Business

… As Kwara, Zamfara, Osun Begin Payment Of Salaries SAN FRANCISCO, August 30, (THEWILL) – The Central Bank of Nigeria (CBN) will continue its stimulus in the country when it resumes the disbursement of special intervention funds totaling N338 billion...

The ongoing probe of the immediate past administration by President Muhammadu Buhari is to beam its searchlight on the alleged purchase of three mobile stages, costing $6.9m, by former President Goodluck Jonathan and two of his officials, a Presidency...

The owner of adultery website Ashley Madison had already been struggling to sell itself or raise funds for at least three years before the publication of details about its members, according to internal documents and emails also released by...

Brazil has entered recession after official figures showed the country's economy contracted by 1.9% between April and June compared with the previous three months. Analysts had expected a contraction, but the number was worse than expected. First quarter output was also...

Oil prices steadied on Friday after bouncing back from six-and-a-half-year lows on recovering equities markets, strong U.S. economic growth and news of low crude supplies from Nigeria. Oil saw its biggest one-day bounce since 2009 on Thursday, with North Sea...

The Pentagon is teaming up with Apple, Boeing, Harvard and others to develop high-tech sensory gear flexible enough to be worn by people or molded onto the outside of a jet. The rapid development of new technologies is forcing the...

U.S. private equity firm Carlyle (CG.O) is in advanced talks about buying Innovation Group (TIG.L) for 40 pence a share in cash, valuing its equity at almost 500 million pounds ($769 million), the British software company said on Friday. Innovation,...

For the first time over a billion people used Facebook on a single day, according to company founder Mark Zuckerberg. The "milestone" was reached on Monday, when "1 in 7 people on Earth used Facebook to connect with their friends...

Nigeria's state oil company, the Nigerian National Petroleum Corporation (NNPC), has reduced the number of off-takers that will emerge after a competitive bid for the proposed 2015/16 crude oil term contract to 16 from 43, it said on Thursday. NNPC,...

Stocks surged on Thursday, following the biggest gains on Wall Street in four years, after a U.S. Federal Reserve policymaker said the case for an interest rate increase next month "seems less compelling" than it was a few weeks...