Business

Oil prices rallied more than 2 percent on Thursday, clawing back part of a 6 percent slump triggered by a jump in U.S. crude inventories and record Saudi output, although analysts said sentiment remained bearish. A 10.95-million-barrel surge in U.S....

Samsung Electronics Co Ltd (005930.KS) expects record shipments for its new Galaxy S6 smartphones and said it will struggle to meet demand for the curved-edged version due to production constraints, adding to hopes for a turnaround in mobile sales. The...

Some of the biggest dollar bulls in the global bond fund sector have reversed course in recent weeks, cutting exposure to the greenback amid concern the U.S. Federal Reserve will delay a widely-anticipated interest rate hike. The shift comes as...

Apple Inc's (AAPL.O) smartwatch is a "beautiful", "stylish" and "elegantly made" piece of technology that could make life easier for people on the move, reviewers said, but it also has shortcomings and a price that could limit its appeal. The...

BEVERLY HILLS, April 08, (THEWILL) – The Central Bank of Nigeria (CBN) has warned against the increasing pricing of goods and services as well as demand for payment in foreign currencies for domestic transactions saying it contravenes local laws. The...

Cape Town – The Federal High Court in Nigeria has ordered MultiChoice to back off from its "arbitrary" monthly increase of DStv subscription fees which would have come into effect from April. MultiChoice and MultiChoice Africa which runs the DStv...

Kenya's government has ordered the closure of 13 money transfer firms to prevent militant Islamists from using them to finance attacks, the interior minister has told the BBC. The bank accounts of 85 individuals and "entities" had also been frozen,...

American Airlines and US Airways were given a single operating certificate from U.S. regulators, marking a milestone in their integration since the carriers merged in December 2013, parent American Airlines Group Inc said. The U.S. Federal Aviation Administration (FAA) now...

Sometimes it takes little more than five people to put together a $70 billion oil mega-merger. Shell's purchase of smaller rival BG, the third largest oil and gas merger ever, was prompted by a phone call on a Sunday in...

Bureau De Change operators in Abuja have attributed the fall in the dollar to release of the foreign currency by hoarders who had stored it pending the outcome of the nation’s general elections. A cross section of the operators, on...