Business

Naira Holds Firms As BDCs Look Unto CBN

BEVERLY HILLS, January 18, (THEWILL) – The naira on Monday strengthened against the dollar as the Bureau De Change operators (BDCs) await a circular from the Central Bank of Nigeria (CBN) on how to get supply from international oil...

Oil Hits 2003 Low Below $28 As Iran Sanctions Lifted

Oil prices reached a 2003 low below $28 per barrel on Monday as the market braced for a rise in Iranian exports after the lifting of sanctions against Tehran over the weekend. The United States revoked sanctions that had cut...

OPEC Sees Oil Market Rebalancing In 2016, But Iran To Counter Non-OPEC Decline

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OPEC forecast on Monday that oil supply from non-member countries will post a larger-than-expected decline this year due to the collapse in prices, boosting the need for crude from the producer group. Supply outside the Organization of the Petroleum Exporting...

Apple European Headquarters Briefly Evacuated By Police

Apple's (AAPL.O) European headquarters in Ireland was briefly evacuated on Monday while police searched the premises following a security alert that staff said had been completed and they had returned to work. Irish police, who were assisting in searches with...

Whatsapp Drops $1 Subscription, Studies Making Businesses Pay

WhatsApp, the world's most popular messaging service, is dropping its token $1 a year subscription fee for consumers as it experiments with making businesses pay to send notifications to consumers, Chief Executive Jan Koum said on Monday. The seven-year-old company,...

IAG Says Its A380 Options Too Expensive, Looking To Lease Second Hand

British Airways owner IAG (ICAG.L) is holding talks on leasing additional A380s second hand because it believes the options it has to buy more of the Airbus superjumbo are too expensive, its chief executive said on Monday. The move is...

EU Fruit Growers Look To U.S. Market To Offset Russian Sanctions

European fruit growers could be able to export apples and pears to the United States later this year, the EU executive said on Saturday, following the publication of new U.S. rules. European Union producers, hit by Russian sanctions against them...

China’s Economy Grew By Around 7 Percent In 2015, Services Made Up Half Of GDP – Premier

China's gross domestic product (GDP) totaled more than $10 trillion in 2015 and the economy grew by around 7 percent, with the services sector accounting for half of GDP, Premier Li Keqiang said on Saturday. The premier also said that...

Bond King Musical Chairs: Gundlach Replaces Gross At Barron’s Roundtable This Month

NEW YORK - In recent years, bond investor Jeffrey Gundlach has been outperforming his rival Bill Gross. He has even been dubbed the "Bond King" by the media - a title Gross has held for many years. Now, Gundlach...

Nigerian Stock Exchange Loses Whooping $30bn

SAN FRANCISCO, January 15, (THEWILL) –The Nigerian capital market has lost over $30bn from July 2014 to date, the Chief Executive Officer, Nigerian Stock Exchange, Mr. Oscar Onyema, has revealed. Onyema disclosed this at the NSE 2015 Market Recap and...