Business

The Central Bank of Nigeria’s (CBN) Governor, Godwin Emefiele, ruled out on Thursday a naira devaluation and told people not to panic about the government shifting its bank accounts to the central bank, a move that drains billions of...

Citigroup Inc (C.N) expects its third-quarter markets revenue to fall by about 5 percent from a year earlier, Chief Financial Officer John Gerspach said on Wednesday. The decline largely stems from a strong comparable performance in September 2014 in its...

Package delivery company FedEx Corp (FDX.N) posted a higher quarterly profit on Wednesday, but missed Wall Street expectations due to weak global economic conditions and the strong U.S. dollar. The Memphis-based company also lowered its full-year earnings forecast, citing modest...

Wall Street was little changed on Wednesday as investors held fire ahead of the Federal Reserve's decision on an interest rate hike. The Fed will announce its decision on Thursday after a two-day meeting. Speculation about when the Fed will end...

Hewlett-Packard Co (HPQ.N), which plans to split into two listed companies this year, said it expected to cut about 33,300 jobs over three years as the tech pioneer adjusts to falling demand. The latest cuts, on top of 55,000 layoffs...

Nigerian banks made no bids on the interbank money market on Tuesday as they awaited instructions on how to comply with a directive to transfer government revenues into a single account with the central bank, dealers said. President Muhammadu Buhari...

A rise in market expectations for U.S. interest rates as the Federal Reserve starts to normalize policy could cut capital inflows to emerging markets by as much as 45 percent, World Bank economists said in a paper published on...

Think of it as tweeting for dollars. The social media service Twitter on Tuesday introduced a feature that enables political candidates and advocacy groups to raise money directly via its mobile application, making it quicker and easier to harvest small...

BEVERLY HILLS, September 14, (THEWILL) – The Central Bank of Nigeria (CBN) has again assured investors and businesses of the nation’s strong economic fundamentals following the The CBN’s reassurance followed recent claims and counter claims over the nation’s foreign exchange...

German premium carmakers BMW (BMWG.DE), Mercedes-Benz (DAIGn.DE) and Audi (NSUG.DE) are snapping up software experts as tech firms such as Google (GOOGL.O) threaten to outflank them in the race to develop a self-driving car. Software expertise has become a new...