Business

Why more Nigerian micro-finance banks may collapse

The Managing Director of Asha Microfinance Bank, in Nigeria’s western city of Lagos, Mr Aminul…

FIRS surpasses 2014 target by N400billion

The Federal Inland Revenue Service (FIRS) said on Thursday that it generated N4.

Low oil prices drag down oil firms stocks

Shares in energy companies slid Thursday after they announced falling profits on tumbling oil prices,…

Still bad news for crude oil as prices reach 6-year low

New York oil prices tumbled close to six-year lows on Thursday, as record-high US crude…

Shell announces profit slump, hints of $15billion spending cuts

Energy group Royal Dutch Shell on Thursday announced an eight-percent drop in annual net profits…

Amazon offers business e-mail, challenges Microsoft

US online giant Amazon announced plans Wednesday to offer a cloud-based email and calendar service…

Indigenous Peruvians stop oil production, demand compensation

Hundreds of indigenous Indians from the Peruvian Amazon demanded compensation for land use at 14…

US crude reserves tumble oil prices

Glimmer of hope that oil prices may be on an upward swing were dashed today…

Surge in dollar debts puts Ivory Coast, Ghana at risk

A surge in foreign debt issuance by African nations has left some fragile economies exposed…

Whisky business nets Britain over £5 billion yearly: Report

Britain's whisky trade is worth over £5 billion ($7.