Business

South Africa's currency has fallen to an all-time low against the US dollar. It briefly hit a rate of 14 to the dollar amid concerns about the strength of the Chinese economy, reports the Reuters news agency. Economies that rely on...

Wall Street opened sharply lower on Monday with the Dow Jones industrial average losing more than a 1,000 points following a more-than 8 percent drop in Chinese shares and a selloff in oil and other commodities. The Dow has never...

Iran's Oil Minister, Bijan Zanganeh, said on Sunday that holding an emergency OPEC meeting may be "effective" in stabilizing the oil price, Iran's oil ministry news agency Shana reported. Algeria said earlier this month that the Organization of Petroleum Exporting...

BT Group Plc's (BT.L) Americas unit president has called on the United States to require that telecoms rivals allow access to their networks at regulated prices, the Financial Times reported Sunday. Bas Burger, president of the British provider's Americas operation,...

SAN FRANCISCO, August 21, (THEWILL) – Nigeria’s naira has sustained the gains recorded this week, edging higher on Friday against the U.S dollar at the parallel market -- N208 / $1 -- having traded at N223 on Monday and...

Hewlett-Packard Co (HPQ.N) reported a drop in revenue for the fourth straight quarter, hurt by weak PC sales and lower demand from corporates for its services. Shares of the world's No. 2 PC maker, which also forecast full-year adjusted profit...

… Emerges as first Nigerian Bank to fully implement all ISO certifications BEVERLY HILLS, August 20, (THEWILL) – Foremost African financial institution; Guaranty Trust Bank plc has been awarded a triple International Organization for Standardization certification: ISO/IEC 27001- for Information...

The new head of Nigeria's state oil company said on Thursday the country's fuel subsidy was an unsustainable drain on the economy, calling for deregulation of the oil and gas sector. "Subsidy creates distortions in government revenue distribution," Nigerian National...

Canada's Valeant Pharmaceuticals International Inc (VRX.TO) said it would buy privately owned Sprout Pharmaceuticals, whose drug became the first approved treatment this week for low sexual desire in women, for about $1 billion plus milestone payments. Valeant will pay $500...

The Central Bank of Nigeria (CBN) said it has finalised the guidelines for Nigerians in the Diaspora to enroll for the Bank Verification Number (BVN). The bank in a statement by Mr. Dipo Fatokun, the Director, Banking and Payment System...