News

REA Partners Lotus Bank On ₦100bn Facility To Expand Clean Energy Nationwide

February 25, (THEWILL) — The Rural Electrification Agency (REA) has entered into a landmark ₦100 billion financing agreement with Lotus Bank to accelerate renewable energy deployment across Nigeria. The facility, aims to expand access to clean and reliable electricity,...

NAICOM Approves Shobo’s Appointment As Lasaco Assurance MD/CEO

February 25, (THEWILL) — The National Insurance Commission (NAICOM) has approved the appointment of Ademoye Shobo as the new Managing Director/Chief Executive Officer of Lasaco Assurance Plc, with his tenure taking effect from February 6, 2026. The regulatory clearance...

Lagos Airport Fire: FG Reroutes Airlines, Deploys Temporary Tower for ATCs

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February 24, (THEWILL) — The Federal Government rerouted several airlines yesterday following the inferno that damaged a significant portion of the Murtala Muhammed International Airport (MMIA) in Lagos on Monday. In addition to the rerouting, the government has established...

Three Suspects Arrested as Police Intensify War on Economic Sabotage in Akwa Ibom

February 24, (THEWILL) — The Akwa Ibom State Police Command has dismantled what is being described as a coordinated cable vandalism syndicate in Eket, following a pre-dawn, intelligence-led operation that resulted in the arrest of three suspects. This breakthrough,...

Nigeria To Begin Exporting New Crude Grade In March, Boosting output

February 24, (THEWILL) — Nigeria’s state-owned oil company, the Nigerian National Petroleum Company (NNPC), is preparing to export a newly developed crude oil grade called Cawthorne starting in March 2026, in a move expected to further lift the country’s...

Banking Sector Recapitalisation on Track Ahead of March Deadline — Cardoso

February 24, (THEWILL) — The Governor of the Central Bank of Nigeria, Olayemi Cardoso, says the banking sector recapitalisation programme remains on schedule, with momentum increasing as the March 31, 2026 compliance deadline approaches. Speaking at the close of the...

Gunmen Attack Peter Obi, ADC Leaders in Benin, Escape Unharmed Amid Rising Political Tension

February 24, (THEWILL) — Former presidential candidate Peter Obi escaped a suspected assassination attempt on Tuesday after gunmen opened fire during a political gathering involving leaders of the African Democratic Congress (ADC) in Benin City, Edo State. The incident...

Presidency Confirms Egbetokun’s Resignation, Appointment of Tunji Disu as Acting IGP

February 24, (THEWILL) — The Presidency has confirmed the resignation of the Inspector-General of Police, Kayode Egbetokun, and announced the immediate appointment of Assistant Inspector-General of Police Tunji Disu as the new Acting IGP. Reports indicate that Egbetokun stepped...

Equities Market Declines as Selling Pressure Weighs on Key Counters

February 24, (THEWILL) — The Nigerian equities market closed Tuesday’s session on a bearish note, reversing some of the gains recorded earlier in the week as increased selling pressure dragged key indicators lower. Profit-taking activities across major stocks, particularly in...

No Ransom Paid for Abducted Niger Pupils, FG Insists, Rejects Claims of Secret Deal With Militants

February 24, (THEWILL) — The Federal Government has firmly rejected claims that it paid a ransom or released militant commanders to secure the release of schoolchildren abducted from St. Mary’s Boarding School in Papiri, Niger State, insisting that the...