Business

BEVERLY HILLS, January 20, (THEWILL) - The Federal Government through the Central Bank of Nigeria, CBN, has imposed stamp duty of N50 on bank customers for money received into their accounts through electronic transfer, cash and cheques. The CBN, in...

SAN FRANCISCO, January 19, (THEWILL) – The Senate on Tuesday commended and supported the foreign exchange (FX) policies of the Central Bank of Nigeria (CBN) after a closed door session with the CBN governor Godwin Emefiele for over two...

SAN FRANCISCO, January 19, (THEWILL) – The Central Bank of Nigeria (CBN) has revealed that Nigerians will soon be able to take bank loans using unconventional properties as benefits of the Nigerian collateral register (NCR) in view. The NCR, to...

Morgan Stanley reported a fourth-quarter profit, compared with a year-earlier loss, as its legal costs plunged and compensation expenses fell. Shares of the Wall Street bank, which took $2.9 billion in crisis-related legal costs in the year-earlier quarter, rose 3...

The International Monetary Fund cut its global growth forecasts for the third time in less than a year on Tuesday, as new figures from Beijing showed that the Chinese economy grew at its slowest rate in a quarter of...

Delta Air Lines Inc on Tuesday reported fourth-quarter profit slightly below analysts' expectations and forecast that passenger unit revenue will continue to decline in early 2016 amid "international volatility" and currency pressures. Delta, the third-largest U.S. airline by capacity, said...

BEVERLY HILLS, January 18, (THEWILL) – Civil Liberty Organisation (CLO) has called on the Federal Government and the Central Bank of Nigeria (CBN) to restructure the Bureau De Changes (BDCs) in line with international best practices. Restructuring the BDCs, the...

BEVERLY HILLS, January 18, (THEWILL) – The naira on Monday strengthened against the dollar as the Bureau De Change operators (BDCs) await a circular from the Central Bank of Nigeria (CBN) on how to get supply from international oil...

Oil prices reached a 2003 low below $28 per barrel on Monday as the market braced for a rise in Iranian exports after the lifting of sanctions against Tehran over the weekend. The United States revoked sanctions that had cut...

OPEC forecast on Monday that oil supply from non-member countries will post a larger-than-expected decline this year due to the collapse in prices, boosting the need for crude from the producer group. Supply outside the Organization of the Petroleum Exporting...