News

NGX Rebounds as Airtel Africa Leads Midweek Rally

May 06, (THEWILL) — The Nigerian equities market closed on a positive note on Wednesday as bargain hunting across select large and mid-cap stocks lifted the benchmark indices. Market capitalisation increased from ₦155.152 trillion to ₦155.780 trillion, representing a gain...

Gunmen Attack Plateau Mass Funeral, Kill Mourners

May 06, (THEWILL) — Panic and grief deepened in Plateau State on Wednesday after gunmen launched a deadly assault on mourners in Ndang village, Fan District of Barkin Ladi Local Government Area, attacking residents who had gathered to bury...

Akpabio Flags Pathetic Plight of Diplomats as Salaries Delay Hits Families Abroad

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May 06, (THEWILL) — Senate President Godswill Akpabio, on Wednesday raised serious concerns over the welfare of Nigerian diplomats serving overseas, revealing that delays in the payment of salaries and allowances have forced some of their children out of...

PMS Ex-Depot Price Unchanged – Dangote Refinery Refutes Price Hike

May 06, (THEWILL) — Dangote Refinery has refuted reports of an increase in the depot price of Premium Motor Spirit (PMS), stating that its ex-depot price remains unchanged. The clarification comes against the backdrop of earlier reports which indicated that...

BREAKING: CNN Founder Ted Turner Dies at 87

May 06, (THEWILL) — Legendary American media mogul who founded CNN and revolutionised global news broadcasting through the introduction of 24-hour cable television news, Ted Turner, has died at the age of 87. His death was announced on Wednesday, May...

EFCC Secures Interim Forfeiture of Nine Abuja Properties Linked to Timipre Sylva

May 06, (THEWILL) — The Federal High Court in Abuja has granted an interim forfeiture order on nine high-value properties allegedly linked to former Minister of State for Petroleum Resources, Timipre Sylva, following an application by the Economic and...

Nigeria Police Arrest, Repatriate Chinese Fraud Suspect In $245m Ponzi Scheme

May 06, (THEWILL) — The Nigeria Police Force, through the INTERPOL National Central Bureau (NCB), Abuja, has arrested and repatriated a Chinese fugitive, Xu Qing, to the People’s Republic of China over his alleged involvement in a large-scale Ponzi...

Senate Minority Whip Nwoye Quits ADC, Joins NDC

May 06, (THEWILL) — The Minority Whip of the Senate, Senator Tony Nwoye, has announced his resignation from the African Democratic Congress (ADC) and his defection to the Nigeria Democratic Congress (NDC). The development was made known during plenary on Wednesday,...

Akpabio Issues Stern Warning To Oshiomhole Amid Heated Senate Exchanges

May 06, (THEWILL) — Senate President Godswill Akpabio, on Wednesday, issued a stern warning to Senator Adams Oshiomhole, cautioning that continued disruptions of plenary proceedings could attract disciplinary action, including possible removal from the chamber. THEWILL reports that the warning...

FSDH Urges Deeper Long-Term Capital Flows To Sustain Nigeria’s Equities Rally

May 06, (THEWILL) — Financial services group FSDH Merchant Bank has called for stronger mobilisation of long-term capital to maintain momentum in Nigeria’s equities market, urging banks and other financial institutions to take a more proactive role. Speaking at the firm’s...