THEWILL

SEC Corrects Fund Managers’ AUM Capital Rule from 10% to 0.1%

January 19, (THEWILL) — The Securities and Exchange Commission (SEC) has clarified that fund and portfolio managers will be required to hold 0.1% of Assets Under Management (AUM) as regulatory capital and not 10% as initially stated in its...

New Tax Law: Traders, Business Owners Now Prefer Cash to Bank Transfers– Study

January 19, (THEWILL) — Some traders, business owners now prefer cash payment from customers for goods and services rendered. This followed implementation of the new tax law, a News Agency of Nigeria (NAN) study reveals. Some of the traders...

THEWILL EDITORIAL: End of ASUU Strike in Sight?

January 18, (THEWILL) — After 16 years of negotiations, the Federal Government and the Academic Staff Union of Universities, ASUU, signed what has been described as a landmark agreement. According to the Minister of Education, Dr. Tunji Alausa, who unveiled...

NGX Confirms Listing of 3.156bn UBA Shares, Deepening Liquidity, Market Capitalisation

January 18, (THEWILL) — The Nigerian Exchange Limited (NGX) has admitted an additional 3.16 billion ordinary shares of United Bank for Africa (UBA) Plc to its Daily Official List, signalling a major enhancement of the bank’s market capitalisation whilst...

OPINION: Nigeria: 60 Years After The First Military Coup

January 16, (THEWILL) — As a country, Nigeria shall be 66 years old come October this year. On January 15, 1966, six years after political independence, the military, led by Major Chukwuma Kaduna Nzeogu, seized power from the democratically...

Dangote Refinery: Fuel Scarcity Has Ended With Subsidy Removal

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...

NESG Optimistic On Nigeria’s Inflation Outlook, Sees Single-Digit Rate By 2029

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...

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

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...

OPINION: The Tragic Double Abuse of Vulnerable Young Women at Aguleri, Anambra State.

January 14, (THEWILL) — I recently came across a video showing dozens of young women seated on the bare floor of a gimcrack building. They were being interrogated by an unidentified individual who named the location as the "MorningStar...

Op-ed Article Katsina State: The Inversion Of Justice, Morality, and Sovereignty Through Amnesty for Terrorists

January 14, (THEWILL) — The recent release of seventy (70) confirmed bandits and jihadist terrorists by the Katsina State Government, under the euphemistic cloak of a so-called “peace accord,” ought to send cold shivers down the spine of every...

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