Business

Banks will return 11.401 billion euros ($15.78 billion) in crisis loans to the European Central Bank next week, more than six times than the amount that was expected, accelerating the drain of extra cash out of the euro zone...

...As Nigeria loses N200bn annually to medical tourism BEVERLY HILLS, March 06, (THEWILL) –  The chairman of the National Population Commission (NPC), Mr. Eze Duru-Iheoma, Thursday disclosed that the sum of N17 billion would be needed by the Commission for...

World shares rose on Thursday, supported by diplomatic efforts to cool the crisis in Ukraine, while the euro held steady on speculation the European Central Bank would ease monetary policy later in the day. The ECB was expected to keep...

the largest U.S. office supplies retailer, forecast a fall in current-quarter sales as it loses customers to mass market chains and e-retailers, and the company said it would close up to 225 stores in North America by 2015. Staples' shares...

Morgan Stanley (MS.N) has sold its majority stake in Accelerate Acquisitions, the parent company of British car provider Zenith, to UK private equity fund HgCapital for 3.8 times its original investment. Morgan Stanley said on Thursday that the sale by...

SAN FRANCISCO, March 05, (THEWILL) - The Economic and Financial Crimes Commission (EFCC) Wednesday appealed to the House of Representatives to appropriate adequate funds for the completion of its headquarters in Abuja. EFCC chairman, Mr. Ibrahim Lamorde, made the appeal...

BEVERLY HILLS, March 05, (THEWILL) – The All Progressives Congress (APC) has urged the Federal Government to level up with Nigerians on the reasons for the ongoing debilitating fuel scarcity that has further compounded the pains of Nigerians. In a...

Commodity trader and miner Glencore (GLEN.L) confirmed on Tuesday its interest in buying oil assets that oil major Shell (RDSa.L) is selling in Nigeria. A source said last month that Glencore and commodity trading house Mercuria were among the short-listed...

Barclays (BARC.L), Deutsche Bank (DBKGn.DE) and three other banks have been accused in a lawsuit of manipulating the London gold fix, a benchmark used throughout the $20 trillion market for the metal, Bloomberg reported. Kevin Maher, a New York resident...

Sometime soon, maybe in the next month or so, a federal judge is expected to decide whether the creation of the world's biggest passenger airline, as envisioned by two companies and the U.S. Justice Department, was really a good...