Business

5 Ways To Stay Cash-Lite On UBA Platforms

Under this new policy, cash withdrawals and deposits above N500, 000 will attract a 3% fee for individuals while cash withdrawals and deposits above N3, 000,000 on any day will attract a 5% fee for corporate bodies. However, these fees...

European Markets Settle After Portugal-Led Rout

European stocks opened firmer and lower-rated government bond prices edged up on Friday, as markets settled after a broad pullback overnight on concerns about Portugal's banking sector that highlighted contagion risk in the euro zone. European shares were still on...

FAA To Communicate Category 1 Recertification Result To NCAA In September

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BEVERLY HILLS, CA, July 10, (THEWILL) - The Federal Aviation Administration (FAA) has informed the Nigerian Civil Aviation Authority (NCAA) that the outcome of the Category 1 Recertification exercise will be communicated to the Authority in September, this year. This is...

AGF, AMCON Restrained From Tampering With Aero Contractors’ Assets

BEVERLY HILLS, CA, July 10, (THEWILL) - The Attorney General of the Federation (AGF) and the Asset Management Corporation of Nigeria (AMCON) were Thursday restrained from further tampering with the assets and properties of Aero Contractors Company of Nigeria allegedly...

$49.8bn Unremitted Oil Funds: Senate Rejects Subsidy Removal

...Says There Is No Missing Fund SAN FRANCISCO, July 10, (THEWILL) – The Senate on Thursday rejected the recommendation of its Committee on Finance, which advised the Federal Government to remove the subsidy on petroleum products because of the alleged misapplication...

Nigeria’s New Automotive Policy: Clearly A Winner If Well Executed

SAN FRANCISCO, July 10, (THEWILL) – That Nigerians love automobiles is a no brainer. It does not matter whether they belong to the higher strata of society who mostly buy luxury brands or are amongst a significant pool of persons...

UPDATE 2-Lafarge Nigeria Gets Approval To Merge South African, Nigerian Units

Shareholders in Lafarge Wapco , the Nigerian unit of French cement maker Lafarge , on Wednesday approved a $1.35 billion deal combining its Nigerian businesses with Lafarge's wholly-owned South African subsidiary. Olusegun Osunkeye, chairman of Lafarge Wapco told shareholders at...

Don’t Stop Privatisation Of Power Stations, BPE, NCP Urge Court

SAN FRANCISCO, July 09, (THEWILL) – A Federal High Court sitting in Abuja has been urged to issue an order stopping the application by Ethiope Energy Limited for an order of interlocutory injunction to stop the Bureau for Public Enterprises...

Bill On Oil, Gas Export Free Zone Scales Second Reading In Senate

...Biosafety Management Agency Also SAN FRANCISCO, July 09, (THEWILL) – A Bill, which seeks to amend the Oil and Gas Export Free Zone Authority Act to make consequential provisions to the Act for greater effectiveness and efficiency, scaled the crucial second...

Oil Block Sale: House Launches Fresh Investigation Against Alison-Madueke

BEVERLY HILLS, CA, July 09, (THEWILL) - From all indications, the last is yet to be heard of the face-off between the House of Representatives and Petroleum Resources Minister, Mrs. Diezani Alison-Madueke, as the House Wednesday constituted a seven-man ad-hoc...