News

Slain Youth: Gov Diri Directs Police To Expedite Investigation, Prosecution

February 04, (THEWILL) — Governor of Bayelsa State, Senator Douye Diri, has called on the police to speed up the investigation into the recent death of a 24-year-old, Patrick Peresuodei. The late Peresuodei, an indigene of Amassoma community in Southern...

Gov Alia Won’t Shield Any Corrupt Govt Official From EFCC – Information Commissioner

February 04, (THEWILL) — Commissioner for Information and Orientation, Dr Peter Egbodo, has assented that Governor Hyacinth Alia’s administration won't shield any Public or Civil servant from Benue from scrutiny by anti-graft bodies. Fielding questions from members of the Correspondents...

T-Bills, OMO Maturities To Inject ₦8.61trn liquidity into financial Markets

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February 04, (THEWILL) — Nigeria’s financial markets are set to receive a major liquidity boost of ₦8.61 trillion as Treasury bills (T-bills) and Central Bank of Nigeria (CBN) Open Market Operation (OMO) instruments mature in the coming weeks. The maturities,...

After $18bn Rehab, NNPC Admits Nigeria’s Four Refineries Ran At Monumental Loss

February 04, (THEWILL) — The Nigerian National Petroleum Company (NNPC) Limited has admitted that Nigeria’s four state-owned refineries operated at a monumental loss despite about $18 billion spent on their rehabilitation, a development that informed the decision to shut...

Lafarge Africa Begins Expansion Projects In Sagamu, Ashaka Plants

February 04, (THEWILL) — Lafarge Africa Plc, a building solutions company, and manufacturer of premium products and solutions brands across cement, mortar and readymix concrete, has reaffirmed its commitment to strengthening local cement production with the expansion of its...

Elumelu-Backed Fintech Plans $100m Capital Raise To Fuel Pan-Africa Expansion

February 04, (THEWILL) — A Tony Elumelu-backed Nigerian fintech startup, Redtech Ltd., is considering raising up to $100 million in fresh capital to accelerate its expansion across Africa, according to media reports. The Lagos-based payments and agency-banking company, plans to...

Five Months After Peace Deal, Bandits Unleash Fresh Terror In Katsina, Kill Scores, Raze Houses, Shops, Vehicles

February 04, (THEWILL) — Barely five months after a peace agreement was reached, bandits have launched a deadly attack on Doma Community in the Tafoki area of Faskari Local Government Area of Katsina State, killing scores of residents and...

Alia Condemns Terrorist Attack After Herders Kill 17 at Benue Market Square

February 04, (THEWILL) — At least 17 persons have been confirmed dead following a violent attack on the Abande settlement in Mbaikyor Ward, Turan, within the Kwande Local Government Area of Benue State. The massacre occurred when suspected terrorist...

Police Bust Fraud Gang, Rescue 81-Year-Old Pensioner in Akwa Ibom

February 04, (THEWILL) — Operatives of the Akwa Ibom State Police Command have dismantled a suspected fraud syndicate popularly known as “Utotoh” and rescued an 81-year-old pensioner during a coordinated operation in the Uyo metropolis. The arrest, which occurred on...

Borrowing Without FRC Approval Illegal, FG Tells States, Local Governments, Threatens Sanctions

February 04, (THEWILL) — The Federal Government has issued a stern warning to state and local governments against securing loans from financial institutions without obtaining a Certificate of Proof of Compliance from the Fiscal Responsibility Commission (FRC), stating that...