Business

BEVERLY HILLS, June 17 (THEWILL) – The Dangote Foundation – the global philanthropic arm of Dangote Industries Limited has donated $1million to the government of the earthquake-hit Federal Democratic Republic of Nepal as humanitarian aid and disaster relief for...

SAN FRANCISCO, June 17, (THEWILL) –  ECOWAS on Wednesday in Abuja assured that its plan to introduce a single currency in the region by 2020 was on track. The acting Director, Directorate of Multilateral Surveillance of the union, Dr. Nelson...

U.S. stock index futures inched up on Wednesday but investors remained cautious ahead of a Federal Reserve statement that could provide hints on the timing of a rate hike. * Investors will scour the statement after a U.S. Federal Reserve...

Package delivery firm FedEx Corp (FDX.N) on Wednesday reported a quarterly net loss due to a $2.2 non-cash pretax charge related to a move to mark-to-market accounting for employee pensions. The Memphis-based company reported a fiscal fourth-quarter loss of $895...

Volkswagen's (VOWG.DE) chief executive told staff on Wednesday of a coming reorganisation of Europe's biggest carmaker in the wake of the departure of its chairman. "Volkswagen has to make its management structure fit for the future," Martin Winterkorn told around...

BEVERLY HILLS, June 16 (THEWILL) – Eleven ships laden with petroleum products and food items have arrived Lagos ports and awaiting to berth, the Nigerian Ports Authority’s (NPA) daily publication ‘Shipping Position’ said Tuesday. The document stated that three of...

Nestle says it will destroy more than $50m (£32m) worth of its hugely popular Maggi noodles, following a ban imposed by India's food safety regulator. India's food safety regulator says tests have found the instant noodles "unsafe and hazardous" and...

Prime Minister Alexis Tsipras told opposition leaders on Tuesday that disagreements among international lenders were to blame for an impasse in negotiations, sticking to a hard line that has brought Greece to the brink of default. Financial markets, long undisturbed...

U.S. stock index futures were lower on Tuesday as investors were cautious ahead of a two-day Federal Reserve meeting and as the Greek debt crisis showed no signs of abating. * The central bank is unlikely to raise rates at...

BEVERLY HILLS, June 15 (THEWILL) – The Nigerian government should start selling off its stakes in oil joint ventures with foreign partners to ease the funding issues and leakage of cash due to corruption and waste which have impeded...