Business

BEVERLY HILLS, February 15, (THEWILL) – The naira on Monday depreciated in value to a record low of N347/$ at the parallel market following increased demand, which outstrips supply of foreign exchange (FX), according to THEWILL investigation. Specifically, the local...

HSBC Holdings (HSBA.L) (0005.HK) could move around 1,000 employees from London to Paris in the event that Britain votes to leave the European Union, the bank's Chief Executive Stuart Gulliver was quoted saying by Sky News on Monday. The staff...

U.S. investment fund Elliott said on Monday it still considers Hitachi's revised offer to buy out minority shareholders in Italian train signaling group Ansaldo STS (STS.MI) too low and does not plan to tender its stake. Hitachi was forced by...

Royal Dutch Shell (RDSa.L) on Monday sealed the $53 billion (36 billion pounds) acquisition of British rival BG Group to form the world's top liquefied natural gas company, even as slumping oil prices cast a shadow on the upcoming...

BEVERLY HILLS, February 14, (THEWILL) – The pressure on the naira is expected to continue this week at the autonomous, Bureau De Change (BDC) segment and parallel market following dollar scarcity and dollar demand policy by the Central Bank...

Amazon Web Services, the cloud computing arm of Amazon.com Inc (AMZN.O), said it has acquired NICE, a software developer for technical computing. The company said it has signed an agreement with NICE, which is also a cloud computing firm, and...

British luxury fashion brand Burberry (BRBY.L) is to face a class action lawsuit in the United States, claiming it used misleading price tags at its outlets stores to fool shoppers into believing they were getting big bargains. The company, which...

...Divestment by foreign investors, school fees account for bulk of dollar demand ...Banks seek to cut forex provisions for school fees ...Oshiomhole backs Buhari on naira devaluation Obinna Chima, Shola Oyeyipo in Lagos and James Emejo in Abuja Following the consensus reached by...

SAN FRANCISCO, February 11, (THEWILL) – The naira on Thursday witnessed the all-time-high level of depreciation against the dollar, in recent times, as scarcity of foreign exchange (FX) persists in the markets, according to THEWILL investigations. The naira weakened by...

Morgan Stanley (MS.N) is poised to pay $3.2 billion to settle federal and state charges that it misled investors in residential mortgage-backed securities that later soured during the financial crisis, the New York Attorney General's office said on Thursday. The...