Business

Euro zone banks need to be strong enough to support a pick up in credit demand to keep the euro zone recovery going, European Central Bank Executive Board member Yves Mersch said on Saturday. Tougher regulatory standards and a stronger...

The Dangote Sugar Refinery plan to produce about 2 million tonnes of sugar per annum from locally grown sugar cane within the next 10 years, the company’s Chairman, Alhaji Aliko Dangote, said at the company’s 8th Annual General Meeting...

EBay Inc initially believed that its customers' data was safe as forensic investigators reviewed a network security breach discovered in early May and made public this week, a senior executive told Reuters on Friday. EBay has come under fire over...

Nigeria's Skye Bank is in the process of securing $104 mln in Tier II capital from two European development financial institutions by July and plans to launch a share sale before the end of the year, the lender said...

Sen. Sherrod Brown, a Democrat from Ohio, and Goldman Sachs Group Inc. President Gary Cohn, who's from Cleveland, are friendly enough that Brown has been known to rib Cohn for abandoning the Cleveland Indians baseball team in favor of...

Google Inc (GOOGL.O) is developing a new 7-inch tablet that can capture 3-D images, and plans to produce about 4,000 of these prototypes beginning next month, the Wall Street Journal reported, citing people briefed on the company's plans. The device,...

T-Mobile (TMUS.N) overtook Sprint Corp (S.N) as the No. 3 smartphone purchaser in the United States in the first quarter, according to a report, as the company used aggressive discounting to add more new subscribers than any other U.S....

BEVERLY HILLS, CA, May 22, (THEWILL) – A fresh move has been made by the Nigerian National Petroleum Corporation (NNPC) and the Petroleum Resources Minister, Mrs. Diezani Allison-Madueke, to stop the National Assembly from investigating the alleged N10bn spent...

BEVERLY HILLS, CA, May 22, (THEWILL) – The Senate on Thursday rebuffed moves to goad it into considering what it described as a strange 2014 budgetary proposal for 52 parastatals. The proposal which was roundly rejected was presented by Chairman,...

...N3.9bn Recommended For Take Off BEVERLY HILLS, CA, May 22, (THEWILL) –  A bill for an act to establish the College of Complementary and Alternative Medicine in Nigeria scaled the crucial second reading in the Senate on Thursday. Major highlight in...