Business

Brent crude oil prices steadied around $49 a barrel on Tuesday after the International Monetary Fund cut its forecast for global economic growth in 2015 implying lower demand for fuel. Global growth is projected at 3.5 percent for 2015 and...

Delta Air Lines Inc said on Tuesday it lost $712 million in the fourth quarter largely due to fuel hedge settlements, although the carrier topped analysts' estimates and offered positive outlook for the start of 2015. The Atlanta-based carrier lost...

Nigeria's Seplat Petroleum Development Company has won an extension to a deadline for announcing whether it intends to make a firm offer for oil producer Afren, the London-listed firm said on Monday. Seplat confirmed earlier this month that it had...

Nigeria’s naira weakened to a record low a day before the central bank decides on interest and exchange rates and as Morgan Stanley and Renaissance Capital forecast further declines for the currency battered by low oil prices. The naira fell...

SAN FRANCISCO, January 18, (THEWILL) – The federal government of Nigeria has reduced the price of petrol to N87 ($0.45) from N97 per litre. Petroleum Resources Minister, Diezani Alison Madueke, who made the announcement on Sunday said the price reduction...

President Barack Obama's State of the Union address will propose closing multibillion-dollar tax loopholes used by the wealthiest Americans, imposing a fee on big financial firms and then using the revenue to benefit the middle class, senior administration officials...

Google Inc is in talks to buy mobile-payments company Softcard, technology news website TechCrunch reported on Friday, citing people familiar with the matter. The deal could help pair Google with the largest U.S. wireless carriers to battle Apple Inc and...

SAN FRANCISCO, January 16, (THEWILL) – World Bank Country Director, Marie Francoise Marie-Nelly, has described Cross River State as a model in the implemention of the Bank’s projects and programmes in the country because of its approach to governance. Marie...

China's Alibaba Group Holding Ltd (BABA.N), the world's biggest e-commerce company, is piloting a mobile messaging app aimed at marrying social networking with business, an Alibaba spokeswoman said on Friday, as the company expands its enterprise services. The app, called...

Retail foreign exchange brokers from New Zealand to New York were nursing hefty losses from the Swiss National Bank's shock move to abandon a cap on its currency, with some even being forced out of business. Retail broker Alpari UK...