Business

Senators Urge Inquiry Into Commonwealth Bank Finance Planning Scandal

CBA.AX), with the bank accused of covering up misconduct that left thousands of its customers without their savings. The inquiry, which may take the form of a royal commission or independent judicial inquiry, is likely to pave the way for...

Abacha Loot: Nigerian Government Responds To Transparency International

The federal government of Nigeria through the Attorney General of the Federation and Minister of Justice, Mr. Mohammed Adoke, Thursday responded to criticisms from global anti-graft agency, Transparency International, over its withdrawal of charges bordering on theft of millions of dollars...

House Rejects N35m Capital Base For Bureau De Change, Summons Emefiele

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SAN FRANCISCO, June 26, (THEWILL) – The House of Representatives Thursday directed the Central Bank of Nigeria (CBN) to suspend the upward review of minimum capital base for operators of Bureau De Change (BDC) from N10 million to N35 million. The...

Stocks Put Aside U.S. Growth Setback

Stock markets in Europe and Asia looked past gains by Iraqi militants and poor first-quarter growth in the United States on Thursday, with some investors raising their forecasts for a U.S. economic bounce in coming months. A Sunni insurgency in...

New York Attorney General Accuses Barclays Of ‘Dark Pool’ Fraud

The New York State's attorney general has filed a securities fraud lawsuit against Barclays BARC.L, accusing the British bank of giving an unfair edge in the United States to high-frequency trading clients even as it claimed to be protecting...

China Finds $15 Billion Of Loans Tied To Falsified Gold Deals

Chinese gold processing firms have since 2012 used falsified gold transactions to borrow 94.4 billion yuan ($15.2 billion) from banks, the country's chief auditor said. Commodities such as copper, rubber, soybeans and bullion have commonly been used in China for...

Warri Refinery: Incessant Pipelines Vandalisation Reduces Production Capacity To 60%

BEVERLY HILLS, CA, June 25, (THEWILL) - A major haulage and storage crisis at the Warri Refining and Petrochemical Company Limited, (WRPC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC), is affecting the operations of the refinery, leading to...

Assemblies of God Church: N150m Looted Within 6 Weeks, Alleges Embattled Church Superintendent

SAN FRANCISCO, June 24, (THEWILL) – The embattled General Superintendent of the Assemblies of God Church, Rev Professor Paul Emeka has alleged that over N150 million naira has been looted by the Rev Chidi Okoroafor led executive of the church...

NNPC Sues For Sustenance Of Industrial Harmony

L-R: THE GROUP MANAGING DIRECTOR OF THE NNPC - ENGR. ANDREW LAAH YAKUBU, IN HAND SHAKE WITH THE MINISTER OF LABOUR AND PRODUCTIVITY - CHIEF EMEKA WOGU AND THE PRESIDENT OF PENGASSAN - COMRADE BABATUNDE OGUN, DURING THE 4TH...

South African Miners Return To Work After Wage Deal

Thousands of miners at South Africa's biggest platinum mining firms have returned to work, a day after unions signed a wage deal to end a five-month strike. Employees at Anglo America Platinum, Impala Platinum and Lonmin will have to undergo...