Business

BEVERLY HILLS, January 07, (THEWILL) - The Nigerian Interbank Settlement System (NIBSS) has revealed that Nigeria’s electronic payment (e-payment) services, recorded transactions worth N56.85 trillion from January to September, last year. NAN, quoting a report by the agency said that...

After almost 10 years, Wall Street’s rally looks like it’s ending. Another day of big losses Friday left the U.S. market with its worst week in more than seven years. All of the major indexes have lost 16 to 26...

BEVERLY HILLS, December 20, (THEWILL) - Mahmoud Isa-Dutse, the Permanent Secretary of the Ministry of Finance, says the balance of the Excess Crude Account (ECA) declined by $1.68 billion between November 25 and December 19. He made this known on Wednesday...

SAN FRANCISCO, December 17, (THEWILL) - Unity Bank Plc has won the Central Bank of Nigeria (CBN) 2018 sustainable banking award, clenching the award for ‘Sustainable Transaction of the Year in Agriculture’. The Bank won the coveted award for its compliance...

Target Corp (TGT.N), Walmart Inc (WMT.N) and toy importer LaRose Industries were sued on Thursday over the sale of lead-contaminated children’s toys, New York Attorney General Barbara Underwood said. The lawsuit, filed in New York state court in Albany, is...

SAN FRANCISCO, December 14, (THEWILL) - The National Bureau of statistics (NBS) has stated that the Consumer Price Index (CPI), which measured inflation increased to 11.28 per cent (year-on-year) in November from 11.26 per cent recorded in October. The NBS...

Lawyers for the Nigerian government said they had filed a $1.1 billion lawsuit against Royal Dutch Shell and Eni in a commercial court in London on Thursday in relation to a 2011 oilfield deal. The OPL 245 oilfield is also...

SAN FRANCISCO, December 12, (THEWILL) - A Federal High Court in Lagos, on Wednesday granted MTN Nigeria Communications Ltd, and the Central Bank of Nigeria (CBN) till January 22, for a report of settlement talks in their $8.1bn reparation dispute...

The Governor of India’s central bank, Urjit Patel, resigned abruptly on Monday after a months-long tussle over policy with the government that has raised concerns about the bank’s independence as a national election nears. Government officials have been pressuring the...

SAN FRANCISCO, December 10, (THEWILL) - The National Bureau of Statistics (NBS) on Monday released the country’s Gross Domestic Product report for the third quarter with the economy recording a growth rate of 1.81 per cent year-on-year. The Bureau in the...