Business

Korean Air heiress questioned over 'nut rage'

Korean prosecutors questioned Korean Air heiress and former senior executive Cho Hyun-Ah on Wednesday over…

Russians go on shopping spree as ruble tumbles

Russians are feeling the pinch from the slumping ruble, but one somewhat paradoxical result has…

Profligate Nigeria continues spending spree, cuts capital vote

The austerity measures that Nigeria has promised to introduce will not affect the current levels…

Enugu's governor Chime presents Budget of Transition

Ahead of his leaving office on 29 May, 2015, Governor Sullivan Chime of Enugu State…

China loans $2bn to Angolan state oil firm

Angola's state oil company Sonangol will benefit from a new $2.

Guinness, Seplat, NB nosedive at Lagos bourse

Trading activities at the Nigerian Stock Exchange (NSE) reopened on a negative note as the…

Nigeria: Power supply drops sharply

Nigeria's electricity production has dropped to 3,500 megawatts.

Electricity consumers given incentives to acquire pre-paid meters

MADUABUCHI NMERIBEH/Kano Authorities of Nigerian Electricity Regulatory Commission, NERC, has urged electricity consumers to make…

Brent crude price plunges to $61 in Asian trade

Oil prices sank to a fresh five-year low in Asia on Monday after a top…

Oil workers strike will affect Port Harcourt area first: NUPENG

Okafor Ofiebor/Port Harcourt The threatened shut down of Nigeria's oil industry by the two oil…