Business

The Trans Nigeria Pipeline that carries Nigeria's Bonny Light crude oil to an export terminal has been shut down since May 12, a Shell spokeswoman said on Thursday. Neither the reason for the shut down nor its expected duration were...

Japan's Sharp Corp said it had secured a $1.9 billion bailout, its second major bank-led rescue in three years, after falling deep into the red as its smartphone display business was battered by competition from Asian rivals. But while new...

Wall Street was set to open higher on Thursday as weekly jobless claims fell, suggesting that the labor market was on solid footing even as the economy struggles to regain momentum. Initial claims for state unemployment benefits slipped 1,000 to...

SAN FRANCISCO, May 13, (THEWILL) – Former Governor of the Central Bank of Nigeria (CBN) and the Emir of Kano, Muhammadu Sanusi II, who is also known as Sanusi Lamido Sanusi, Wednesday said the PwC indicted the NNPC following...

African businessman and philanthropist, Tony O. Elumelu has proposed a new entrepreneur-led development model for Africa at two high profile events in Washington DC. Mr. Elumelu, who is Chairman of United Bank for Africa, and Founder, Tony Elumelu Foundation, spoke...

Delta Air Lines Inc (DAL.N) announced a new $5 billion share buyback program and raised its quarterly dividend, aimed at returning more than $6 billion to shareholders through 2017. Delta shares rose 2.6 percent to $47.30 in trading before the...

Nissan Motor Co (7201.T), Japan's second-biggest automaker, said it expects operating profit to climb 15 percent this financial year, forecasting vehicle sales growth in most regions and promising large cost cuts. That follows robust earnings in the year just ended...

China's money supply grew at its slowest pace on record and investment growth sank to its lowest in nearly 15 years as April data showed the world's second-largest economy was still losing momentum despite a concentrated burst of policy...

BEVERLY HILLS, May 12, (THEWILL) – The Central Bank of Nigeria (CBN) has fined five commercial banks for contravening the Banks and Other Financial Institutions Act in 2014. GT Bank, Zenith Bank, First City Monument Bank (FCMB), Access Bank and...

Despite the positives for business aviation across Africa, there are still a number of challenges. Ian Sheppard, editor, African Aerospace, moderated a panel session looking at the industry. The panel comprised Achuzie K Ezenagu, CEO, Toucan Aviation, Nigeria (pictured); Nuno...