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40% Of Bank Deposits In Nigeria Are Now In Dollars – Research

SAN FRANCISCO, September 30, (THEWILL) - A research by Coronation Asset Management has discovered that many investment banks are floating dollar funds, giving depositors and savers the opportunity to hedge against naira depreciation. Head of Research at Coronation Asset Management, Guy...

Estate Residents Can’t Be Compelled To Pay Dues, Federal Court Rules

SAN FRANCISCO, September 30, (THEWILL) - Nigerians who live in residential estate cannot be compelled to be a member of the Community Development Association (CDA) popularly known as residents’ association of estate, Federal High Court, Ikoyi, Lagos, has ruled. The...

NERC Formally Orders Power Distribution Companies To Suspend Electricity Tariff Hike For 2 Weeks

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SAN FRANCISCO, September 29, (THEWILL) - The Nigerian Electricity Regulatory Commission, NERC on Tuesday formally ordered electricity distribution companies popularly called Discos to suspend for two weeks the hike in electricity tariffs, which was implemented on September 1, 2020,...

I Don’t Regret Chairing Presidential Panel Probing EFCC, Magu – Justice Salami

BEVERLY HILLS, September 29, (THEWILL) – Former President of Court of Appeal, Justice Isa Ayo Salami has described as false and mischievous, reports circulating about his purported regret as the chairman of the Judicial Commission of Inquiry Investigating the suspended...

P&ID: UK Court Orders Release Of $200m Deposit To Nigeria

BEVERLY HILLS, September 29, (THEWILL) – A commercial court in London has ordered the release of the $200 million used as a deposit in the case against Process & Industrial Development (P&ID) to the Nigerian government. The Governor of Central Bank...

JUST IN: President Buhari To Submit 2021 Budget Next Week –Senate

BEVERLY HILLS, September 29, (THEWILL) – President Muhammadu Buhari is expected to submit the 2021 budget to the Senate next week. Senate President Ahmed Lawan disclosed this while delivering his welcome address to legislators at plenary on Tuesday. With the new development,...

Alleged Diversion Of School Feeding Funds: Minister Challenges ICPC, Dares Commission To Publish Names, Details of Accounts

BEVERLY HILLS, September 29, (THEWILL) – The Minister of Humanitarian Affairs, Disaster Management and Social Development, Hajiya Sadiya Umar Farouq has challenged the Independent Corrupt Practices and Other Offence Commission, ICPC to publish the names of persons, federal colleges...

Kaduna: Elzakzaky, Wife Arrive State High Court As Authorities Deploy Armed Security Personnel

BEVERLY HILLS, September 29, (THEWILL) – Leader of the Islamic Movement in Nigeria, Ibrahim El-Zakzaky and his wife Zeenat have arrived at the Kaduna state High Court in the state capital. The day’s session is expected to deliver ruling in...

THEWILL EDITORIAL: Kano – Niger Rail Project Of Controversy

BEVERLY HILLS, September 28, (THEWILL) – There is, no doubt, that this, indeed, is a season of "denials" for Nigerian public officials. The manner in which some of them rush to deny what is already obvious is, however, not only...

ICPC Uncovers N2.67bn School Feeding Cash In Private Accounts

SAN FRANCISCO, September 28, (THEWILL) - The Independent Corrupt Practices and Other Related Offences Commission (ICPC) says it has uncovered the diversion of part of the N2.67 billion payments made to some Federal Colleges for school feeding during the...