Business

Nestle SA (NESN.VX) thinks it can turn around its U.S. frozen foods business despite recent sales declines driven by consumer perceptions that the products are not healthy, the company's U.S. chief executive said in an interview. Nestle remains committed to...

The Securities and Exchange Commission (SEC) on Thursday said that preliminary report of forensic auditors on BGL Group Plc revealed that the company eroded its shareholders' funds to the tune of N48 billion. The commission in a statement posted on...

SAN FRANCISCO, June 24, (THEWILL) – Nigeria has lifted the ban placed on the importation of textiles and furniture into the oil-rich nation. The Comptroller-General of the Nigeria Customs Service, Alhaji Abdullahi Dikko, who disclosed this in Lagos at the...

SAN FRANCISCO, June 24, (THEWILL) – In a bid to reduce the pressure on the naira and preserve Nigeria’s external reserves the Central Bank on Tuesday blocked the sale of foreign exchange for the purchase and importation of 40...

Oil held above $64 a barrel on Wednesday before a U.S. government report expected to show domestic crude inventories fell for an eighth week, a sign that a supply glut is easing. The industry group American Petroleum Institute (API) on...

The Federal, states and local governments shared a total of N409.3 billion as revenue for the month of May 2015, the Permanent Secretary, Ministry of Finance, Mrs. Anastasia Nwaobia, said Tuesday.   Nwaobia disclosed this while addressing journalists on the outcome...

BlackBerry Ltd (BB.TO) (BBRY.O) reported a slightly wider than expected adjusted loss on Tuesday, however shares in the company rose over 8 percent as its revenue slide began to show signs of stalling and its turnaround begins to slowly...

Britain's accounting watchdog has opened an investigation into how accounting firm KPMG made sure that Bank of New York Mellon complied with rules on keeping customer money safe. The Financial Reporting Council said on Tuesday the investigation would cover...

Standard & Poor's central forecast is that Greece will still be in the euro and the European Union at the end of 2015, although even a late deal to stave off default will not resolve its problems, chief rating...

British banking group Barclays (BARC.L) is in talks to sell its natural resources-focused private equity business to the unit's management, a person familiar with the matter said on Tuesday. Barclays Natural Resource Investments (BNRI) has committed $3 billion to 28...