Business

Nigeria has awarded most of its long-term oil contracts worth an estimated $40 billion a year to local companies, according to a confidential list seen by Reuters, meaning global traders need to partner with them to access crude from...

GOVERNOR EMMANUEL UDUAGHAN OF DELTA STATE (L) CONGRATULATING CHAIRMAN, DELTA STATE PENSION BOARD, MRS. PATIENCE IKOMI (R) SHORTLY AFTER TAKING OATH OF OFFICE AS THE CHAIRMAN OF THE BOARD DURING THEIR INAUGURATION BY THE STATE GOVERNOR HELD IN GOVERNMENT...

General Motors Co filed a motion in a U.S. court to enforce an injunction contained in its sale order, which GM says bars plaintiffs from suing the reorganized company for any claims related to its predecessor. "May New GM be...

Swiss drugmaker Novartis is transforming its business by exchanging certain assets with GlaxoSmithKline and divesting its animal health business to Eli Lilly in deals worth billions of dollars. The revamp, announced on Tuesday, is the result of a keenly awaited...

M&A talk in the pharmaceutical sector lifted European shares on Tuesday, but failed to support the euro, which held at a two week low against the dollar on rising expectations of further policy easing by the European Central Bank. China's...

Nokia said on Monday it expects the sale of its handset business to Microsoft to be finalized on April 25, as it had received all the required regulatory approvals. The closure of the 5.4 billion euro ($7.5 billion) deal, which...

Domestic and offshore investors in Nigeria’s bond market may choose to hold on to cash rather than invest in bonds, as a result of apprehentions about the political environment in election year 2015, analysts say. Recently, Standard and Poor’s (S&P)...

General Electric, along with some Nigerian companies in the power and gas sector, is devising a solution that could improve power supply by stepping up gas deliveries to generating plants in the country. Explaining the process, Lazarus Angbazo, president and...

Apple Inc and Google Inc are wooing game developers to ensure that top game titles arrive first on devices powered by their respective operating system, the Wall Street Journal reported, citing people familiar with the matter. Both the companies are...

U.S. pharmaceutical giant Pfizer (PFE.N) has approached British rival AstraZeneca (AZN.L) to propose a 60 billion pound ($101 billion) takeover, Britain's Sunday Times reported. The paper cited senior investment bankers and industry sources saying that informal conversations about a deal...