Business

Banks Urge Customers To Comply With New Cheque Standard

BEVERLY HILLS, December 23, (THEWILL) - Nigeria’s deposit money banks (DMBs) have been notifying their customers about the December 31 deadline to phase out the existing stock of cheque books. This is sequel to the new cheque design introduced by...

Air Peace Begins Direct, Nonstop Flight To Jamaica

Air Peace Airlines has commenced a direct, nonstop 11 hours flight from the Murtala Muhammed International Airport, Lagos, to the Island country of Jamaica on December 21, 2020. The airline deployed one of its three Boeing 777 aircraft with registration...

BUA Cement To Spend $1.05bn On Sokoto, Edo, Adamawa Plants

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BEVERLY HILLS, December 23, (THEWILL) - In a bid to expand its operations and boost export activities, Nigeria’s foremost cement company, BUA Cement Plc, has signed an agreement with Sinoma CBMI of China for the construction of three new...

Banks Overwhelmed As P/Harcourt Residents Troop Out For Yuletide Withdrawals

BEVERLY HILLS, December 22, (THEWILL) - Many banks in different parts of Port Harcourt, the capital of Rivers State, were unable to meet cash demands of customers on Monday as residents trooped out in their numbers to withdraw money...

Union Bank CEO, Emeka Emuwa, To Retire March 31

Board Appoints Successor BEVERLY HILLS, December 22, (THEWILL) - The Board of Union Bank of Nigeria Plc has announced the retirement of its Chief Executive Officer, Mr. Emeka Emuwa, effective March 31, 2021, to be succeeded by Mr Emeka...

AOG: Dana Air Apologises For Service Failures

SAN FRANCISCO, December 21, (THEWILL) - Dana Air has apologised to its numerous passengers for service failure caused by two of its aircraft that became unserviceable in Lagos and Abuja. On Friday 18, and Saturday 19, December 2020,...

Renewed Dedication To Sports Sponsorship: The Zenith Bank Example

BEVERLY HILLS, December 21, (THEWILL) - Sports sponsorships took a major hit in 2020 as the coronavirus pandemic brought sporting activities to a halt early in the year. This affected several scheduled competitions and not a few had to be...

SEC Raises The Alarm Over Famzhi Interbiz Limited

BEVERLY HILLS, December 21, (THEWILL) - The Securities and Exchange Commission (SEC) has warned the Nigerian business community to be careful of the activities of Famzhi Interbiz Limited, saying the company is not registered as a financial services institution....

MOMAN Tasks FG On Sustained Liberalisation Of Petroleum Downstream Sector

BEVERLY HILLS, December 20, (THEWILL) - The Major Oil Marketers Association of Nigeria (MOMAN) has urged the Federal Government to remain consistent with its policies on the liberalisation of the petroleum downstream sector to enable Nigeria and Nigerians reap their...

Labour Leaders Applaud Dangote Refinery Project

BEVERLY HILLS, December 20, (THEWILL) - Citing economic benefits accruing from the multi-billion dollars 650,000 bpd capacity Dangote Refinery currently under construction, organized labour at the weekend threw its weight behind the project describing it as a singular investment that...