Business

... Says No Cause for Alarm, Matter Already Resolved BEVERLY HILLS, May 25, (THEWILL) – The Management of the Nigerian National Petroleum Corporation, NNPC has provided explanations on the reported award of N95bn compensation by French Court against the Corporation...

BEVERLY HILLS, May 25, (THEWILL) – In furtherance of its expansion plan in Africa leading Cement manufacturer, Dangote Cement Plc will next week Thursday commission its 2.5million mtpa cement plant in Ethiopia as the company inches towards the mark...

BEVERLY HILLS, May 25, (THEWILL) –  African businessman and philanthropist Tony Elumelu has called on business leaders to make decisions that will increase economic and social wealth, and promote development in the communities and nations in which they operate. Mr....

SAN FRANCISCO, May 25, (THEWILL) –  As Nigerians continue to groan under the pains of fuel scarcity due to the strike embarked upon by oil importers and marketers, the Federal Government weekend described the claims being put forward as...

US tech giant Hewlett-Packard is selling a 51% stake in its Chinese server business for $2.3bn (£1.4bn) to Tsinghua Holdings. The deal brings together HP with the investment arm of China's Tsinghua University in a joint venture called H3C, worth...

The EU has agreed a €1.8bn (£1.3bn; $2bn) loan to Ukraine - described as a landmark deal for a non-EU member. The agreement was signed at an EU summit in Riga, Latvia, with the leaders of six post-Soviet nations. The loan...

U.S. stocks fell in late morning trading on Friday, retreating from recent record highs, as investors await Federal Reserve Chair Janet Yellen's economic outlook for clues on the timing of a rate hike after new data showed a rise...

French telecommunications group Altice SA is talking to several banks about raising debt for a potential bid for Time Warner Cable Inc, the second-largest U.S. cable operator, according to people familiar with the matter. The talks are an important step...

BEVERLY HILLS, May 21, (THEWILL) – The Securities and Exchange Commission (SEC) has suspended BGL Asset Management Ltd, BGL Capital Ltd and BGL Securities Ltd from all capital market activities. This is contained in a statement made available in Lagos...

Deutsche Bank’s (DBKGn.DE) two chief executives faced down a storm of shareholder criticism on Thursday by conceding that their performance had fallen short and asking the bank’s owners for continued backing as they cut costs and reshape strategy. Pressure on...