Business

Union Bank Faults KGIRS Over Disputed Revenue

SAN FRANCISCO, September 08, (THEWILL) - Union Bank Nigeria Limited has kicked over the decision of the Kogi State Government to seal its Lokoja branch over disputed revenue. The Bank in a statement said the norm was that wherever a...

NSE Set To Sensitise Investors On Derivatives Market

SAN FRANCISCO, September 08, (THEWILL) - The Nigerian Stock Exchange (NSE) will Tuesday, host a capacity-building workshop to make investors have a better understanding of the derivatives product and highlight its applicability to hedge against crisis such as the...

Shoprite Unable To Lift Restriction Order On Asset transfer

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SAN FRANCISCO, September 08, (THEWILL) - The Federal High Court in Lagos has declined hearing an application to lift a Mareva injunction barring South African retail company, Shoprite Checkers (PTY) Limited, from transferring its assets in Nigeria. The vacation judge...

NCC Remitted N362.34bn To FG From 2015 To Date – Danbatta

SAN FRANCISCO, September 07, (THEWILL) - The Nigerian Communications Commission (NCC) says it remitted N362.34 billion into the Federal Government Consolidated Revenue Fund (CRF), from 2015 to date. The commission said it also recorded 42.02 per cent Broadband Penetration in five...

FIRS Unveils Reporting Portal For Financial Institutions

SAN FRANCISCO, September 07, (THEWILL) - The Federal Inland Revenue Service (FIRS) has unveiled an automatic exchange of information-common reporting standard (AEOI-CRS) system for the use of financial institutions in the country. In a statement on Sunday by Abdullahi Ahmad,...

COVID-19 : Nigeria Revenue Drops By Almost 60% – Buhari

SAN FRANCISCO, September 07, (THEWILL) - President Muhammadu Buhari on Monday said the COVID-19 pandemic has resulted in trying times, not just for the Nigerian people, but also for the government. The President said the country’s revenues and foreign exchange...

CBN Freezes Accounts Of 38 Firms Over Forex Infractions

SAN FRANCISCO, September 06, (THEWILL) - The Central Bank of Nigeria has directed banks to freeze the accounts of 38 companies operating in the country. The development was confirmed in a circular signed by the CBN’s Director of Banking...

H1 2020: Fidelity Bank Posts Impressive Half Year Results, Profits Up By 22% As Gross Earnings Hit N105.8bn

Despite the economic challenges occasioned by the COVID-19 pandemic, Fidelity Bank has sustained the financial performance trajectory of recent years, with another set of impressive financial results. Details of the Audited Half Year results ending June 30, 2020 for...

P&ID: UK Court Grants Nigeria Relief From $10bn Fine

BEVERLY HILLS, September 04, (THEWILL) - A UK Court has given Nigeria a landmark victory in its pursuit to overturn a $10 billion judgement awarded against it in a case against Process and Industrial Developments (P&ID). Delivering his judgement on...

Nigeria To Establish Centre For Artificial Intelligence, Robotics

BEVERLY HILLS, September 04, (THEWILL) - The National Information Technology Development Agency (NITDA) has said it is set to establish a Centre for Artificial Intelligence and Robotics in Nigeria. This was disclosed by the Director-General of the agency, Mr Kashifu...