Business

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

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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...

House Passes N322bn NDDC, N271bn FCT 2014 Budgets

SAN FRANCISCO, July 09, (THEWILL) – The House of Representatives Wednesday passed into second reading the N322 billion 2014 appropriation bill of the Niger Delta Development Commission (NDDC) for the fiscal year ending on 31st December 2014. It also passed into...

Growth Fears Hit Global Stocks, Investors Eye Fed And Draghi

World stocks fell on Wednesday as a decline in Chinese inflation and weaker European industrial data combined to suggest global growth may be slowing, eclipsing a positive start to the U.S. earnings season. The mining company Alcoa Inc reported results...

Apple Loses China Patent Case, Separate Suit Against Apple Continues

A Beijing court has ruled against Apple Inc by upholding the validity of a patent held by a Chinese company, clearing the way for the Chinese company to continue its own case against Apple for infringing intellectual property rights. Apple...

Kano Sues Finance Minister, Ministry, PPPRA Over Undisclosed Deductions

SAN FRANCISCO, July 08, (THEWILL) – The Kano State Government has filed a suit at the Federal High Court Abuja seeking to compel the Minister of Finance, Dr. Mrs. Ngozi Okonjo-Iweala, the Ministry of Finance and the Petroleum Products Pricing...

House Objects To Non-Utilisation Of $500m Chinese Loan

SAN FRANCISCO, July 08, (THEWILL) – The House of Representatives Committee on Aviation Tuesday expressed concerns over the non—utilisation of a $500 million loan the Ministry of Aviation obtained from the Chinese government for the transformation of the aviation...

Europe’s Stocks, Bonds Dip As Bank Fines Mount, QE Hopes Dim

Europe's main stock indices and bond benchmarks dipped on Tuesday amid reports of new U.S. fines on banks and dimming prospects for an asset purchase programme from the European Central Bank. Bank shares weighed on European equity indexes, compounding losses...

U.S. In Sanctions Talks With Commerzbank And Deutsche: Source

U.S. authorities have begun settlement talks with Germany's Commerzbank and Deutsche Bank over their dealings with countries blacklisted by the United States, extending a crackdown on European banks at a delicate point in U.S.-German relations. The talks with state and...