News

Obasanjo, Uhuru Kenyatta To Headline 2025 Future Africa Leaders Awards

December 31, (THEWILL) — Former Nigerian President Chief Olusegun Obasanjo is set to chair the 2025 Future Africa Leaders Awards (FALA) during the New Year’s Eve Service with Pastor Chris Oyakhilome. The event takes place tonight, Wednesday, December 31,...

GTCO To Raise N10bn Through Private Investors

December 31, (THEWILL) — Guaranty Trust Holding Company Plc (GTCO) has secured approvals from the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) to proceed with a private placement of its ordinary shares, subject to...

Savannah Announces Relationship Agreement With NIPCO Plc

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December 31, (THEWILL) — Savannah Energy PLC, the British independent has announced the intended entry into a relationship agreement with its largest shareholder, NIPCO Plc, a diversified Nigerian energy conglomerate, in connection with NIPCO increasing its shareholding in Savannah. According...

Understanding The Stamp Duty Payment In New Tax Laws

December 31, (THEWILL) — Nigeria’s recent tax reforms created the Nigerian Tax Act (NTA) 2025 which is among the new tax laws with January 1, 2026, as the implementation date. The NTA affected two existing fiscal rules namely, the Stamp...

NDIC Seeks Exemption From 50% Cost-to-Income Ratio

December 31, (THEWILL) — The Managing Director/Chief Executive of the Nigeria Deposit Insurance Corporation, Mr Thompson Sunday, has drawn attention to the fact that the Federal Government’s 50 per cent cost-to-income ratio policy is limiting the corporation’s ability to...

Gov Diri Urges Patience Over Bayelsa Independent Power Project Delay

December 31, (THEWILL) — The Governor of Bayelsa State, Senator Douye Diri, has called for patience regarding the ongoing installation of the state’s independent power project (IPP). The 60-megawatt gas turbine project, which saw installation begin in October 2025,...

Equities Market Ends 2025 Higher as NGX Closes Strong on Final Trading Day

December 31, (THEWILL) — The Nigerian equities market closed the final trading session of 2025 on Wednesday, 31st December on a positive note, capping a year of sustained recovery and strong capital inflows into the domestic equities market. Market capitalisation...

Benin Traditional Council Condemns Assault on Pedro Obaseki, Says Attack Not Authorised By Oba

December 31, (THEWILL) — The Benin Traditional Council (BTC) has strongly condemned and distanced the Oba of Benin from the recent incident involving the manhandling of Mr. Pedro Obaseki, describing the act as unauthorised and contrary to the values...

Christmas Bonus: ₦100,000 Payment Is Non-Discriminatory — Rivers Govt

December 31, (THEWILL) — The Rivers State Government has clarified that its annual ₦100,000 Christmas bonus is paid without discrimination to all civil servants, public office holders, and pensioners captured on the state’s payroll system. In a statement issued on...

Sterling CEO Yemi Odubiyi Buys N578.1m Shares Through Investment Firm

December 31, (THEWILL) — The Chief Executive Officer of Sterling, Yemi Odubiyi, has acquired shares in the company valued at N578.1 million, signaling increased confidence in the firm’s long-term prospects. The transaction was executed through an investment company linked to...