Business

Nigerian banks scramble for cash as CBN hikes reserve limit

Nigeria's central bank on Wednesday advised banks it would drain a combined 568 billion Nigerian…

Oil prices: Russia's Rosneft cuts output

Russian oil giant Rosneft has trimmed its oil output amid a continued slide in crude…

Oil prices tumble as OPEC dithers on output cut

Oil prices tumbled Tuesday, with the US benchmark down 2.

Shareholders to sue Tesco for profits overstatement

Tesco shareholders are to sue the British supermarket giant for compensation after the revelation of…

Nigeria devalues currency

The Central Bank of Nigeria (CBN) on Tuesday in Abuja announced devaluation of naira by…

Tony Elumelu: I See Big Opportunities In The Power Sector

Tony Elumelu, chairman Heirs Holdings, bares his mind in this interview on how to unlock…

Fashioning A Power Agenda

Simon Ateba Big players in the power sector gather in Lagos for the West African…

Brent crude price down, WTI up as OPEC output cut dims

Oil prices were mixed in Asia Tuesday as dealers bet that the OPEC cartel is…

Struggling Sony to end FIFA sponsorship contract

Sony has decided not to renew a multi-million-dollar sponsorship contract with FIFA, a report said…

Panama seizes Mexican billionaire Slim's assets

A Panamanian court has seized the assets of Mexican billionaire Carlos Slim's local infrastructure company…