Business

Venezuela slashes budget as oil prices plunge further

Venezuelan President Nicolas Maduro ordered his government on Friday to slash the budget of his…

OPEC sinks Chevron, ExxonMobil stocks in US

Energy-related stocks were hammered Friday, leaving US stocks mostly flat in a holiday-shortened session, after…

Dokpesi vacates DAAR Communications PLC chair for son

Nigeria's pioneer private broadcasting outfit, DAAR Communications PLC, owners RAYPOWER group of radio stations, African…

Britain's power network gets £17bn investment top-up

Electricity suppliers in Britain are to invest £17 billion ($26.

Interpol cracks down on airline ticket fraud, 118 suspects arrested

Police have arrested 118 people in an unprecedented globally-coordinated swoop on plane ticket credit card…

Oil and gas stocks tumble

Australian energy firms were hit hard Friday by the OPEC oil cartel's decision against cutting…

Coca-Cola partners SABMiller to create Africa's biggest bottler

The Coca-Cola Company has announced a partnership to form its largest soft drinks bottling company…

Brent crude price may fall to mid $60s: expert

The worst is not over for crude oil prices.

News Analysis: Falling oil prices bigger blow to Nigeria, Angola than Ebola

Plunging world oil prices have dealt a blow to Africa far greater - in purely…