Business

SAN FRANCISCO, August 01, (THEWILL) – President Goodluck Jonathan Friday approved a new Group Managing Director (GMD) for the Nigerian National Petroleum Corporation (NNPC) and a new Managing Director for Nigerian Petroleum Development Company (NPDC). A release by Reuben Abati, the...

SAN FRANCISCO, August 01, (THEWILL) – President Goodluck Jonathan Friday commended the Chairman, Dangote Group, Alhaji Aliko Dangote, for investing $1billion in rice production in the country. The President made the commendation during the signing of the $1 billion Rice Investment...

Part-nationalised British lender Royal Bank of Scotland (RBS.L) said on Friday it had placed restrictions on its lending in Russia following developments in Ukraine. The European Union cut off financing for five major Russian banks on Thursday over Moscow's support...

Activity in China's vast factory sector expanded at the fastest pace in 27 months in July, while industry surveys across Asia showed a pick up in export orders that hinted at a long-awaited revival in global trade. China's official manufacturing...

U.S. Secretary of State John Kerry told Prime Minister Narendra Modi on Friday that India's refusal to sign a global trade deal sent the wrong signal, and he urged New Delhi to work to resolve the row as soon...

MasterCard Inc, the world's second-largest debit and credit card company, posted a better-than-expected 10 percent rise in quarterly profit, as more customers used its cards to make purchases. MasterCard shares were up 2.8 percent at $78 in trading before the...

Time Warner Cable Inc, the second-largest U.S. cable operator, lost more video subscribers in the second quarter compared with the previous quarter. Most cable companies have been shedding video subscribers over the past few years, losing them to satellite and...

DirecTV (DTV.O), the No.1 U.S. satellite TV provider, reported quarterly revenue above analysts' estimates as the soccer World Cup helped it add subscribers in Latin America and prices increased in the United States. The company added 543,000 subscribers in Latin...

BEVERLY HILLS, July 30, (THEWILL) - Oando Energy Resources Inc, a company focused on oil and gas exploration and production in Nigeria, Wednesday announced the successful completion of its acquisition of the Nigerian Upstream Oil and Gas Business of ConocoPhillips...

SAN FRANCISCO, July 30, (THEWILL) – The House of Representatives committee on Local Content Wednesday raised the alarm over alleged illegal operations of a Korean firm, Hyundai Heavy Industries Co. Nigeria Limited. The Korean company according to the chairman of the...