Pfizer Inc. is preparing to sweeten its bid for AstraZeneca Plc to more than 63 billion pounds ($106 billion) in an attempt to lure the U.K.’s second-biggest drugmaker to the negotiating table, people with knowledge of the matter said. The offer may value AstraZeneca at more than 50 pounds a […]

The Asset Management Corporation of Nigeria (AMCON) has recovered 112 per cent of its debt, its Managing Director/Chief Executive Officer, Mr. Mustapha Chike-Obi  said Wednesday. Speaking at a symposium organised by the Bank Directors Association of Nigeria (BDAN) in Lagos, Chike-Obi expressed satisfaction that the corporation has been able to […]

Nigeria has granted licences to 40 companies to import around 1.85 million tonnes of gasoline by the end of June, Nigerian National Petroleum Corporation (NNPC) and oil industry sources said, as the country takes measures to avoid fuel shortages. Nigeria is Africa’s top oil producer but relies on fuel imports […]