Business

EXCLUSIVE: Deziani Set To Resign As Oil Minister, Sets Eyes On OPEC Secretary General Job

BEVERLY HILLS, CA, June 10, (THEWILL) - Nigeria’s Petroleum Minister, Mrs. Deziani Alison-Madueke is seeking to take up the influential position of Secretary General of the Organization of the Petroleum Exporting Countries (OPEC) and will resign her Ministerial appointment...

Betting On Boring Brings Stock Out Performance In 2014

Largely ignored during much of last year's 30 percent rally in the Standard & Poor's 500 Index, the stocks leading the U.S. market this year rank among its usually sleepiest components. The best sector in 2014 is utilities, including Consolidated...

Microsoft To Cooperate With Qihoo 360 Amid Security Concerns In China: Xinhua

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Microsoft Corp (MSFT.O) will work with Chinese Internet security specialist Qihoo 360 Technology Co (QIHU.N) on mobile Internet and artificial intelligence technology, state media reported, as the U.S. software giant fights security concerns in the country. Microsoft and Qihoo on...

China IPO Market Resumes After Four-Month Hiatus, Brokers To Rue Break

The reopening of mainland China's IPO market with seven new listings announced on Tuesday is good news for investors, although analysts said brokerages could be forced to slash their earnings forecasts after a four-month hiatus in activity. The new offerings...

UBA Targets New Generation Of Customers with Next-Gen Account

FEMI OLALOKU, EXECUTIVE DIRECTOR, TREASURY AND INTERNATIONAL BANKING UBA PLC ADDRESSING UBA’S NEW GENERATION OF LOYAL CUSTOMERS AT THE PRODUCT LAUNCH OF UBA’S “NEXT-GEN” ACCOUNT IN LAGOS SAN FRANCISCO, June 09, (THEWILL) – United Bank of Africa (UBA) Plc is...

Nigeria Seeks Bids For Assets Of Ailing Telecom Company Nitel

Nigeria is seeking buyers for the assets of distressed state-owned former telecom monopoly Nitel, the state-appointed liquidator said on Monday. Nigeria opted to wind up Nitel in March after almost a decade of struggling to sell it, due to the...

Capital Market Conference Focuses On Stakeholders’ Role In Integrated Market

BusinessDay, Nigeria’s leading business and financial newspaper, is set for the 4th edition of the Annual Capital Market Conference which holds on June 26, 2014 in Lagos. With the theme, ‘West African Capital Market Integration: Challenges & Opportunities for Nigerian...

World Stocks Inch Towards All-Time High

World shares were within touching distance of an all-time high on Monday, spurred on by the combination of record low global interest rates and the improving health of major economies. European markets opened on the front foot again, looking for...

Amazon Expands Middleman Role In Latest Online Payments Push

Amazon.com Inc will start managing subscription payments for start-ups and other companies - the latest in a series of quiet moves the e-commerce giant has made into PayPal's turf over the past year. The service, which launches on Monday, allows...

Japan’s Economy Picks Up Speed On Unexpected Surge In Capex

Japan's first quarter growth handily beat initial estimates on an unexpected surge in capital spending, fresh signs the world's third-biggest economy is in better shape to weather a hit to consumption from a sales tax hike. Capital spending, long a...