Business

...Nigeria's economy worth more than $500 billion ...Debt to GDP ratio shinks after rebasing ...Investor interest piqued, but Nigerians shrug ...S.Africa, Nigeria vying to be 'voice' of Africa Nigeria has overtaken South Africa as Africa's largest economy after a rebasing calculation almost doubled...

Nestle's (NESN.VX) chairman Peter Brabeck expects to retire in 2017, in line with internal company rules preventing board members from standing for re-election once they reach the age of 72, he said in an newspaper interview published on Saturday. "Those...

The upstart stock trading venue featured in Michael Lewis' book "Flash Boys: A Wall Street Revolt," may apply to become a fully registered stock exchange sooner than planned, IEX Group Inc's chief executive said on Friday. "Flash Boys" hit the...

Two executives of the Pakistani arm of computer giant Hewlett-Packard Co were arrested by local officials in Karachi on Friday on suspicion of corporate tax evasion, the Wall Street Journal reported. The arrested executives were identified as Shahid Ali Khan,...

Apple Inc has agreed to settle a year-old patent infringement lawsuit with Intertrust Technologies Corp, a software firm owned by a group that includes Sony Corp and Philips, according to court filings. Terms of the settlement were not disclosed. Silicon Valley-based...

Several of the biggest investors in Allianz are pressing the German insurer to step up oversight of its California asset management unit Pimco and one is considering the unusual step of going public with its concerns at a shareholder...

The U.S. Federal Reserve must avoid being locked into calendar-based policy commitments and instead ensure its forward guidance is flexible enough to allow it to respond to changing conditions, a top Fed official said in Hong Kong on Friday. Dallas...

Investors took to the sidelines ahead of what was expected to be an encouraging U.S. employment report on Friday, while the euro nursed losses after the European Central Bank opened the door to more aggressive easing if needed. The March...

Taleveras Group said the Nigeria Extractive Industries Transparency Initiative (NEITI) in its audit report listed 52,308,878.00 USD value against it in the crude oil swap arrangement, and not 152,308, 878 litres as grossly misinterpreted. NEITI in its audit report submitted...

U.S. stocks were poised to open little changed on Thursday, after the S&P 500 set a record for a second day and data showed jobless claims rose more than expected in the latest week. Initial weekly claims for state unemployment...