News

January 15, (THEWILL) — The Nigeria Revenue Service (NRS) has clarified that Value Added Tax (VAT) on banking fees and related service charges is not a new development. The agency dismissed reports suggesting that the Nigeria Tax Act 2025...

January 15, (THEWILL) — The Dangote Petroleum Refinery has said that fuel scarcity in Nigeria has effectively ended with the removal of petrol subsidy, noting that the facility is now delivering world-class fuels to meet domestic demand. According to the...

January 15, (THEWILL) — The Nigerian Economic Summit Group (NESG) has projected that Nigeria’s inflation rate could fall to single-digit levels by 2029, contingent on the sustained implementation of key macroeconomic and structural reforms. NESG noted that the outlook depends...

January 15, (THEWILL) — The Budget Office of the Federation (BOF) has dismissed claims that the North East Development Commission (NEDC) operates a ₦246 billion “salaries budget”, describing such assertions as misleading and based on a misunderstanding of...

January 15, (THEWILL) — Billionaire industrialist and Chairman of BUA Group, Abdul Samad Rabiu, has fulfilled his $500,000 pledge to Nigeria’s Super Eagles, commending the team’s bravery and commitment despite their semifinal exit from the 2025 Africa Cup...

January 15, (THEWILL) — An insider of Vitafoam Nigeria Plc has disposed of shares valued at approximately ₦33 million in transactions executed toward the end of the year, according to disclosures filed with the Nigerian Exchange Limited (NGX). The...

January 15, (THEWILL) — The Central Bank of Nigeria (CBN) significantly intensified its liquidity management operations over the past year, with liquidity mop-up activities rising by 182% amid signs of easing inflationary pressures. The sharp increase reflects the apex...

January 15, (THEWILL) — Nigeria’s power sector recorded an estimated ₦187 billion revenue loss as unbilled electricity supply increased, underscoring persistent inefficiencies across the electricity value chain. Industry data indicate that a significant portion of energy generated and distributed...

January 15, (THEWILL) — A major confrontation between organised labour and the federal government appears imminent as the Trade Union Congress of Nigeria (TUC) has placed its affiliates nationwide on standby over the suspension of salaries of members...

January 15, (THEWILL) — The National Judicial Council (NJC) has recommended Justice Joseph Olubunmi Kayode Oyewole for appointment as a Justice of the Supreme Court of Nigeria, alongside 35 other candidates for various judicial offices nationwide. The recommendations...