News

FX Reversal, Rising Impairments Drag Tier-1 Banks’ Profit By 18 Percent

May 05, (THEWILL) — Nigeria’s five largest lenders recorded strong operating growth in 2025, but a sharp reversal in foreign-exchange windfalls, rising credit impairments and higher operating costs dragged overall profitability lower. A review of the 2025 financial statements of...

Nigeria’s Telcos Shift From Subscriber Race To Data Supremacy As Market Nears Saturation

May 05, (THEWILL) — Nigeria’s telecommunications industry is entering a new phase of competition as the race for new subscribers gradually gives way to a deeper battle for data dominance, network capacity and service quality. With active subscriptions reaching 185.5...

Kano Central: Concerned Citizens’ Coalition Backs AA Zaura, Asks Shekarau To Drop Bid

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May 05, (THEWILL) — In a strategic move ahead of the 2027 general elections, a broad coalition of Kano State stakeholders has officially endorsed the candidacy of Alhaji Abdussalam Abdulkarim (AA Zaura) for the Kano Central Senatorial District. The...

Again, NNPC Moves To Revive Warri, Port Harcourt Refineries, Seals Deal With Chinese Firms

May 05, (THEWILL) — Nigeria’s renewed push to restore its domestic refining capacity has once again, gained momentum, as NNPC Limited signed a fresh Memorandum of Understanding (MoU) with two Chinese firms to finally revive and expand the country’s...

NGX Begins Week on Positive Note as FTNCOCOA, CAP Drive Market Higher

May 04, (THEWILL) — Trading on the Nigerian Exchange (NGX) commenced the week on a modestly positive note as bargain hunting in select equities lifted the market benchmark. At the start of the trading session on Monday, the market capitalisation...

Iran Fires on Korean-Linked Vessel as U.S. Launches ‘Project Freedom’ to Safeguard Global Shipping

May 04, (THEWILL) — May 04, (THEWILL) — Rising tensions in the Strait of Hormuz escalated on Monday after Iran reportedly fired on multiple vessels, including a Korean-linked cargo ship, as the United States launched a major maritime security...

Turaki-Led PDP Unveils 2027 Election Timetable, Fixes ₦100m for Presidential Nomination Fee

May 04, (THEWILL) — The Peoples Democratic Party (PDP), under the leadership of its caretaker chairman, Kabiru Tanimu Turaki (SAN), has fixed ₦100 million as the total cost for presidential nomination forms while unveiling a comprehensive timetable for its...

‘NDC Not New, Registration Dates Back to 2017’ — Dickson Urges Nigerians to Ignore Propaganda

May 04, (THEWILL) — The National Democratic Congress (NDC) has reaffirmed its longstanding roots and growing national appeal, with its leading figure, Seriake Dickson, urging Nigerians to disregard misinformation and rally behind the party’s vision to rebuild the country. Dickson...

FG Seeks Greater Protection for Nigerians in South Africa

May 04, (THEWILL) — The Federal Government has called for greater protection for Nigerians living in South Africa, urging authorities to strengthen security measures and ensure the safety of foreign nationals amid rising concerns over recent incidents. This move comes...

Nigeria’s Oil Wealth Masks Output Gaps, Latest OPEC Data Show

May 04, (THEWILL) — Despite holding one of Africa’s largest crude oil reserves, Nigeria continues to underperform its production potential, highlighting deep structural weaknesses in the sector, according to recent data from the Organisation of the Petroleum Exporting Countries...