Business

N1.04trn Fine: MTN Withdraws Suit Against NCC, Pays N50bn ‘In Good Faith’

BEVERLY HILLS, February 24, (THEWILL) – South African mobile telecommunication company, MTN has withdrawn its suit against the Nigerian Communications Commission, NCC, even as it paid N50bn towards an out-of-court settlement of the matter for which it had dragged...

DSTv Reduces Price By Over 50%

BEVERLY HILLS, February 23, (THEWILL) – MultiChoice, operator of DStv, has announced some downward adjustments in its service offerings which takes effect immediatly. It has reduced the price of DStv Explora decoder, dish and one month Compact subscription from N71,000...

Naira Sells @ N318 To $1 In Parallel Market

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SAN FRANCISCO, February 23, (THEWILL) – The Naira Tuesday closed at N318 to US$1 in the parallel market, extending its 2-day rally against the greenback, according to a survey conducted by THEWILL across the markets. The naira closed at...

NSE CEO, Onyema, Gets Another Five-Year Term

SAN FRANCISCO, February 23, (THEWILL) – The Nigerian Stock Exchange (NSE) has renewed the contract of agreement of its Chief Executive Officer, Mr Oscar Onyema, for another five-year term. This is contained in a statement issued by the exchange, which...

Google Is Shuttering Google Compare: WSJ

Google is shuttering Google Compare, its U.S. comparison-shopping site for auto insurance, credit cards and mortgages after one year, the Wall Street Journal reported on Monday, citing people familiar with the matter. The quick reversal is a setback to the...

MWC 2016: Mastercard Rolls Out Selfie ID Checksa Notification Will Tell Users When They Need To Verify Their ID After Using A Shopping Website

Credit card firm Mastercard has confirmed it will accept selfie photos and fingerprints as an alternative to passwords when verifying IDs for online payments. It follows a trial of the software carried out in the US and Netherlands last year. The...

MultiChoice Reiterates Commitment To Customer Satisfaction

SAN FRANCISCO, February 22, (THEWILL) – MultiChoice Nigeria says it has noted the Consumer Protection Council’s (CPC) orders as outlined in the Order of Council, and therefore confirms its commitment to continue its engagement with the Council to resolve...

Nigeria Naira Firms On Parallel Market After President Rejects Devaluation

Nigeria's naira firmed sharply to 375 on the parallel market on Monday after importers started to reduce demand for dollars following the president's defiance over devaluing the currency, hit hard by the fall in global oil prices, one trader...

Apple Tells Employees Why It Won’t Help Hack Shooter’s Phone

Apple Inc. CEO Tim Cook acknowledged to employees Monday that "it does not feel right" to refuse to help the FBI hack a locked iPhone used by a gunman in the San Bernardino mass shootings. But he said that...

MWC 2016: Zuckerberg Takes Samsung Into A VR Future

It's easy to be cynical about phone launches. Thousands of excited fans - or jaded journalists - pack into grandiose events to be deafened by Coldplay or U2 and hear nervous executives read from an autocue that they are "really...