Business

Hong Kong jails property tycoon, deputy for graft

Hong Kong property tycoon Thomas Kwok and its former deputy leader were jailed for corruption…

World Bank pledges $1.7bn loan for Nigeria's power sector

Nigeria's Bureau of Public Enterprises (BPE) on Monday said that the World Bank would support…

Tesco faces accounting audit

Britain's accounting watchdog on Monday launched a probe into Tesco's accounts after the troubled supermarket…

Gulf OPEC gambles on putting shale oil producers out of market

The determination of powerful Gulf OPEC members to stifle competition from new oil producers has…

'Santa Claus' hits oil market, Brent crude price rises

Global oil prices rebounded slightly today catching the mood around the world of Christmas celebration…

Oil prices extend gains in Asia

Oil prices rose in Asia on Monday, extending a sharp rebound at the end of…

New N100 Note: CBN highlights distinctive features

The N100 banknote unveiled recently by President Goodluck Jonathan in November to commemmorate Nigeria's centenary…

Russia's economy still mired in turbulence: news analysis

Deep recession, skyrocketing prices and a fragile banking system:

OPEC member blames 'irresponsible' non-members for oil glut

"Irresponsible" levels of output by producers from outside the OPEC oil cartel is among the…

Dollar sells for N198.60 in Lagos

Forex traders in Lagos said today that the Nigerian Naira was so battered that it…