Business

MasterCard Inc (MA.N), the world's No. 2 debit and credit card company, reported a 17 percent rise in quarterly profit as people spent more using its cards and the company paid lower taxes. MasterCard shares were up about 2 percent...

Barclays (BARC.L) set aside another 800 million pounds ($1.2 billion) on Wednesday to cover potential settlements for alleged foreign exchange manipulation, hitting profits and reflecting its struggle to put past problems behind it. Barclays said it had now set aside...

China's biggest lender by assets, Industrial and Commercial Bank of China, said on Wednesday it had signed an infrastructure pact worth $2 billion with the oil-rich west African nation of Equatorial Guinea. The agreement was signed on Tuesday following a...

Chinese e-commerce giant Alibaba Group Holding Ltd is freezing hiring for the rest of the year because it has grown "too quickly", Executive Chairman Jack Ma told staff. "Alibaba has really developed too quickly ... this year our entire group...

SAN FRANCISCO, April 28, (THEWILL) – About five months after it was presented by the Minister of Finance/Coordinating Minister for the Economy, Dr. Ngozi Okonjo-Iweala, the Senate, Tuesday, passed the 2015 budget . However, the N4.493trn 2015 budget was N51bn...

BEVERLY HILLS, April 28, (THEWILL) – The Nigerian naira has failed to hold on to its strong post election gains recorded immediately President Goodluck Jonathan conceded defeat to opposition candidate General Muhammadu Buhari. The naira on Tuesday at the parallel...

Nigeria runs on oil: The government of Africa’s largest economy makes three-quarters of its revenue from crude. The question for Africa’s biggest oil producer is, how much of that money makes actually makes it into the government’s bank account, without...

An audit has found that Nigeria's state oil company overpaid the government $750m (£490m), at a time when it was accused of massive corruption. The audit followed allegations in 2013 by then-central bank chief Lamido Sanusi that the company had...

Apple Inc beat Wall Street's revenue and profit forecasts on Monday as it sold more iPhones in China than the United States for the first time, but the company gave no sales figures for its new Apple Watch. Apple's iPhone...

Ford Motor Co (F.N) on Tuesday reported a profit that was less than analysts expected, selling fewer vehicles in North America as it worked to increase production of the redesigned F-150 pickup truck and losing money in South America. The...