Business

Nigeria's oil minister said on Tuesday that a "couple" of members of the Organization of the Petroleum Exporting Countries (OPEC) had requested an emergency meeting, adding that current market conditions support the need to hold such a gathering. Benchmark Brent...

Oil prices have been volatile again, hit by continuing oversupply, the strong dollar and weak global demand. Some members of the Opec group of oil producers are calling for an emergency meeting to discuss reducing output. Opec president Emmanuel Ibe Kachikwu...

SAN FRANCISCO, January 12, (THEWILL) – The January 2016 Global Economic Prospects released by the World Bank has forecast that Nigeria’s economic growth index would hit 4.6 per cent in 2016, noting that weak growth among major emerging markets...

BEVERLY HILLS, January 11, (THEWILL) – The Naira on Monday depreciated significantly against the Dollar after the Central Bank of Nigeria (CBN) stopped foreign exchange (FX) sale to Bureau De Change (BDC) operators. The apex bank discontinued its sales of...

Investors who were bloodied in the year-opening stock rout will be hard pressed to find any salve next week. With prospects dimming for a strong start to earnings season, and worries about slow growth in China continuing to overhang the...

Pfizer Inc (PFE.N), which plans a $160-billion merger with Ireland-based Allergan Plc (AGN.N) to slash its U.S. tax bill, on Jan. 1 raised U.S. prices for more than 100 of its drugs, some by as much as 20 percent,...

The European division of General Motors (GM.N) was still loss-making in 2015, but hopes to return to profit this year, the division's chief executive told a German magazine. General Motors had previously set a target for its European operations, which...

As part of a broader makeover, and even the survival, of its stalled luxury Acura brand, Japan's Honda Motor Co (7267.T) will launch a new small crossover sport utility vehicle this year in China to compete with BMW (BMWG.DE)...

Volkswagen (VOWG_p.DE) is unlikely to face U.S.-style fines in Europe over its emissions scandal because of a softer regulatory regime and its home country Germany's determination to protect its car industry, EU sources and legal experts say. The carmaker has...

BEVERLY HILLS, January 08, (THEWILL) – First Bank of Nigeria Limited, a subsidiary of FBN Holdings plc, has unveiled a major expansion, FBNBank Senegal, formerly registered as International Commercial Bank (ICB). This unveiling is part of the integration process following...