Business

Aluminum giants Alcoa Inc and Novelis Inc spent decades wooing Detroit's automakers to toss out their heavy steel vehicle bodies and overhaul their factories in order to mass produce vehicles made out of lighter aluminum. This year, with Ford Motor...

... NNPC Seeks Expansion Of Nigeria’s Gas Market At WPC 2014 SAN FRANCISCO, June 17, (THEWILL) – India has replaced the United States of America as the largest importer of Nigeria’s crude with China and Malaysia following closely. The US which...

Liechtenstein’s government has agreed to return to Nigeria €167m linked to the late General Sani Abacha, ending the country’s longest running battle to recover money that the late military dictator laundered through European banks. Nigeria first requested Liechtenstein’s assistance in...

… Minister Approves Oando $1.65 Billion Asset Acquisition BEVERLY HILLS, CA, June 18, (THEWILL) – Oando PLC, Nigeria’s leading indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchange has received ministerial consent for its $1.65 billion acquisition of...

The dollar held firm on Wednesday after a surprisingly high reading for U.S. inflation raised expectations that Federal Reserve Chair Janet Yellen could strike a more hawkish tone on the monetary policy outlook. The risk of a faster U.S. policy...

JPMorgan Chase & Co was again ranked the top investment bank by revenue in the first quarter with $5.9 billion, according to a new survey published on Wednesday. In a repeat of the previous year's results, the U.S. bank came...

T-Mobile US Inc (TMUS.N) is hedging its bets by offering to buy spectrum from smaller rivals in case the takeover by Sprint Corp (S.N) falls through, the New York Post reported, citing a source familiar with the situation. The company...

SAN FRANCISCO, June 17, (THEWILL) – The pipelines attached to the Atlas Cove Depot of the Pipelines and Petroleum Marketing Company (PPMC) went up in flames late Tuesday night after thieves attacked the lines to steal petroleum products. THEWILL however gathered...

U.S. stocks bounced back from earlier declines Tuesday to gain modestly as investors shrugged off weaker-than-expected housing data and the latest flaring of tensions in Iraq, and as the Federal Reserve began a two-day policy meeting. Housing starts and building...

The French government raised the stakes in the battle for engineering group Alstom on Tuesday, telling rival suitors General Electric (GE) and Siemens to come up with better offers. President Francois Hollande's government has given itself the power to veto...