News

We’re Not Selling Refinery Equipment, Components – NNPC Cautions Public Against Fraudsters

April 24, (THEWILL) — The Nigerian National Petroleum Company (NNPC) Limited, has dismissed reports alleging that it is selling refinery equipment, components, or scrap materials, warning members of the public to beware of fraudsters exploiting such claims. In a...

CBN Increases ATM Card Issuance Fee To ₦1,500

April 24, (THEWILL) — The Central Bank of Nigeria, CBN, has increased the fee for issuance and replacement of Automated Terminal Machine (ATM) debit/credit cards to ₦1,500 from ₦1,000, reflecting a 50 percent increase. Additionally, the apex bank also scrapped...

Court Bars Police, FRSC From Imposing Insurance Fines Without Court Order

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April 24, (THEWILL) — The Federal High Court in Abuja has restrained the Nigeria Police Force and the Federal Road Safety Corps (FRSC) from imposing fines on motorists over third-party motor vehicle insurance without a valid court order. The ruling,...

Court Awards N1bn Damages To Yahaya Bello In Defamation Suit Against Senator Natasha

April 24, (THEWILL) — A High Court in Lokoja, Kogi State, has awarded N1 billion in damages to former governor Yahaya Bello in a defamation suit against Senator Natasha Akpoti-Uduaghan, while also issuing a perpetual injunction restraining further publication...

Middle East Conflict Could Weigh On Africa’s Credit Ratings – S&P

April 24, (THEWILL) — S&P Global has warned that the ongoing Middle East conflict could heighten risks for African economies, particularly if the crisis persists, with potential implications for sovereign credit ratings across the continent. In its latest assessment, the...

Alleged Coup Plot: Court-Martial Proceedings Commence For Military Officers

April 24, (THEWILL) — The Nigerian military, on Friday, inaugurated a General Court-Martial to try officers accused of involvement in an alleged coup plot to overthrow President Bola Tinubu. The proceedings, which commenced at the Guards Brigade Scorpion Mess...

Tinubu Approves 30% Debt Relief For Airlines

April 24, (THEWILL) — President Bola Tinubu has approved a 30 percent reduction in debts owed by domestic airlines to federal aviation agencies, offering critical financial relief to operators grappling with surging operational costs, particularly the sharp rise in...

Conoil, Nimex Face Off In Court Over Disputed $8.49m Judgement Debt

April 24, (THEWILL) — Conoil Plc and Nimex Petrochemicals Ltd. are locked in a legal battle at the Federal High Court, Abuja, over a disputed $8.49 million judgement debt in ongoing garnishee proceedings. Nimex initiated the suit, joining five commercial...

Memoir Launch Rekindles Debate Over Collapse Of Nigeria’s Textile Industry

April 24, (THEWILL) — A former Minister of Environment, Lawrencia Mallam, has decried the collapse of Nigeria’s once-thriving textile industry, describing it as a “national shame” that has worsened unemployment and insecurity. She spoke in Lagos at the launch of...

Ebonyi ADC Suspends Factional Chairman, To Face 7-Man Disciplinary Committee

April 24, (THEWILL) — The Ward Executive Committee of Obiozara in Ohaozara Local Government Area of the Ebonyi State chapter of the African Democratic Congress (ADC) has suspended Mr Silas Onu for three months, over alleged anti-party activities, gross...