Business

It's getting worse for Brent crude, now slips below $80

Brent oil, the grade Nigeria exports, slumped Thursday to a new four-year low on expectations…

Brent crude price falls to $80 in Asia

Oil prices fell further in Asia Thursday on a stronger greenback and expectations that the…

Speculators responsible for oil prices fluctuations, says OPEC

The Organisation of Petroleum Exporting Countries (OPEC) has blamed speculators for the fluctuation in crude…

China October industrial output rises

China's industrial production, which measures output at factories, workshops and mines in the world's second-largest…

Shell admits 2008 Nigerian spills bigger than thought

Royal Dutch Shell said Thursday that two 2008 oil spills in Nigeria were larger than…

IMF backs low oil prices, says it will spur growth

The fall in oil prices to their lowest levels in more than three years should…

UK Pound slumps, BoE cuts growth, inflation forecasts

The British pound slumped against other major currencies after the Bank of England trimmed Britain's…

Ekiti without electricity for months, says Fayose

Governor Ayo Fayose of Ekiti State on Wednesday in Abuja said that protracted poor power…

Reuters: Nigeria's currency in line for battering, devaluation looms

Plunging oil prices, terrorism and messy pre-election politics are setting the stage for a rough…

More firms join bidding war for Portugal Telecom

Two investment funds have joined in a bidding war for Portugal Telecom, with a joint…