News

First Bank Director Buys N177.9m First HoldCo Shares Amid Strong Market Rally

May 12, (THEWILL) — First HoldCo Plc has disclosed that Anil Dua, a non-executive director on the board of First Bank of Nigeria, acquired shares in the financial services group valued at N177.9 million, amid renewed investor interest in...

Senate Tightens Swearing-In Rules, Introduces 14-Day Deadline For Senators-Elect To Take Oath

May 12, (THEWILL) — The Senate has amended its Standing Orders to impose a strict 14-legislative-day deadline for senators-elect to take their oath of office after inauguration, warning that failure to comply could lead to the declaration of their...

Boko Haram, ISWAP Driving ISIS Expansion Across Africa – U.S

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May 12, (THEWILL) —The United States has raised fresh concerns over the growing activities of extremist groups across Africa, warning that Boko Haram and the Islamic State West Africa Province (ISWAP) remain major drivers of the expansion of the...

First HoldCo Seeks Shareholders’ Approval for N253bn Capital Raise at 14th AGM

May 12, (THEWILL) — First HoldCo Plc, the parent company of First Bank of Nigeria, will seek shareholders’ approval to raise N253.1 billion in fresh capital at its 14th Annual General Meeting scheduled for May 29, 2026, as the...

P&ID Scandal: Court Convicts Fugitive Briton James Nolan, Firm For Money Laundering, Forgery

May 12, (THEWILL) — The Federal High Court in Abuja has convicted in absentia a British national, James Nolan, a director in the controversial Process and Industrial Development (P&ID) Ltd, over multiple counts bordering on money laundering, forgery and...

UK Communities Minister Quits, Tells Starmer to Prepare Exit Timeline

May 12, (THEWILL) — Miatta Fahnbulleh resigned from the British government on Tuesday and told Prime Minister Keir Starmer to prepare an exit timeline after declaring that he had lost the trust and confidence of the British public....

Unilever Nigeria Approves N18.67bn Dividend as Profit More Than Doubles in 2025

May 12, (THEWILL) — Unilever Nigeria Plc has approved the payment of N18.67 billion as dividend to shareholders for the 2025 financial year following resolutions passed at its Annual General Meeting (AGM) held on May 8, 2026, in...

ASUU Warns of Fresh Strike Over Delayed Implementation of 2025 Agreement

May 12, (THEWILL) — The Academic Staff Union of Universities (ASUU) has raised concerns over what it described as the slow and distorted implementation of the 2025 agreement reached with the Federal Government, warning that Nigeria’s public university system...

FG Seeks Fresh $1.25bn World Bank Loan to Drive Growth, Jobs

May 12, (THEWILL) — The Federal Government is in talks with the World Bank over a fresh $1.25 billion loan facility aimed at boosting access to finance, digital services, electricity, and supporting reforms in tax administration, trade, and...

Adeleke Deposes Ipetumodu King After Conviction In US Fraud Case

May 11, (THEWILL) — Governor Ademola Adeleke of Osun State has deposed the Apetumodu of Ipetumodu, Oba Joseph Oloyede, following his conviction and imprisonment for fraud in the United States. The decision was announced on Monday in a statement issued...