Business

Stakeholders Kick As FG Moves To Borrow N895.5bn Investors’, Depositors’ Fund

- Vow To Challenge The Act In Court BEVERLY HILLS, January 07, (THEWILL) - The move by the Nigerian government to take over about N895.5 billion in quoted companies and deposit money banks, as “special borrowing” to fund crisis-related expenditures, has...

NIN: NCC Denies Plan For Mass Disconnection Of Subscribers

BEVERLY HILLS, January 06, (THEWILL) - The Nigerian Communication Commission (NCC) has denied that it plans a mass disconnection of telephone subscribers as has been widely reported in recent times. Series of media reports had maintained that the Commission has...

FCMB Names Yemisi Edun As Ag. MD

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- Denies Appointing Her Into Substantive Position BEVERLY HILLS, January 06, (THEWILL) - First City Monument Bank (FCMB) has appointed Mrs Yemisi Edun to act as Managing Director, MD, in the place of the substantive MD, Adam Nuhu, who proceeded...

Demands For Zugacoin Rise As U.S Directs Banks To Accept Cryptocurrency

BEVERLY HILLS, January 06, (THEWILL) - Africa’s first cryptocurrency, Zugacoin has risen high in demand as the United States Government directs its banks to start accepting cryptocurrency. Zugacoin, owned by Archbishop Sam Zuga; a Tiv Indigene of Benue State, Nigeria...

Naira: Again, Exchange Rate Shifts At Official NAFEX Window

BEVERLY HILLS, January 05, (THEWILL) - The confusion that emerged on the first trading day of the year (Monday, January 4) over the adjusted rate of the Naira added another dimension Tuesday when the local currency witnessed further rate...

Atiku Divests From Intels

SAN FRANCISCO, January 04, (THEWILL) - Former Vice-President Atiku Abubakar said he has been selling his shares in Integrated Logistics Services Nigeria Limited (Intels), which he co-founded with late Shehu Yar’Adua and Italian-Nigerian Gabriele Volpi. His Media Adviser, Paul Ibe, in...

2020 Budget Performance: Mixed Reactions Trail FG’s 97% Claim

SAN FRANCISCO, January 04, (THEWILL) - The recent disclosure by the Nigerian Government that it achieved over 90 per cent budget performance for 2020, has triggered divergent reactions from economists and finance experts. The Director-General, Budget Office of the Federation,...

Dana Air Takes Delivery Of 2 Aircraft After Maintenance

Dana Air has welcomed two of its Boeing aircraft fresh from maintenance overseas. The arrival of the aircraft occurs days after another of its aircraft returned to service recently – in December. The Chief Operating Officer of Dana Air, Obi Mbanuzuo...

AIB Tasks Workers On Excellent Delivery Of Mandate

SAN FRANCISCO, January 03, (THEWILL) - The Accident Investigation Bureau Nigeria (AIB-N) has urged its members of staff not to relent in pursuing excellence while delivering the Bureau’s mandate of investigating air mishaps with the aim of ensuring continuous safety...

Onyeali-Ikpe, Fidelity Bank’s New MD/CEO Assumes Duties

SAN FRANCISCO, January 03, (THEWILL) - Fidelity Bank Plc has announced that its newly appointed Managing Director/CEO, Mrs Nneka Onyeali-Ikpe, has assumed duties. Mrs. Onyeali-Ikpe, whose tenure formally commenced on January 1, 2021 becomes the 4th chief executive and first female...