Business

The president of the European Parliament has urged lawmakers to support a trade deal between Europe and the United States, telling them that setting up a new European court to settle trade disputes could overcome public resistance to the...

SAN FRANCISCO, June 30, (THEWILL) – Former Coordinating Minister of the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, has denied spending without authorisation $2.1 billion from the Excess Crude Account, saying the Federation Accounts Allocation Committee (FAAC) approved...

BEVERLY HILLS, June 30 (THEWILL) – The Central Bank of Nigeria (CBN) has extended the Bank Registration Verification (BVN) deadline to Oct. 31, to accommodate customers who had thronged the banks to beat this week’s deadline. The extension was announced Tuesday...

Nigeria's Oando has agreed to sell a 60 percent stake in its downstream business to Vitol and Helios Investment Partners for $276 million, the energy company said on Tuesday. Oando, which is shifting away from being a marketer of refined...

EU authorities made a last-minute offer to salvage a bailout deal that could keep Greece in the euro as the clock ticked down on Tuesday, with Germany warning that time had run out to extend vital credit lines to...

Microsoft Corp (MSFT.O) said on Monday it will hand over its display advertising business to AOL Inc and sell some map-generating technology to ride-hailing app company Uber, as it slims down its money-losing online operations. The moves mean Microsoft will...

… Raises 4-man Committee To Verify Accruals, Withdrawals From Federation, Excess Crude Accounts SAN FRANCISCO, June 29, (THEWILL) – Following revelations that state owned Nigerian National Petroleum Corporation (NNPC) earned N8.1 trillion, remitted only N4.3 trillion into the account of...

SAN FRANCISCO, June 29, (THEWILL) – The Nigerian naira on Monday fell sharply against the United States dollar trading at N226 - $1 in the parallel market (black market) from its close of N220 last week. Forex dealers, who spoke...

SAN FRANCISCO, June 29, (THEWILL) – Mr. Mordecai Danteni Baba Ladan has been appointed as the new Director of the Department of Petroleum Resources (DPR) by the President Muhammadu Buhari led federal government. Ladan, whose appointment takes immediate effect succeeds...

The borrowing cost on a key source of overnight loans for Wall Street rose on Monday as a breakdown in talks between Greece and its creditors caused a mad dash for cash to fund trades in advance of the...