News

FG To Begin 7.5% VAT on Mobile Transfers, USSD Transactions January 19

January 14, (THEWILL) — The Federal Government has announced that a 7.5% Value Added Tax (VAT) will be applied to certain electronic banking services, including mobile bank transfers and Unstructured Supplementary Service Data (USSD) transactions, effective from Monday, January...

U.S. Suspends Immigrant Visas For Nigerians, Ghanaians, and 73 Other Nations

January 14, (THEWILL) — The United States has announced a sweeping suspension of immigrant visa processing for nationals of 75 countries, including Nigeria and Ghana, effective January 21, 2026. White House Press Secretary Karoline Leavitt confirmed the decision on Wednesday,...

EKEDP Appoints Engr. Olubunmi Peters Board Chairman, Wola Joseph-Condotti Interim CEO

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January 14, (THEWILL) — Eko Electricity Distribution PLC (EKEDP) today announced a significant leadership transition as Transgrid Enerco takes over the board of EKEDP. The previous board by the previous majority shareholder, West Power and Gas Limited (WPG) led by...

Political Tension In Kano As Kwankwaso Alleges Coercion of NNPP Appointees to Back APC Move

January 14, (THEWILL) — Political tension is mounting in Kano State following allegations by the national leader of the New Nigeria Peoples Party (NNPP), Rabiu Musa Kwankwaso, that public office holders are being coerced to endorse a plan by...

AGOA Remains Pillar of US–Africa Economic Partnership — African Union

January 14, (THEWILL) — The Chairperson of the African Union (AU) Commission, H.E. Mahmoud Ali Youssouf, has welcomed the overwhelming passage by the United States House of Representatives of a three-year extension of the African Growth and Opportunity Act...

Equities Advance Further As Market Breadth Remains Firm

January 14, (THEWILL) — The Nigerian equity market sustained its bullish momentum on Wednesday, January 14, as the market capitalisation opened at N106.182 trillion and closed higher at N106.780 trillion. Similarly, the NGX All-Share Index (ASI) advanced from 165,837.33 points...

TotalEnergies To Divest 10% Stake In Nigeria’s Onshore SPDC Assets

January 14, (THEWILL) — TotalEnergies has agreed to sell its 10% non-operated stake in Nigeria’s onshore oil venture formerly known as the Shell Petroleum Development Company (SPDC) Joint Venture, now the Renaissance Joint Venture (JV), to Vaaris Resources JV...

Pressure Mounts As More Rivers Assembly Members Oppose Impeachment of Governor Fubara, Deputy

January 14, (THEWILL) — Pressure continued to mount on the Rivers State House of Assembly on Wednesday, January 14, 2026, as two additional lawmakers publicly withdrew their support for the ongoing impeachment proceedings against Governor Siminalayi Fubara and his...

FG, ASUU Sign New Agreement, End 16-Year Renegotiation of 2009 Pact

January 14, (THEWILL) — The Minister of Education, Dr. Tunji Alausa, on Wednesday, January 14, 2026, unveiled a landmark agreement between the Federal Government (FGN) and the Academic Staff Union of Universities (ASUU). The signing ceremony, held at the...

Newswatch: Veteran Journalist Yakubu Mohammed Dies Two Months After Agbese

January 14, (THEWILL) — Veteran journalist and co-founder of Newswatch magazine, Yakubu Mohammed, has died at the age of 75, barely two months after the death of his close associate and fellow Newswatch founder, Dan Agbese. Mohammed co-founded Newswatch in...