Business

World Stocks Hold At All-Hit Time After Bumper Week

World stocks were enjoying the view at an all-time high on Friday, lifted by a strong week of U.S. economic data and promises from the European Central Bank that cheap money will be sloshing around for years. European shares opened...

N19.2bn Money Laundering: Judge Insists Sylva, Others Must Appear In Court

BEVERLY HILLS, CA, July 03, (THEWILL) - Former Bayelsa State governor, Timipre Sylva, and other accused persons in the N19.2 billion money laundering charge filed against them by the Economic and Financial Crimes Commission (EFCC), must appear in court for...

N10bn Private Jet Probe: Petroleum Minister, NNPC File Fresh Application

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BEVERLY HILLS, CA, July 03, (THEWILL) - As Nigerians await the commencement of the House of Representatives’ probe of the alleged N10billion allegedly spent by Petroleum Resources Minister, Diezani Alison-Madueke, on the charter of private jets, a fresh application filed...

House Shelves Consideration Of N271bn FCTA Budget

BEVERLY HILLS, CA, July 03, (THEWILL) - The House of Representatives Thursday deferred debate on the proposed 2014 budget of the Passage of the Federal Capital Territory Administration (FCTA) until next Tuesday. The resolve to postpone consideration of the budget proposal...

Stock Futures Tick Up Ahead Of Data Flurry

U.S. stock index futures ticked up in light volume on Thursday after the S&P 500 and the Dow industrials closed at a record, ahead of a short session on Wall Street that is packed with economic data. * The key...

U.S. Jobs Data Seen Reinforcing Strong Growth Outlook

U.S. employment growth is expected to have continued at a solid clip in June, which would further dispel fears about the economy's health and underscore its momentum heading into the second half of 2014. Nonfarm payrolls probably increased by 212,000...

Exclusive: Ousted American Apparel CEO Hands Over Stake To Hedge Fund

Ousted American Apparel Inc (APP.A) Chief Executive Officer Dov Charney has handed over his entire stake and voting rights in the struggling retailer to Standard General LP, enabling the fund to negotiate directly with the independent directors over the...

German Private Sector Expands At Slowest Pace In Eight Months In June: PMI

Germany's private sector expanded at the slowest rate in eight months in June, a survey showed on Thursday, as manufacturing lost steam, although Europe's largest economy looked set to post solid growth in the second quarter. Markit's final composite Purchasing...

House Wants Private Firms To Convert To Plc.

SAN FRANCISCO, July 02, (THEWILL) – The House of Representatives Wednesday passed for second reading a Bill to ensure that private companies with total assets exceeding N80 billion should convert to Public Liability Companies (Plcs). The bill, sponsored by Hon. Chris...

Exclusive: State Fund Plans To Take Malaysia Airlines Private For Restructuring: Sources

Malaysian state investor Khazanah Nasional Bhd plans to take Malaysian Airline System Bhd (MAS) private as the first step in a major restructuring of the loss-making airline following the disappearance of its Flight MH370, two people with direct...
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Tinubu Doesn’t Live Large — NRS Boss Fires Back At Critics, Says President Walks To Work, Eats Once Daily, Debunks $279m Fraud Allegation

Describing the allegations as entirely false, Adedeji said they were the handiwork of individuals determined to discredit him and weaken public confidence in the Tinubu administration.
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