Business

Nissan Says Brexit Deal Will Determine Future UK Plant Investment: BBC

The chief executive of Japanese carmaker Nissan (7201.T) said future investment decisions about Britain's biggest car plant will depend on the terms of a Brexit deal struck with the European Union on customs, trade and free movement of goods. Nissan's...

Futures Rise Ahead Of Crucial Jobs Report

U.S. stock index futures were higher on Friday as investors awaited monthly payroll numbers to gauge the health of the economy and the likely timing of the next interest rate hike. The report from the U.S. Labor Department is expected...

Facebook To Let Emerging Market Companies Sell Through Their Pages

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Facebook Inc is to let small businesses in emerging markets sell to customers for free directly through their Facebook pages, the social media company said on Wednesday, marking a new effort to build up potential advertisers in its fastest-growing...

Worldremit Calls For Urgent Restoration Of Money Transfers To Nigeria

Online remittance provider WorldRemit is calling for the urgent restoration of money transfers to Nigeria as draconian new rules leave virtually all money transfer operators (MTOs) unable to provide services to the West African country. Only three companies – Western...

Samsung Unveils Iris-Reading Note 7 To Keep Apple At Bay

After extending its lead over Apple Inc. in the global smartphone market with the Galaxy S7, Samsung Electronics Co. is now trying to keep that spirit alive before a new iPhone arrives. The South Korean company announced the latest iteration...

NSE Market Capitalisation Sheds N4bn

BEVERLY HILLS, AUGUST 2, (THEWILL) - The market capitalisation on the Nigerian Stock Exchange (NSE) on Tuesday dropped marginally by N4 billion to close at N9.56 trillion. The loss represented 0.04 per cent when compared with N9.56 trillion posted on...

Oil Retreat Punishes Global Stocks

Global stocks were left vulnerable to losses during trading on Tuesday following the hefty decline in oil prices which weighed heavily on global sentiment consequently souring investor risk appetite. Asian markets descended into the red territory with Japanese shares...

Wall Street Opens Lower; Pfizer Weighs On Dow

Wall Street opened lower on Tuesday after Pfizer's tepid forecast and weak U.S. economic data disappointed investors. Dow component Pfizer (PFE.N) reported revenue and profit above analysts' estimates, but maintained its previous forecast for the year, sending its shares down...

Oil Rises 2 Percent But Oversupply Concerns Remain

Oil rose more than 2 percent on Tuesday after falling by around $4 a barrel in one week, but investors remained concerned about oversupply weighing on prices. Global fuel inventories are brimming as refineries have churned out huge volumes of...

Nigeria Tells Banks To Make Extra Provisions On Dollar Loans Immediately

Nigeria's central bank has told commercial lenders to set aside extra provisions against their dollar loans immediately in the wake of the sharp fall in the naira. The local currency has dropped 40 percent since June, when Nigeria ditched its...