Business

Transcorp Hilton Abuja has been honoured with an unprecedented five awards by the voters of the 22nd World Travel Awards. The hotel, which is owned by Transcorp Hotels Plc, the hospitality subsidiary of Transnational Corporation of Nigeria Plc, emerged winner...

Facebook (FB.O) is gaining ground on Google's (GOOGL.O) YouTube as an outlet for big companies to market their products via online videos, the fastest growing category of Internet ads, a report published on Monday said. The competition for video viewers...

Oil prices rose above $63 a barrel on Monday in response to new proposals from Greece that the European Union welcomed as a basis for progress at talks to try to stave off a default that could cause turmoil...

Surging investment by Chinese companies in U.S. research labs is yielding a fast-growing trove of patents, part of a push to mine America for ideas to help China shift from being the world's factory floor to a driver of...

Chipmaker Advanced Micro Devices Inc is at the initial stage of reviewing whether to split itself in two or spin off a business, seeking to reverse its fortunes and take on rival Intel Corp, according to three people familiar...

Nigeria's four oil refineries will resume production in July, a spokesman for the state-owned Nigerian National Petroleum Corporation (NNPC) said on Friday. Spokesman Ohi Alegbe said the two refineries in Port Harcout would begin operations after turnaround maintenance, followed by...

Official prices for Nigerian crude have hit their lowest in at least a decade as a nagging oversupply of physical oil takes its toll. The Nigerian National Petroleum Corp (NNPC) lowered the official selling price for its largest crude oil...

Citigroup (C.N) is planning to shift the headquarters of its European retail banking operation to Dublin from London to benefit from lower costs and capital requirements. This week the bank wrote to clients to say the UK-based business, Citibank International...

A South Korean court on Friday said it will rule by July 1 on U.S. hedge fund Elliott's injunction request to block a Samsung C&T Corp (000830.KS) shareholder vote on an $8 billion takeover bid from Cheil Industries Inc...

Gazprom is building a global strategic alliance with energy major Royal Dutch Shell that will include asset swaps and allow the Russian gas giant to penetrate new markets, its chief executive told Reuters. Gazprom, the world's top gas producer, said...