Business

SAN FRANCISCO, November 06, (THEWILL) – The Naira on Friday depreciated further at the parallel market as buyers of forex boycotted Bureau de Change Operators (BDCs). The naira on Friday afternoon lost N4 to the dollar as it exchanged for...

When Nigeria failed to trace owners of SIM cards used by kidnappers of a prominent politician in September, it was the final straw for the west African country after what it called a string of violations by telecoms firm...

The New York attorney general has launched an investigation into whether Exxon Mobil Corp (XOM.N) misled the public and shareholders about the risks of climate change. Attorney General Eric Schneiderman subpoenaed the company on Wednesday evening, demanding extensive financial records,...

The dollar was at three-month high on Friday and world shares headed for their fifth of six weeks of gains, ahead of U.S. jobs data expected to nudge the Federal Reserve towards its first interest rate hike in almost...

Japan's Toshiba, struggling with a major accounting scandal, is trying to sell down a $7.4 billion commitment to U.S. liquefied natural gas (LNG), which it signed two years ago as part of a plan to sweeten sales of turbines...

BEVERLY HILLS, November 05, (THEWILL) – On account of economic slowdown and investment apathy towards stock market investing, trading volumes and value slumped at the 13 branch offices of the Nigeria Stock Exchange (NSE) by 28 and 34 percent...

The dollar surged to a three-month high and European and Asian stock markets dipped on Thursday as expectations hardened of the first rise in U.S. interest rates in almost a decade coming next month. Federal Reserve chief Janet Yellen and...

German sportswear company Adidas (ADSGn.DE), trying to muscle into Nike's (NKE.N) home territory, plans to increase spending on marketing again after high-profile sponsorship deals and celebrity partnerships helped rekindle U.S. sales. Adidas said it would seek to build on its...

The head of Lufthansa's (LHAG.DE) main cabin crew union said strikes at the carrier are now "unavoidable", after the union reviewed the latest proposals on pensions and early retirement benefits from management. Lufthansa is negotiating with various staff groups as...

SAN FRANCISCO, November 05, (THEWILL) – Oando Energy Resources Inc., a company focused on oil and gas exploration and production in Nigeria, Wednesday announce a $91 million upsizing of its senior secured facility (the “RBL Upsize”) from $215 million...