News

Air Peace CEO Warns New Tax Regime Could Push Airfares To ₦1m

December 29, (THEWILL) — The Chairman and Chief Executive Officer of Air Peace, Allen Onyema, has warned that Nigeria’s newly introduced tax reforms could drive domestic airfares to ₦1 million or more, threatening the survival of local airlines and...

Commercial Paper Issuance Hits ₦753bn – SEC Reports

December 29, (THEWILL) — The Securities and Exchange Commission (SEC) has disclosed that Nigerian companies raised over ₦753 billion through the issuance of Commercial Papers (CPs) between April and October, underscoring growing corporate reliance on short-term debt instruments amid...

Foreign Exchange Reserves Grow $4.39bn In 12 Months

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December 29, (THEWILL) — Foreign exchange (FX) reserves have recorded a notable increase of $4.39 billion over the past year, reflecting improved external sector performance and stronger inflows into the economy. The rise highlights enhanced macroeconomic stability and growing...

Atiku Faults Re-Gazetting Of Tinubu Tax Act, Demands Fresh Legislative Process

December 28, (THEWILL) — Former Vice President Atiku Abubakar has faulted moves to re-gazette the Tax Act, insisting that any attempt to correct the law through administrative measures rather than fresh legislative action would amount to a constitutional violation. THEWILL...

BREAKING: Prominent Businessman Nuel Ojei Is Dead

December 28, (THEWILL) — Prominent businessman and multi-billionaire, Dr Emmanuel Isichei Ugochukwu Ojei, widely known as Nuel Ojei, died Sunday evening in Isele-Uku, Delta State, his hometown, a family source told THEWILL. The source said Nuel, 74, complained of chest...

Tinubu Departs For Europe, Set To Attend Abu Dhabi Sustainability Week 2026

December 28, (THEWILL) — President Bola Tinubu, on Sunday, departed Lagos for Europe, continuing his end-of-year break ahead of an official engagement in Abu Dhabi, United Arab Emirates. In a statement signed by his Special Adviser on Information and Strategy,...

Nine Bandits, One Vigilante Killed In Overnight Gun Duel In Shanono LGA

December 28, (THEWILL) — A heavy exchange of gunfire between bandits and military personnel has left nine terrorists dead at Bakaji and Unguwar Garma in Gwauron Dutse area of Shanono Local Government of Kano State. One member of a...

Ex-Convict, Three Others Arrested Over UK-Bound Cocaine As NDLEA Seizes Tons Of Drugs Nationwide

December 28, (THEWILL) — The National Drug Law Enforcement Agency (NDLEA) has recorded another major breakthrough in its sustained offensive against drug trafficking, with the arrest of a previously convicted drug trafficker and three others, over an attempt...

Group Distributes Food Items To IDP Families, Expresses Concern Over Gov Lawal’s Handling Of Insecurity

December 28, (THEWILL) — A Zamfara-based civil society organisation, Zamfara State Development Group (ZSDG), has distributed food items and toiletries to families displaced by recent bandit attacks at selected Internally Displaced Persons (IDP) camps in Gusau, the state...

SERAP Asks Court To Compel Govs, Wike To Account For N14trn Fuel Subsidy Savings

December 28, (THEWILL) — The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against Nigeria’s governors and the Minister of the Federal Capital Territory, Abuja, Nyesom Wike, “over their failure to account for the spending of...