Business

BEVERLY HILLS, May 18, (THEWILL) – Guaranty Trust Bank (GTB) has been ordered to pay back a whopping N5.3bn it illegally pulled out of a customer’s account. A High Court of the Federal Capital Territory (FCT) sitting in Apo, Abuja issued...

BEVERLY HILLS, May 18, (THEWILL) – The legal battle between two oil companies, Chevron and Britania-U, over oil mining assets OML52, OML 53 and OML 55 got to a peak Monday as the Supreme Court asked the two companies to...

BEVERLY HILLS, May 18, (THEWILL) – Nigeria’s largest cement producer, Dangote Cement, has announced a gross profit of N74.7 billion for the three months ended 31st March 2015, indicating an increase of 10.5 percent over N67.63 billion recorded in the...

SAN FRANCISCO, May 18, (THEWILL) – Indigenous oil company, Aiteo, Sunday said it has not defaulted in its contractual obligations to the Nigerian National Petroleum Corporation (NNPC) with regards to Oil Mining Lease (OML) 29 and the Offshore Processing...

A U.S. appeals court on Monday reversed part of a $930 million verdict that Apple Inc (AAPL.O) won in 2012 against Samsung Electronics Co Ltd (005930.KS), saying the iPhone maker's trademark-related appearance could not be protected. In a highly anticipated...

Chipmakers Intel Corp (INTC.O) and Altera Corp (ALTR.O) have resumed talks on a possible deal that could top $13 billion, the New York Post reported. Earlier discussions on a deal fell through as the companies were unable to agree on...

When it comes to fighting fakes, Alibaba's head of internet security says cooperation beats the courtroom any day. Ni Liang, who runs the Hangzhou, China-based company's anti-counterfeiting operations, was speaking to Reuters days after Gucci, Yves Saint Laurent and other...

Oil prices firmed on Monday after a major advance by Islamic State militants in Iraq. Islamic State overran the western city of Ramadi in the biggest defeat for the Baghdad government since last summer. Front-month Brent futures LCOc1 were up 7...

As China's economy slows and Beijing becomes more relaxed about letting its companies fail, a rising number of foreign bondholders risk being caught up in the country's unpredictable court system. Last month, solar producer Baoding Tianwei Baobian Electric (600550.SS) became...

The Obama administration has been locked in internal wrangling over what position to take in high profile litigation between two American technology giants, Google and Oracle, according to multiple sources familiar with the discussions. It faces an end-of-May deadline...