Business

Russian ruble hits historic lows on OPEC decision

The ruble slumped to historic inter-day lows Thursday against both the dollar and euro in…

OPEC failure to reduce oil output sends oil prices crashing

OPEC disappointed the international oil market on Thursday by voting to maintain its current production…

Portugal Telecom takeover: Isabel dos Santos sticks to her offer

Daughter of Angola's president, Isabel dos Santos will maintain her takeover offer of 1.

Fitch Ratings: State of Nigerian banks after Naira devaluation

Here is the press statement issued by global rating agency, Fitch Ratings, on the possible…

Atiku Abubakar: How to save Nigerians from facing desperate times

By Atiku Abubakar The Monetary Policy Committee of the Central Bank of Nigeria rose from…

OPEC elects Diezani Alison-Madueke president

The Organisation of the Petroleum Exporting Countries OPEC on Thursday ay at its ongoing 166th…

Naira falls further on low dollar supply

It is certainly not the best of time for Nigeria's currency, the Naira.

Oil prices slump further ahead of key OPEC meeting

Oil prices retreated further in Asia Thursday on expectations the OPEC cartel will keep production…

Reps panel orders Shell pay $4b for Bonga oil spill

Nigeria's House of Representatives committee has ordered oil major Shell to pay $3.

Naira devaluation: Worst thing to befall a nation, says APC

All Progressives Congress (APC) has critised devaluation of naira and described the development as not…