Business

China's Central Bank has again cut the guiding rate for the national currency, the yuan, a day after Tuesday's record 1.9% devaluation. The move sent fresh shockwaves through Asian markets, but the bank has sought to calm fears, saying it...

The Bank of Industry (BoI), on Tuesday in Lagos launched a N1 billion fund for Nigeria’s fast-growing fashion industry. Mr. Rasheed Olaoluwa, Managing Director of the bank, said the fund would support Small and Medium Enterprises (SMEs). Olaoluwa added that Nigerian...

Wall Street was set to open lower on Tuesday after China's surprise devaluation of the yuan increased unease about the health of the world's second-largest economy and pushed the dollar higher. The yuan fell to its lowest against the dollar...

Russian state companies and banks are cutting staff and scrapping projects as they prepare for another surge of foreign debt repayments of at least $35 billion before the end of the year amid falling energy export revenues and a...

Google Inc's overhaul of its operating structure is an acknowledgement of the lack of transparency surrounding its disparate businesses and projects, analysts said, but it remains to be seen how much more the company will actually disclose. Analysts and investors...

SAN FRANCISCO, August 10, (THEWILL) – Pan-African Financial Services group, United Bank for Africa (UBA) Plc was last Saturday honoured with an award as Nigeria's biggest lender to agriculture. The award was conferred on the bank by the Lagos...

Google Inc (GOOGL.O) announced a major shake-up of its operating structure on Monday, creating a holding company called Alphabet which will contain subsidiaries to separate its core web advertising business from newer ventures like driverless cars. The move appeared to...

A deepening slowdown in demand in China took center-stage on Monday, boosting some stock markets on hopes of more policy stimulus even as it knocked commodity prices. China's stock markets bucked broad cautiousness in Asian equities with major indices up...

Nokia NOK1V.HE is hiring software experts, testing new products and seeking sales partners as it plots its return to the mobile phone and consumer tech arena it abandoned with the sale of its handset business. Once the world's biggest maker...

BEVERLY HILLS, August 09, (THEWILL) – Nigeria’s central bank Sunday said it would fulfill all eligible and legitimate requests for foreign exchange such as remittances for school fees, student maintenance allowances, Business Travel Allowance (BTA), Personal Travel Allowance (PTA),...