda Heads Financial Stability As Usoro Returns To Operations

May 11, (THEWILL) — The Central Bank of Nigeria (CBN) has carried out a major reshuffle of its deputy governors’ portfolios as the apex bank intensifies efforts to strengthen monetary policy coordination, banking sector oversight and institutional governance. The reshuffle...

FCMB Asset Management Rebrands Four Mutual Funds, Lowers Investment Thresholds

May 11, (THEWILL) — FCMB Asset Management Limited (FCMBAM), the asset management subsidiary of FCMB Group Plc, has secured approval from the Securities and Exchange Commission (SEC) to rebrand four of its mutual funds and revise minimum subscription...

JAMB Sets 150 Benchmark for 2026 Admissions Into Nigerian Universities

May 11, (THEWILL) — The Joint Admissions and Matriculation Board (JAMB) has fixed 150 as the minimum cut-off mark for admission into Nigerian universities for the 2026 academic session. THEWILL reports that the decision was reached on Monday during...

Tinubu Names Fadewa as Nigeria’s First Adviser on Homeland Security

May 11, (THEWILL) — President Bola Tinubu has taken a landmark step in Nigeria’s evolving national security architecture with the appointment of retired Major General Adeyinka Fadewa as Special Adviser on Homeland Security The appointment, announced Monday in...

Senate Confirms Yuguda as CBN Deputy Governor

May 11, (THEWILL) — The Senate has confirmed Lamido Yuguda as a Deputy Governor of the Central Bank of Nigeria (CBN), following his nomination by President Bola Ahmed Tinubu in March 2026. Yuguda’s confirmation, concluded in April 2026, forms...

FG Scraps UTME for Education, Agric-Related Programmes

May 11, (THEWILL) — The Federal Government has announced that candidates seeking admission into Federal Colleges of Education and selected agriculture-related programmes will no longer be required to sit for the Unified Tertiary Matriculation Examination (UTME). THEWILL reports that...

Court Dismisses Suit Against APC Congress

May 11, (THEWILL) — The Federal High Court in Abuja on Monday slammed a combined N20 million fine on APC chieftain, Mr. Fubara Dagogo, and his lawyer, Ogochukwu Onyema, after dismissing a suit challenging the All Progressives Congress...