Business

Brewer Anheuser-Busch InBev (ABI.BR) is set to win conditional EU approval for its $100 billion-plus takeover of SABMiller (SAB.L) after agreeing to substantial asset sales, three people familiar with the matter said on Friday. The Belgium-based maker of Budweiser, Corona...

BEVERLY HILLS, May 20, (THEWILL) – The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele said N55.46 billion was disbursed to 24 power firms as electricity market stabilization facility. Emefiele said this at the 4th tranche disbursement...

Global stocks overlooked the resurgence in oil prices with most major stocks tumbling to fresh six week lows during trading on Thursday as market participants braced over the possibility that the Federal Reserve could raise rates in Q2. This...

Oil fell below $48 a barrel on Thursday, pressured by a stronger dollar and as a surprise increase in U.S. crude inventories served as a reminder that supply remains ample despite output problems. Supply losses in Canada and Nigeria have...

The difference in yield between prime and government money market funds has widened by 6 basis points since January, according to data released on Wednesday, in a trend expected to accelerate as investors prepare for new rules being rolled...

Explosive levels of volatility rattled the financial markets during trading on Wednesday following the shockingly hawkish FOMC meeting minutes which renewed expectations over the Federal Reserve raising US rates in Q2. It was even more surprising when the minutes...

BEVERLY HILLS, May 18, (THEWILL) – The Naira on Wednesday appreciated further against the dollar at the parallel market. The News Agency of Nigeria (NAN) reports that the Nigerian currency traded between N340 and N341 to a dollar at the...

Oil prices steadied on Wednesday, pausing from the 2016 highs hit in the previous session, as investors awaited government data on U.S. crude stockpiles that analysts said may be crucial in determining whether a two-day rally is extended. The market...

A former London-based JPMorgan (JPM.N) foreign exchange sales person is suing the Wall Street bank for unfair dismissal, according to a court filing released on Wednesday. Patrice Ktorza is scheduled to appear at the Stratford Employment Tribunal on June 1. In...

Wall Street opened lower on Wednesday as a fall in retail shares weighed ahead of the release of minutes from the Federal Reserve's April meeting. Shares of Target (TGT.N) were down 8.3 percent at $67.50 after its quarterly sales missed...