Business

PayPal is entering 10 new countries this week, including Nigeria, providing online payment alternatives for consumers via mobile phones or PCs in markets often blighted by financial fraud. Rupert Keeley, the executive in charge of the EMEA region of PayPal,...

The Central Bank of Nigeria’s (CBN) new policy stance on fraudulent practices in the banking industry, occasioned by loan and related offences, among others, may have put the credit bureaus under scrutiny, BusinessDay investigations have shown. While the CBN’s promise...

Ukraine says Russia has cut off all gas supplies to Kiev, in a major escalation of a dispute between the two nations. "Gas supplies to Ukraine have been reduced to zero," Ukrainian Energy Minister Yuri Prodan said. Russia's state-owned gas giant...

U.S. banks looking to get in on a booming market for financing new-car sales have run into a formidable competitor: the auto manufacturers themselves. Financing arms of car companies, including Toyota Motor Corp, Honda Motor Co and Ford Motor Co,...

Investors tensions over fighting in Iraq and Ukraine saw a global shift into traditional safe-haven currencies, precious metals and bonds on Monday, and oil hovered near a nine-month high. The mood also spread to share markets. The Nikkei in Tokyo...

Mitsubishi Heavy Industries' involvement in Siemens' bid for the power assets of France's Alstom fits in with the Japanese company's plans to build a global presence after a recent major reorganization of its business. Mitsubishi Heavy President Shunichi Miyanagi said...

… As Nigeria, American Investors Sign MOU SAN FRANCISCO, June 15, (THEWILL) – The power sector reform is progressing with the administration addressing teething problems facing the sector, Minister of State Power, Hon. Mohammed Wakil has disclosed. Speaking after signing a...

With the possibility of escalating violence in Iraq, stocks in the defense sector could garner more attention next week. The stock market and oil prices were rattled late in the week after violence in the nation escalated as a Sunni...

Honda Motor Co expects to recall vehicles with potentially defective air bags, a move that could expand a massive, multi-company air bag recall by more than a million, according to a person with knowledge of the matter. The recall involves...

Twitter Chief Operating Officer Ali Rowghani resigned on Thursday. The former Pixar executive joined Twitter (TWTR, Tech30) in 2010 as chief financial officer and became COO in 2012. "Goodbye Twitter. It's been an amazing ride, and I will cherish the memories,"...