Business

Zenith Bank Again Wins Award For Best Corporate Governance ‘Financial Services’ In Africa 2021

June 17, (THEWILL)- Zenith Bank Plc has been named as the Best Corporate Governance ‘Financial Services’ Africa 2021 by the Ethical Boardroom for the second consecutive year. The bank, in a statement by its Group Managing Director/Chief Executive, Ebenezer Onyeagwu,...

Emirates Loses $5.5bn To COVID

June 17, (THEWILL)- Emirates Airline has recorded an annual loss of $5.5 billion, the first in more than three decades, after the coronavirus pandemic devastated the aviation industry. The last time the airline reported a loss was in the 1987-88 financial year,...

$27.2bn Deal: FG Grants 4 Airports Special Economic Zones 

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...Rejigs NEPZA Act ...Abuja, Lagos, Others to Enjoy Tax, Duty Waivers June 13, (THEWILL)- With over $13.6 billion investments attracted into various Free Trade Zones in April, 2012, it is estimated that the value of investments till date may have...

Stakeholders Fault DPR on Marginal Field Bid-Rounds 

June 13, (THEWILL)- Stakeholders and industry experts have described the recently concluded marginal field bid-rounds conducted by the Department of Petroleum Resources (DPR) as a charade. They also maintain that the circumstances that encumbered the successful execution of the...

Concessioning of Non-Aeronautic Assets of 4 Major Airports

BEVERLY HILLS, June 06, (THEWILL) - ANTHONY AWUNOR looks at new trends in the Federal Government’s concessioning  plans for Kano, Lagos, Abuja and Port Harcourt airports For many years, the Federal Government has been seeking the best possible ways to concession...

PAYE Tax Accounts for 62% of States’ IGR – Investigation

BEVERLY HILLS, June 06, (THEWILL) - Over 60 percent of internally generated revenue (IGR) of the 36 states and the Federal Capital Territory constitutes deductions from employee emoluments under the PAYE (Pay-As-You-Earn) tax system, THEWILL investigation has revealed. PAYE...

Nigerians Pay N6.98 For USSD Transactions

BEVERLY HILLS, June 04, (THEWILL) – Many users of USSD services in Nigeria on Friday started to see a notice to pay N6.98 for each transaction session. USSD is a critical channel for delivering financial services, especially for those who do...

Bureaux De Change Group Says Sales Margin Is N2 Per Dollar And Not N101, Warns Public

BEVERLY HILLS, May 30, (THEWILL) – The Association of Bureaux De Change Operators of Nigeria (ABCON) has advised foreign exchange users and the general public to patronise only Central Bank of Nigeria (CBN)-licenced bureaux de change (BDCs) to get...

Equity Market Sheds N30.63bn in One Week

BEVERLY HILLS, May 30, (THEWILL) – Investors in Nigeria’s equity market lost N30.63 billion in the week ending May 28, 2021 with market capitalization recording N19.940 trillion as against N19.956 trillion on Monday (May 24, 2021). A total of 228,674,124 shares...

Printing of Currency Notes: The Missing Link

BEVERLY HILLS, May 30, (THEWILL) – The issue of printing of currency notes by the Central Bank of Nigeria (CBN), once raised by Governor Godwin Obaseki of Edo State, very much dominated popular discussion for many days. Listening to...