Business

Mixed Reactions Trail FG’s Proposed Free Prepaid Metres

BEVERLY HILLS, March 15, (THEWILL) - On October 20, 2020, when the Minister of Power, Alhaji Mamman Kwagyang Saleh, announced the plans of the Federal Government to distribute no fewer than 6million free prepaid meters, Nigerians welcomed the idea with...

NSE Completes Demutualisation As SEC, CAC Give Nod

BEVERLY HILLS, March 15, (THEWILL) - StockThe Nigerian Stock Exchange (NSE) has received final approvals of its demutualisation plan from the Securities and Exchange Commission (SEC) and Corporate Affairs Commission (CAC) respectively. With these approvals, The Exchange has now...

Grappling With Security Breaches At Nation’s Airports

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BEVERLY HILLS, March 15, (THEWILL) - Stakeholders in the nation’s aviation industry have warned that if the frequent security breaches at the airports continue, it may lead to threat of lives and property, which may consequently affect the perception of...

NNPC: Concern Mounts Over Multi-Billion Naira Wasteful Spendings

BEVERLY HILLS, March 15, (THEWILL) - The public outcry over unbridled spending habit of the Nigerian National Petroleum Corporation (NNPC) which characterises its operations resonated on Wednesday March 3, 2021, when the Senate Public Accounts Committee engaged top management of...

Unbanked Persons Hit 1.7bn Worldwide

BEVERLY HILLS, March 12, (THEWILL) - Global Financial Inclusion Database, otherwise known as Global Findex, which documents how people save, borrow and make payments, states that, close to one-third of adults, that is 1.7 billion are still un-banked...

Fidelity Bank Keys Into CBN’s New Policy On Diaspora Remittance Inflows

BEVERLY HILLS, March 11, (THEWILL) - Fidelity Bank has restated support for the Central Bank of Nigeria's (CBN) efforts to engender sustainable economic development by improving Diaspora remittances and foreign exchange (FX) inflows into the country. The Bank's CEO, Nneka...

Court Refuses To Unblock Shell’s Bank Accounts

BEVERLY HILLS, March 10, (THEWILL) – Justice Oluremi Oguntoyinbo of the Federal High Court in Lagos on Tuesday  declined to vacate an interim injunction directing 20 banks to block Shell Petroleum Development Company of Nigeria (SPDC) and its subsidiaries’...

Stock Exchange Becomes PLC

BEVERLY HILLS, March 10, (THEWILL) – The Nigerian Stock Exchange (NSE) has received final approvals for its ongoing conversion from a mutual, member-owned company to a public limited liability company with issued shared capital  and shareholders. The conversion, otherwise known...

AVON, UBA Partner On Bespoke Health Plans For Children

BEVERLY HILLS, March 09, (THEWILL) - Avon Healthcare Limited, a leading health management organisation has partnered with pan-African financial institution, United Bank for Africa (UBA) Plc, to develop well-tailored and unique health plans for children. The collaboration to develop the...

With Fewer Exports, Nigeria’s International Trade Deficit Climbs To N7.37trn

BEVERLY HILLS, March 09, (THEWILL) - Nigeria recorded a trade deficit of N7.37 trillion in 2020, making a 317 percent decline when compared with the trade surplus of N2.32 trillion recorded in the 2019. The National Bureau of Statistics (NBS)...