Business

BEVERLY HILLS, January 21, (THEWILL) – The Federal Government is targeting to earn an additional two billion dollars, N394 billion, from non oil exports within the 2016 fiscal period. The Managing Director, Nigerian Export-Import Bank (NEXIM), Mr Robert Orya, disclosed...

Verizon Communications Inc reported better-than-expected quarterly revenue as heavy promotions helped it to check customer defections and subscriptions rose for the carrier's high-speed Internet service. The No. 1 U.S. wireless service provider's shares rose 1.1 percent to $44.90 in premarket...

China's fragile stock markets ended sharply lower on Thursday as oil prices failed to sustain a bounce from 13-year lows and other Asian markets went into reverse. With tumbling oil prices indicative of slowing global growth, in which China plays...

BEVERLY HILLS, January 20, (THEWILL) – The naira on Wednesday closed stable against the dollar at all segment of foreign exchange (FX) market. At the Bureau De Change (BDC) segment and parallel market, the naira closed at N296/$ and N298/$,...

Royal Dutch Shell has reported a sharp drop in profits just a week before shareholders vote on its planned takeover of smaller rival BG Group. For the fourth quarter it expects profits of $1.6bn to $1.9bn, less than half the...

Computing giant Microsoft has pledged to provide $1bn-worth (£700m) of cloud computing resources to organisations it deems to be working for the "public good". The resources will be shared out over the next three years to about 70,000 non-profits and...

Confectionery giant Nestle will appeal against a High Court decision that denies it the right to trademark its four-fingered KitKat in the UK. It is the latest ruling in a long running battle with Cadbury. Nestle wants to stop rivals producing...

The UK unemployment rate has fallen to its lowest rate in more than a decade but wage growth has slowed. The rate hit 5.1% in the three months to November - its lowest rate since the three months to October...

Stock markets worldwide have tumbled with investors unsettled by the continued slide in oil prices and fears about the impact on global growth. On Wall Street the Dow Jones and S&P 500 were 2% lower in early trading, while the...

International Business Machines Corp's shares touched a five-year low on Wednesday, a day after the company forecast weak earnings, underscoring challenges in its software business as it transitions to new growth areas. The company's shares were down 6 percent at...