Business

Naira sinks further, crossing N170 line

Nigeria's Naira sank to its lowest intraday level in almost five-years of 171.

World's longest aircraft to fly Beijing-New York route

Air China will fly the Boeing 747-8, the world's longest aircraft on the Beijing-New York…

No change in Bank of England interest rate

The Bank of England voted Thursday to maintain its key interest rate at a record-low…

Singapore Airlines sees profit down 55.5 percent

Singapore Airlines said Thursday its half-year net profit plunged 55.

Brazil aircraft maker Embraer posts $10.7 bn loss in Q3

Brazilian aircraft manufacturer Embraer, the world's third largest, said Thursday it lost $10 billion in…

Dangote Cement starts production in South Africa; next Senegal, Ethiopia

Dangote Cement $600 million plant in South Africa has roared into production, Edwin Devakumar, the…

Argentina probes GE, Ambev subsidiary for tax fraud

Argentina on Wednesday broadened a tax fraud probe against Procter & Gamble to include US…

Nigeria faces budget, currency, stock woes

By our reporter Nigeria's economy is struggling from being strangled by three interconnected forces:

Afreximbank to introduce mobile payment platform

The African Export-Import Bank (Afreximbank) is working to introduce a mobile payment platform to support…

Shell nudges South Africa hasten permits on shale oil

South Africa was nudged Wednesday by Royal Dutch Shell to hasten decision on its application,…