Business

SAN FRANCISCO, June 20, (THEWILL) – The fight against illegal oil bunkering and pipeline vandalism would continue to suffer a setback in the country with inadequate patrol gunboats and other equipment being used by the Nigerian Navy Ship, THEWILL...

Accounting adjustments enabled BlackBerry, the troubled smartphone maker, to report on Thursday a $23 million, or 4 cents a share, profit for its last quarter. Without those noncash changes, however, the company lost $60 million during the period. But the...

Global stocks and emerging market assets rallied on Thursday after the U.S. Federal Reserve signaled that rising inflation won't trigger an interest rate rise any time soon, while Iraq turmoil sent crude oil futures to their highest this year. Following...

Facebook Inc.'s FB.O website crashed briefly on Thursday, temporarily preventing computer and mobile phone users from reaching the site around the globe. During the outage, Facebook users ranging from Australia to South Korea to India and Britain were greeted with...

Ferrari Chairman Luca Cordero di Montezemolo has dismissed press speculation that he could become the next chairman of ailing airline Alitalia once it is rescued by Gulf-based Etihad Airways. "For me there is only Ferrari, to which I am very...

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...