Business

Insurers Struggle To Get Grip On Burgeoning Cyber Risk Market

Insurers are eagerly eyeing exponential growth in the tiny cyber coverage market but their lack of experience and skills handling hackers and data breaches may keep their ambitions in check. High profile cases of hackers seizing sensitive customer data from...

Argentines, Bond Holdouts Emerge From NY Meeting, No Resolution

Argentine officials and the holdout investors it has battled for years over its catastrophic 2002 default met separately with a court-appointed mediator on Friday, emerging after five hours of discussions without a resolution. This is the closest the two sides...

Tech Earnings Take Center Stage Next Week

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Earnings from some of the biggest U.S. technology companies will take center stage next week, giving investors a chance to re-evaluate the sector's health. Big tech names set to report next week include Intel Corp and Yahoo Inc on Tuesday;...

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

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...